subject: Payment Protection Insurance For Your Peace Of Mind! [print this page] It is inevitable to face road accident, accident at work place and you are made unfit to work for a longer time. Have you imagined how difficult it is to manage your house hold when there is no income flow? Your grocery bills, your kids education, power bills, mobile bills and above all your medical expenses and other hospitalisation charges..can you even think of it? Payment Protection Insurance or PPI was developed in order to provide cover for repayments for individuals who are unable to pay, due to an illness or accident.
Unimaginable eventualities can take your mental peace away. Be prepared for such eventualities in future. The only solution to all these problems that may arise in future is to have a payment protection insurance in place. Your mortgages will be left unpaid when you dont have enough funds to run your house hold as there is no income paid out to you. Protection insurance allows you to enjoy financial freedom even in a situation of temporary unemployment. Your insurance company will pay out compensation to you when you are out of employment or bed ridden.
Mortgage payments
Meet your monthly expenses
Cover up your medical expenses
Above all peace of mind
Secure your future with the right policy so that you feel that there is some one to take care of your expenses when you have no income. Do not be dreadful of the fact that you have been ripped off your income due to inability to work. Accident or sickness has made you bed ridden but you need not worry. Your policy will take care of all your expenses at the right time. What are you still pondering over, make use of the moment and be insured rather than repent later.
You can claim for compensation from the insurance company if you have been mis sold a policy. Every insurance agent is responsible for providing the right policy to the candidate. He is not supposed to deceive a person just to sell his policy and meet his targets.
It is also useful to check with your employer before buying the Payment Protection Policy as there are companies that continue to pay for sick or injured staff for a certain period of time. This way you will be saved from paying extra money for coverage that is not required. Also, be aware of any mis-sellings that may happen. You are protected against such mis-sellings.
by: Kirthy Shetty
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