PPI claim definition
PPI claim means a claim relating to the selling of payment protection insurance (whether it concerns amounts paid by the policyholder or otherwise).
Examples of PPI claim in a sentence
To submit a claim for PPI Clinical Interventions and/or DAAs, refer to the How to submit a PPI claim on the 5CPA Registration and Claiming Portal user guide for a step-by-step reference guide to submitting your claim for payment.
For example, a PPI claim with a refund of £1,000 would incur costs of £240 for PPI (£200 plus VAT at the current rate of 20% = £40) or £300 for other types of claim (£250 plus VAT at the current rate of 20% = £50).