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Committed Payments

committed payment

A variation of PPI that is not linked to any underlying loan and that can be tailored to match individual consumer needs.

 

 

Consumer Benefits

    Allows consumers to extend the concept of payment protection insurance beyond loans and mortgages to other household outgoings such as utility bills, savings plans or other household expenses and regular insurance premiums such as life, pensions, or health insurance

Distributor Benefits

    Helps to protect the financial wellbeing of their customers in an environment of increasing pressure on household income.

Genworth offers following types of coverage:PPI Product Listing

Waiver of Premium
  • Our Waiver of Premium product pays customers’ insurance premiums, pension contributions or savings plans if unable to work due to an accident, sickness, disability or involuntary unemployment for up to 12 months or until returning to work.
  • It provides customers with reassurance that contributions will continue without interruption even if circumstances change temporarily. No medical underwriting is required.

Expense Protector
  • Our Expense Protector helps customers to cover regular household expenses, such as council tax and utilities, if unable to work due to accident, sickness, disability or involuntary unemployment for up to 12 months or until returning to work.
  • It provides customers with reassurance to pay bills and maintain standard of living. Monthly tax-free payments are paid directly into the customer’s bank account. No medical underwriting is required.
Customer Service
contact us Phone 020 8380 3000†
†Monday to Friday, 9am - 5pm
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