| Payment protection covers products such as car | | | | a crisis situation you can easily pay off your grocery |
| finance, house finance, credit cards, monthly pay outs | | | | bills, loan payment, medical bills, credit card bill etc. |
| and any other borrowings from the bank. If you have | | | | What are two level coverages that you get? |
| to make monthly payments on these and you will be | | | | Loan payment protection works at two levels such as: |
| protected by this insurance cover if you are out of | | | | -It helps make regular monthly payments even in times |
| work, due to sickness, lay off or accident. | | | | of your inability to work. |
| How does such an insurance help you? | | | | -Also makes an income supplement to help meet your |
| It helps you stay calm even during a financial crisis. If | | | | basic monthly expenditures. |
| you have met with an accident, have fallen ill or have | | | | Can you cover your rental bills under this insurance? |
| lost your job, you need not worry about your monthly | | | | Yes, it covers your rent bills, and other payments such |
| payments. Insurance on their payments will help you. | | | | as house hold bills, credit card payments, grocery bills |
| What are the other coverages which come under this | | | | and other loan payments. |
| insurance? | | | | Will this safe guard your house pledged as a collateral |
| Other protection coverages are: Mortgage payment | | | | against the mortgage loan? |
| protection, income protection and unemployment | | | | Yes, of course it will safeguard your collateral as there |
| protection insurance. | | | | would not be any mortgage defaults. Your loans will be |
| How can you protect your income when uncertainty | | | | paid on time and no creditor can confiscate your |
| strikes you? | | | | house on any grounds. Insurance will protect your |
| You can protect your income in times of uncertainty | | | | house by making timely payments even when you are |
| such as an accident, illness and lay offs. Even in such | | | | redundant. |