When does one be eligible for a PPI reclaim?

PPI compensation claim, payment protection insuranceFinancial systems that are meant to be helpful to the common people have some eligibility criteria. Thus to take advantage of any such scheme it is very important for one to know the exact eligibility criteria for the same. PPI or Payment protection Insurance is one such helpful scheme and here in this article we will talk about the eligibility criteria for the same.

A PPI is generally sold along with any loan that one takes from any bank or financial institution. However one must understand that these are over and above the original loan and there are certain terms and conditions that are riding with the scheme. There are certain illnesses which are not covered by this PPI scheme. Also there are restrictions as to the number of transactions in which one can pay the charges to be eligible for the loan. One must take all this into consideration before going for the same.

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