Payment Protection Insurance, (also known as PPI, Credit Protection Insurance, Loan Repayment Insurance) (NOT to be confused with Income Protection or Credit Card Cover) is an insurance product that is designed to cover a debt that is currently outstanding. This debt is typically in the form of a loan or an overdraft, and is most widely sold by banks and other credit providers as an add-on to the loan... 

By Vinay Garg 1. Mortgage payment protection insurance This sounds great in theory – your mortgage is covered if you are unable to work for a period owing to illness or unemployment. Thankfully, these policies are optional, which is just as well since they are exorbitantly expensive. For every pound policyholders spend on this cover, typically less than 20-25p is paid back in claims. The upshot... 

To help you take the right decisions, here’s a ready-made list of insurance covers one should avoid and a guidance on how to factor in group insurance weightage in your insurance needs. It’s never a good idea to buy an insurance product without going through its offer document. As the case has been, most of the plain-vanilla health insurance policies today sold in the market are simply inadequate...