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Know the truth of public protection insurance

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With the increase in the number of loans an insurance cover known as payment protection insurance was introduced to safeguard the interest of people. This insurance ensured that if in case the person is not able to pay a loan due to employment, medical problem or some other issue then bank would repay the loan. But the companies and many of the banks started to sell the public protection insurance in the wrong way for earning money, which poses the burden of extra payment on the one taking the loan. If you want to have more information on PPI then you may visit