ASU (Accident Sickness & Unemployment Reclaim

Jaydun68

Hi

New so sorry if this has already been asked, I have tried searching but cant seem to find an answer.

I have an Accident Sickness and Unemployment Policy that I brought as a stand alone product many years ago, I'm still paying for it.

Does this sort of policy fall under the same mis-selling as PPI, if so would I be able to get a refund if I complained?

This product was not related to any loan or mortgage etc though I was not offered any advice at the time of purchase.

Thanks Jaydun

HappyMJ

Who recommended that you buy the policy?

If you decided to buy it yourself and sought out a policy then it's unlikely it was mis-sold.

dunstonh

Does this sort of policy fall under the same mis-selling as PPI, if so would I be able to get a refund if I complained?

ASU is a form of PPI. However, you don't get a refund by having PPI. You have to have been mis-sold it. The product itself is not the issue.

This product was not related to any loan or mortgage etc though I was not offered any advice at the time of purchase.

So, who would you complain to and what is the allegation of wrongdoing that you would put to them? Plus, when did you buy it?

magpiecottage

dunstonh wrote: »

when did you buy it?

It has been called PPI for at least fifteen years. That means it predates not only statutory regulation but also the GISC code.

As the OP says it is not related to a mortgage either, the Mortgage Code would not apply.

So for FOS to be involved, the complaint would need to be against an insurance company, bank or building society that was a member of an ombudsman scheme at the time.