The British Insurance Brokers’ Association (BIBA) has appointed Millennium Insurance as the exclusive provider of payment protection insurance (PPI). The product is only available from broker members and is underwritten by Jubilee.
Millennium provides a policy to be sold on a standalone basis, with or without a mortgage or personal loan. It is flexible so you can cover regular bill payments that you are committed to, in the event of unemployment or inability to work due to accident, unemployment or sickness.
Committed Payments Protection include:
Payments protection – ability to protect regular bill payments of £200 to £2000 per month
Back to work – confidential and independent advice programme offering practical assistance in returning to the workplace
Legal protection – help in appealing or defending employment or contract disputes and negotiating a settlement for bodily injury or death
24-7 helpline –confidential legal advice on personal tax matters, general health and medical issues
There is an option to add life cover for a fixed sum insured of £2,400 to £24,000.
Income protection insurance: News update: 25 May 2010