Product is loan payment protection insurance for general insurers
GISecure has launched Loanprotector, a loan payment protection insurance (PPI) for general insurance business.
With full accident, sickness and unemployment cover, this latest PPI is aimed at consumers who are employed or self employed and need a monthly protection premium for the length of a secured or unsecured finance agreement.
Under the new Loanprotector policy brokers will be able to offer month-by-month insurance that protects their clients’ loan repayments should they be unable to work due to illness, accident or involuntary redundancy. The option of Life cover is also included.
David Hill, managing director for GISecure, said; “We have always been synonymous with payment protection insurance and treating customers fairly so it is no surprise to brokers that we are launching a monthly PPI policy that caters for the loans market. This new policy is significantly cheaper than those generally offered by high street lenders and can be taken out at any time during the lifetime of the loan.”
