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Personal Injury Insurance - same as PPI?
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KazTimp
Posts: 2 Newbie
HI
When I started university, 27 years ago, I changed bank and they sold me a personal injury policy, covering loss of limbs, vision etc.
Several years later, I rang the bank and asked to cancel it, as I felt it wasn't needed. The adviser strongly advised/pressured against cancellation and said you don't get these kinds of policies any more..
I still pay for this policy.
Would this count as PPI? At the age of 18 I was talked into buying the policy. Years later I was told not to cancel it. and still I pay!
Can you let me know if this would quality for PPI please?
sincere thanks!
Karen
When I started university, 27 years ago, I changed bank and they sold me a personal injury policy, covering loss of limbs, vision etc.
Several years later, I rang the bank and asked to cancel it, as I felt it wasn't needed. The adviser strongly advised/pressured against cancellation and said you don't get these kinds of policies any more..
I still pay for this policy.
Would this count as PPI? At the age of 18 I was talked into buying the policy. Years later I was told not to cancel it. and still I pay!
Can you let me know if this would quality for PPI please?
sincere thanks!
Karen
0
Comments
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Would this count as PPI?
No. They have nothing in common with PPI.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Can you let me know if this would quality for PPI please?
Unless you are immune to accident and injury the insurance you actually have is a useful policy that was in no way mis-sold to you.
PPI is not an acronym for refund. No one therefore "qualifies" for PPI.0 -
Thank you both for your quick replies!0
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