What is Payment Protection Insurance (PPI)?

What is Payment Protection Insurance (PPI)?

James Eves

30 years: Equity capital markets

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

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

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What is Payment Protection Insurance (PPI)?

2 mins 51 secs

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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