Few people may have some doubt about the fact whether the money they are paying on monthly basis for any insurance or protection policy is worth it or not. The same question can rise with the premium of a PPI claim. Generally, the value is determined by several considerations. Even it depends on the status of the policy holder. The actual target for which this policy is designed is worth of the monthly premium but the growing graph of mis-selling raises the situation to judge and think twice before purchasing the plan. Such situations keep people from getting the benefits out of the policy.
The main problem is that the battle begins after the case of mis-selling is between a high profile banking institution and normal people. Majority find the hectic process to reclaim PPI quite appalling. Actually, most cases of mis-selling show that this happened just because of a wrong conception given by the representatives of any organization about the “compulsory” factor. There is such clause related with this policy that this is a compulsory factor with any other loan. Such complicated terms and conditions make people fear and they do not want to pursue anymore.
Nobody can deny the fact that this is well designed and it really fulfills the actual need and requirement of every individual to make the dependents secure for any kind of turmoil from the financial perspective. It makes people completely secure for a certain time to get over the trauma of any sudden incident.