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General / Re: PPI calculation
« on: 27 June 2012, 01:40:44 pm »
My relative was employed when taking out the policy, but then went self employed. However, the policy stated that whilst self employed, it didn't cover for unemployment, sickness etc, but it did still cover death and critical illness. He didn't have any other critical illness policies, so it was a godsend. He was paying around £14 a month for the PPI element, so had only paid around £168 when it then coughed up nine years worth of finance which was around 12k.