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Payment Protection Insurance (PPI)
What is Payment Protection Insurance (PPI)?
Payment Protection Insurance is an optional insurance policy, typically taken out alongside loans or credit cards that could help cover your repayments if you can't meet them due to illness, sickness, disability or involuntary unemployment.
Payment Protection Insurance was sold on Tesco Bank Loans taken out between January 1997 and March 2009 and has been available on Tesco Credit Cards since January 1997.