What is Payment Protection Insurance (PPI)?

What is Payment Protection Insurance (PPI)?

James’ discussion of PPI details its purpose of protecting retail and consumer customers against the risk of nonpayment from a variety of different avenues.
Overview

Payment Protection Insurance is a product designed to protect a bank’s retail customer base against the risks of non-payment in the case of loss of employment, sickness or disability.

Key learning objectives:

  • Define PPI and understand the regulation in place regarding it

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Summary
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Expert
James Eves

James Eves

Career banker with over 25 years working in investment banking. James has worked in many aspects of banking including equity capital markets, origination, IPOs and hybrid capital.

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