Biba is to expand its payment protection insurance product range via its scheme provider, British Insurance.
The trade association said the cover has a series of additional benefits for consumers, including partial cover on often-excluded stress, back-related and pre-existing conditions and lower premiums. The exclusion relating to AIDS has also been removed.
Biba chief executive Eric Galbraith said: “Recent attention has shaken consumer confidence in buying PPI from non broker channels and the time is right for brokers to seize their market share. We're providing our members with the right tools to do this.”
A direct mail and email campaign will take place later this month and members who express an interest in selling PPI are being offered an agent pack with web-links and supplies of client brochures.
