Payment-Protection Insurance definition

Payment-Protection Insurance means the optional credit- insurance offered to Sterling credit customers to help them make their monthly payments in the event of death, disability, loss of property due to burglary or perils, or loss of work.
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Payment-Protection Insurance. (Ratenschutzversicherung) shall mean either (i) a life insurance (a) including an accident insurance (Ratenschutz-Lebensversicherung mit Unfall-Zusatzversicherung) entered into by a Debtor in respect of the financing of the acquisition of a Financed Vehicle by such Debtor by way of accession to a group insurance agreement (Gruppenversicherungsvertrag) between the Seller in its capacity as insurance policy holder and an insurer which covers the risk that such Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor under the relevant Loan Contract due to such Debtor (1) deceasing due to such Debtor falling victim to an accident or (2) deceasing due to other reasons and (b) including a temporary disability insurance (Arbeitsunfähigkeitsversicherung) entered into by a Debtor who is not older than 60 years at such time in respect of the financing of the acquisition of a Financed Vehicle by way of accession to a group insurance agreement (Gruppenversicherungsvertrag) between the Seller in its capacity as insurance policy holder and an insurer which covers the risk that such Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor under the relevant Loan Contract due to such Debtor becoming temporary disabled (arbeitsunfähig) or (ii) an additional unemployment insurance (Ratenschutz-Arbeitslosigkeitsversicherung) entered into by a Debtor who is less than 55 years old at such time in respect of the financing of the acquisition of a Financed Vehicle by way of accession to a group insurance agreement (Gruppenversicherungsvertrag) between the Seller in its capacity as insurance policy holder and an insurer which covers the risk that such Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor under the relevant Loan Contract due to such Debtor becoming unemployed; in each case (i) the accession of such Debtor to a group insurance agreement
Sample 1
Payment-Protection Insurance. (Ratenschutzversicherung) shall mean either (i) a life insurance (a) including an accident insurance (Ratenschutz-Lebensversicherung mit Unfall-Zusatzversicherung) entered into by a Debtor in respect of the financing of the acquisition of a Financed Vehicle by such Debtor by way of accession to a group insurance agreement (Gruppenversicherungsvertrag) between the Seller in its capacity as insurance policy holder and an insurer which covers the risk that such Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor under the relevant Loan Contract due to such Debtor (1) deceasing due to such Debtor falling victim to an accident or (2) deceasing due to other reasons and (b) including a temporary disability insurance (Arbeitsunfähigkeitsversicherung) entered into by
Sample 1

Examples of Payment-Protection Insurance in a sentence

  • Only such principal cardholders are eligible to participate in the promotion who have Cardif Payment Protection Insurance at the time of crediting of the insurance fee, but did not have such insurance over the 12 months preceding their application, and who do not have any overdue debt in excess of HUF 5,000 and outstanding for longer than 30 days owed to Raiffeisen Bank.

  • Consumers must be given the option of paying for Payment Protection Insurance and other insurances up front, rather than these being automatically offered on credit.

  • The Bank shall credit an amount equaling the first two months’ fee of the Cardif Payment Protection Insurance in lump sum by the 27th of the third month following the setting of the insurance to the same credit card account as was debited by the Bank earlier with the insurance fee amounts.

  • We will debit the cost of the Payment Protection Insurance (including Insurance Premium Tax at the current rate) to Your Account on the relevant statement date unless and until the insurance is cancelled by You in writing.

  • We will provide You with a Certificate of Insurance providing details of the insurers and the Terms and Conditions of the Payment Protection Insurance.

  • In August 2010, the FSA published a policy statement entitled "The assessment and redress of Payment Protection Insurance complaints" (the "Policy Statement").

  • There are providers of Payment Protection Insurance and products designed to protect you against loss of income.

  • Council Tax, water rates, insurance premiums (including Mortgage Payment Protection Insurance “MPPI”) and other associated housing costs (e.g. service charges and ground rent) are not allowable deductions in the financial determination.

  • Provisions are held for UK conduct related matters including the potential mis-selling of Payment Protection Insurance, certain interest rate hedging products and other UK conduct related matters.

  • Where you have taken out Payment Protection Insurance (PPI) or any similar insurance we will process personal information about you and provide this information to the PPI Insurers for the purpose of administration and handling any claims under the insurance cover.

Related to Payment-Protection Insurance

  • Guaranteed automobile protection insurance means insurance offered in

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Dental Insurance The District shall contribute $175.00 annually toward the cost of dental insurance whether for single or family coverage for full status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction. This coverage shall continue for the duration of this contract.

  • Group health insurance coverage means in connection with a group health plan, health insurance