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What is Payment Protection Insurance?A policy holder who has repayments to make since he has borrowed and has trouble making those payments due to some unforeseen circumstances is covered under Payment Protection Insurance. Anyone above 18 years and below 65 years is eligible for this cover. A few more regulations once fulfilled can satisfy for this cover. And there are exceptions such that unemployment related problems would not be fixed if the policy holder becomes unemployed within 60 days. The reason for him being unable to pay may be sickness or unemployment. Accidents too sometimes may happen and prevent a policy holder from making his repayments and this protection cover will take care of his repayment. Loans- Frequently Asked Questions
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