Payment protection insurance (PPI) is a kind of insurance product which insures the loans or credit taken from the bank or other financial institutes. It guarantees the repayment of loan in case the borrower fails to repay the loan due to any reason. Some reasons that may prevent him repay loans can be sudden demise of the borrower, dismissal from job, inability of the borrower to earn money and loss of source of income. There are banks and financial companies that sell PPI to the customers; you can buy it easily and at affordable rates. For more details, you can visit www.mbnappiclaims.co.uk.