A guide to Payment Protection Insurance (PPI)1

Originally published: 21st June 2007

Insurers, banks, mortgage lenders and consumer credit providers have joined forces to produce a consumer guide to PPI. This explains how PPI works and advises customers on what they need to ask the seller to ensure the product is suitable for them.

BBA members are committed to helping customers understand payment protection insurance. Remember it is optional and customers should take time to understand the product they are considering buying.