Payment Protection Insurance (PPI) covers your outstanding loan / finance in the event of any unforeseen circumstances relating to Death due to any cause of the borrower, subject to the PPI T&C. This benefit is compulsory for new loans and you do have to apply for it. Your decision whether or not to take up PPI cover has no bearing on your Personal Loan / Finance application.
The PPI cover is provided by Guernsey Financial Services Commission has no liability whatsoever to you with regards to this benefit. The Terms and Conditions below are a summary of the principal provisions of the Master Policy of Group Credit issued by Guernsey Financial Services Commission We request you to go through the Cover details in order to understand thoroughly the extent and terms of the Guernsey Financial Services offered.