Archive for the ‘PPI Claim’ Category
December 31st, 2009 | 
Author: I don’t understand why banks are compelling people to buy payment protection insurance unnecessarily. Anyways, as I see it, I find that the bank staff are under tremendous pressure to sell insurance policies to the people, no matter what. Since they are pressurized from their respective bosses, they are just doing their duties.
As customers usually stay confused, they are being unnecessarily exploited by the bank staff. As far as PPI is concerned, there is no problem if there is a genuine need. However, one of the perennial problems that has cropped up pertains to less cover offered with the insurance cover. This is what has been told by the independent financial advisors.
What’s more, even the advisors are not seeming to be happy with the decision. They are vociferously up against the decision of the banks to provide PPI cover. Now that is something, which has been at the center of the problem.
To my utter surprise even UK’s biggest banks are involved in the menace. They are the ones that are routinely involved in pushing inappropriate and costly life insurance on to the general masses. In the wake of this many people have been feeling as if cheated and want their claims back.
What constitutes the major problem is the fact that bank staff are trying to compel their customers to switch to other policies from Payment Protection Insurance without even fully explaining the consequences.
PPI To Terminal Illness
Some of the mortgage brokers have been constantly reporting that there are cases where banks are involved in forcing their staff to achieve PPI sales. As a result, people have been grossly cheated on this account. What has been so confusing is that in some cases people even don’t know that they carry a policy with them.
Instead what they are doing is that they are pushing the people to opt for some other policies such as terminal illness cover. Even this is also burdensome.
Personal Advice
I have been urging people to constantly review their insurance cover from time to time. It becomes highly necessary specially in the wake of changed scenario where more and more people are getting victimized in the wake of PPI.
It is unfortunate but a protector has turned a tyrant especially when we take into account the payment protection insurance issue into account.
Posted in 
I was employed with one of the major pharmaceutical agencies just a few years back. Since I had taken an insurance policy from an agency, I was comfortable enough as I knew to use the same in time.
However, as things turned upside down for me, I had to go for submitting disability claims under the benefits in accordance with the agreement. As there are a number of loan payment policy guidelines stated in the agreement, I was much relieved to use it to my advantage any time. I submitted the same with confidence one day while my doctor advised to take rest for few days in the wake of anxiety. In fact, I decided to leave my then job for the time being.
To my utter surprise, when I called my insurer and asked for the confirmation, I was denied insurance benefits since I had no job. As my insurer did not inform me, I got highly disappointed when I got to know that I am not covered under the insurance I have opted for.
My insurer rejected my claim as he stated that I had ceased working before becoming unwell. I know that there are hundreds of people just like me who must have remained in the same position.
Afterwards, I had to go for payment protection insurance claim to get my hard earned money back. Not only that I even went for filing a case for the money I gave to this agency in the form of repayment installments.
As I was fortunate to be considered by the concerned legal agencies in positive, there are people who have remained at the mercy of cheating loan providers. So, it is advisable to go for a timely check as far as your PPI claim is concerned.
I have been advising all my friends not to feel bogged down as there is no dearth of agencies offering services pertaining to payment protection insurance claims. All you need to do is go for the right kind of PPI claim agency and get your money back. It’s time to do something instead of harping on the same ‘where’s the protection man’.