Payment Defense Insurance Essentials -- Insurance. PPI, which
essentially supplies borrowers a reliability net by promising their debt
repayments during an accident, sickness or being out of work was
blasted because of the OFT as an insurance plan which was "overly
complex", of "poor value" and a second which provided "less insurance
than customers think". In a long run insurance, the payment insurance
protects and obtains the policyholder whenever they are unemployed. This
move is usually a welcome relief in order to consumers as now they
might take their pick from many different payment protection insurers
better value. It has been...