Is a Critical Illness or Lifestyle Plant the same as PPI?

spideregan

Hi everyone this is my 1st post. I've been inspired by many of you to consider challenging the validity of a policy I took out in 2003. It was an Allied Dunbar Critical Illness Plan now Zurich Lifestyle Plan. I honestly don't know how I got talked into paying this plan for 10 years, much of which I was self employed for. I'm wondering if this policy would be the the same as PPI?

Any help would be much appreciated by this newbie.

dzug1

Given that it was not associated with a loan (presumably, else you've have said so) then no it's not PPI


And it's entirely possible it would have paid out in the event of critical illness, self employed or no. It might not have had unemployment cover, true, but they are different things

dunstonh

I honestly don't know how I got talked into paying this plan for 10 years, much of which I was self employed for.

Self employment is a very good reason for taking one out. However, employment status is irrelevant to CI cover.

I'm wondering if this policy would be the the same as PPI?

No. its critical illness cover. Not PPI.

Any help would be much appreciated by this newbie.

Forget it. you are looking for a complaint where you dont appear to have one and mixing up product types in the process.

Insider101

dzug1 wrote: »

Given that it was not associated with a loan (presumably, else you've have said so) then no it's not PPI

And it's entirely possible it would have paid out in the event of critical illness, self employed or no. It might not have had unemployment cover, true, but they are different things

It's not entirely possible. It's a certainty. Self-employment or otherwise has no bearing whatsoever on a payout under a critical illness policy.

Nearlyold

Just to clarify - a Critical Illness policy pays out a lump sum should you suffer a Critical Illness such as cancer, heart attack or stroke, your policy document will list the conditions covered. Your employment status is not relevant nor is any sick pay through work, the policy pays out on diagnosis irrespective of whether you have to take time off work or not.


If you no longer want the cover you could always cancel the policy but then you might regret doing so down the line if you did suffer a critical illness

dunstonh

If you no longer want the cover you could always cancel the policy but then you might regret doing so down the line if you did suffer a critical illness

Someone posted in the insurance forum a few weeks back that they were diagnosed with a critical illness shortly after cancelling a CI policy.

spideregan

Thanks for your views - they really help.

roonaldo

dunstonh wrote: »

Someone posted in the insurance forum a few weeks back that they were diagnosed with a critical illness shortly after cancelling a CI policy.

and did they want the insurer to honour a claim on a cancelled policy?

dunstonh

roonaldo wrote: »

and did they want the insurer to honour a claim on a cancelled policy?

Yes. That was the jist of their post. Trying to find ways to get the insurer to pay out.