Payment protection insurance
Payment protection insurance (PPI) is also called credit card insurance. It is an insurance to secure that payments are done in time in the case of sickness, injuries or death. In the cases of sickness, injuries or other mishaps, the insurance company will help you repay the monthly requirements or will pay a percentage of the debt. The terms for when the insurance company will pay, and how much the insurance company will cover have to be agreed with the insurance company. You do not need a credit card insurance/payment protection insurance to have a credit card.
Despite detailed research we can not guarantee the accuracy or completeness of the information provided.