If you have existing PPI

If you an existing payment protection insurance policy such as income, loan or mortgage protection you can "transfer in". This simply means that you intend to cancel your existing policy in order to take our policy. If you choose to "transfer in" we will waive the initial 90 day exclusion period that is effective from the start date of your policy. This applies to Unemployment Only.

In order to be eligible for the waiver:

• You must have had your existing policy for at least 6 months,
• You must not have cancelled your existing policy prior to the start date of our policy,
• You must not have claimed against the policy within the past two years

Nothing further will happen unless you make a claim for unemployment within the first 90 days at which point you must be able to provide evidence of the above.

To "transfer in" simply click yes to the question "Do you wish to transfer in from a previous policy" box on the Application Form.

Once your policy arrives you can then cancel your previous policy. However please be aware that although we do not have a cancellation fee your other provider might.

In the event of an unemployment claim within the initial 90 days, your claim will be limited to the amount covered by your previous policy. However, once the initial 90 day period has expired, you can claim back to day one and your new cover amount will apply.

If you choose not to "transfer in" and keep your existing Payment Protection Policy
You may still take out our policy, even if you keep your existing policy, but you would not be eligible for a waiver of the initial 90 day exclusion period. In addition your benefit payment may be affected in the event of a claim if the combined benefit from both policies exceeds the monthly benefit repayment as stated on your application.