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Payment protect FAQ
How Payment Protect works
Is Payment Protect an insurance product?
Is Payment Protect an insurance product?
Monisha Begum avatar
Written by Monisha Begum
Updated over a week ago

No. This is a repayment waiver and not an insurance product. The agreement is only to waive the right to collect repayments, and does not provide you with additional funds. However the terms of the policy have some similarities to loan repayment insurance.

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