What is PPI questionnaire and why do we need it? We depend on the particular source of income to continue our survival on the earth. When the income level is surplus to meet our basic needs, we tend to take loans and use the credit cards to buy the luxuries in life and we depend on the surplus income to pay the monthly bills here after. What happens if the surplus income is missed out from the life suddenly, you end in bad having bad credit history with the banks and the credit card institutions. In order to protect the customer from such damaged situations, banks and credit card institutions have introduced the new add on product known as payment protection insurance(PPI).

Payment protection Insurance will pay the loan bills and credit cards on the behalf of the owner for the stipulated period time. This gives you an ample time to recover from deep financial shit. Payment protection insurance is the premium product added your loan or the credit card bill. A premium amount will be added to every bill you paid during the surplus income. If you want to claim the insurance, you should fill payment protection Insurance questionnaire. This payment protection Insurance questionnaire will be directly sent to the concerned authorities to quicken the process of insurance. You have to fill the maximum information in the payment protection questionnaire in order to assist the authorities. Here are few sample questions that are asked in the payment protection questionnaire.

PPI Questionnaire

The first question asks you about contact details?

Name financial business

What is policy number of Payment protection plan?

When did you purchase payment protection plan?