Ppi Price Rise Makes Its Critics' Blood Boil ; Post Office Is Accused of Cheating Customers Over Controversial Redundancy Insurance
Mail on Sunday › April 22, 2009
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Summary
WHEN the Post Office entered the controversial payment protection insurance market three years ago, its policy was described as 'a breath of fresh air'. But today the trusted brand stands accused of holding customers to ransom by raising the price and slashing the payout - at a time when having cover against the financial consequences of redundancy could not be more vital.
'It makes my blood boil,' says Teresa Fritz, principal researcher at consumer champion Which? 'For years, providers of payment protection insurance have reaped rich rewards from selling this cover, often inappropriately. But now, having banked all their profits, they want to make yet more profit by demanding higher premiums, knowing that most people, worried about keeping their jobs, will have no choice but to IN CRISISSee the full content of this document
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Ppi Price Rise Makes Its Critics' Blood Boil ; Post Office Is Accused of Cheating Customers Over Controversial Redundancy Insurance
The Post Office's Lifestyle Protection policy is provided by major French-owned insurer Axa. Like all PPI, it pays an agreed monthly sum for a maximum one year in case of accident, sickn...
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