Payment Protection Insurance (PPI)

PAYMENT PROTECTION INSURANCE NOTICE TO MEMBERS

Coolock Artane Credit Union members can now protect their loans with payment protection insurance from Members Financial Services. This new service protects your ability to repay your Credit Union loan, if you are unable to repay your loan due to an accident, sickness or unemployment.

Why apply for PPI?

Payment protection insurance allows you to be free of the worry of repaying your loan if you become sick, unemployed or have an accident. In simple terms if you apply for payment protection insurance on a new or existing loan and you become sick, unemployed or disabled your loan will be repayed for you.

* This is subject to certain criteria.

How to apply for PPI?

• The application process takes only a few minutes
• No medical questions will be asked
• You will be issued with a policy document and a schedule of insurance on the spot.
• Your loan payments will be covered against accident, sickness or unemployment.

For a few cents a day, you can cover your loan repayments with payment protection insurance. The amount you pay is based on your agreed regular repayments.

* This is subject to certain criteria.

For more information on this service, simply ask a member of staff or a supervisor for a form or phone either office at 8513450 / 8513400.