Payment protection insurance (PPI), or credit protection insurance, protects the debtor’s ability to continue repaying the debt in a situation of financial difficulty, caused by events such as accidents, illness or job loss. They may also include life coverage. If a sudden negative event happens, the insurance will cover monthly loan repayments up to 12 months.
Income protection insurance (STIP) plays an important role in offering consumers peace of mind in case of sudden negative events, such as loss of income, so they can avoid the need for immediate and difficult changes in their daily life in times of distress.
Together with our carrier partners, we ensure that all customers enjoy good outcomes from insurance products we are offering and their pricing.
Our sales processes, developed in cooperation with distribution partners, allow consumers to make informed purchasing decisions that benefit their personal situation throughout the whole product lifecycle.
A family takes a consumer loan to renovate a kitchen, but one of the parents becomes suddenly ill and is not able to work for several months. Thanks to credit protection insurance, they do not have difficulty to repaying the loan and keeping the standard of living. At the same time they are able to maintain a heathy credit score.
Due to staff reduction, a young single person loses the job and has to pay the rent and cover other monthly expenses during the duration of unemployment. STIP and helps to ensure that their financial and personal situation will not be severely impacted and provides the consumer with peace of mind to plan next career steps.