Mis-sold Income Protection Insurance

AnotherJoe wrote: »

I would sue them via MCOL, since returning the premium doesn't put you in the position they said they would so its wholly inadequate.

I think you are altering the rules set out by the ombudsman.

The rules are that you need to be put back in to the position you would have been had the mistake not happened.

If the mistake would not have happened you would have still had those premiums in your bank account.

If there was a policy that did what you wanted, you could probably argue that they pay you the £1500 a month (whether you would get it is another matter) but there is not a policy like that (as far as I am aware) and if there was, I am pretty confident it would cost a lot more than you are paying for an income protection policy.