Army Compensation: Is PPI Advantageous For Army Men?

Civil Servant title will be given to you if you are the member of Royal Navy, Royal Army or Royal Air force. Being civil servant of the country, UK Government takes care of your well being and so they provide coverage in the event of sickness, injury or redundancy.

There are chances that you might have taken some credit from banks or creditors. If you have then you need to know that whether they have sold you PPI that is Payment Protection Insurance or not. The main aim of PPI is to insure repayments which include Army Compensation in case of sickness or injury or some other events. But this is something the UK government is already providing you. Then why would you require this? 
 

Prior to selling PPI banks or creditors should have checked whether this was covered somewhere else or not. But they did not bother and sold you the policy. This actually means that they have mis sold PPI. Due to this there are chances that you might be paying more rather you might be entitled to get repayments and army compensations.

At the time you went to the banks or creditors for credit agreement these banks or creditors should have asked you whether you possess PPI or not. The main reason behind asking this question to you is that they know you are in the armed force. The fact is that they should have not considered you for this policy. This is because it would actually be of no use to you as you are the member of armed force.

In case you are not in the armed force then it makes sense in having PPI. This is because you will not be covered in case of sickness, etc and when you are offered this policy it can prove to be advantageous for you.

When you are given PPI by creditors or banks you would actually be having two PPI Claims which will be working simultaneously. The one that you have with the creditors is actually of no use.

With the above information it would be clear that PPI is not beneficial for you and as you are already been provided with army compensation. Find out whether this is been added to your agreement or not. In case you are planning to take some credit then you need to check this before taking it.