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Payment Protection BOI

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  • 29-05-2009 5:46pm
    #1
    Jet Black
    Registered Users Posts: 3,845 ✭✭✭


    Got a loan out with BOI couple of years ago owe roughly 3k.
    I lost my job on wednesday. The company I was working for closed 4 of its branches and let go six staff. I was working for them for 7 months. I was not made redundant just let go because the work was not there.
    I was checking through my old bank records and found the loan application, I did not even realise I took out PPI on the loan.
    The PPI was for redundancy Life and Serious Illness.

    Would any one know if I would be elegible for PPI?

    Thanks


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    #2
    GerardKeating
    Registered Users Posts: 7,650 ✭✭✭GerardKeating


    Mask wrote: »
    I was not made redundant just let go because the work was not there.

    That's kind of the basic defination of redundancy.

    But you need to check the T&C of your policy, it might state how long you needed to have worked for your employer, and might not kick in at the start of the loan,


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