Your Payment Protect plan does not cover events that occur after the original loan term has ended. This is because the fee you have paid is calculated on, and covers only, the original loan term.
This means that if the term of your loan is extended for any reason, such as following an unforeseen hardship application, you have cover only for events occurring during the original loan term.
Note that if you opt for Harmoney Top Up, that does not count as extending your loan. Harmoney Top Up means your original loan is paid off and a completely new loan is written for a new amount. Your Payment Protect does not automatically renew with Harmoney Top Up. You can decide if you wish to include Payment Protect on your new Top Up loan when you apply.