Paymentcare MPPI

Paymentcare provides uncomplicated cover that offers financial security if your customer cannot work. This could be through accident, sickness or involuntary unemployment or leaving work to become a carer for an immediate family member.

We also provide cover for those suffering from stress and back-related ailments and offer additional services to help your clients get back to work.

Our high quality Paymentcare features:

• Customers can choose accident, sickness and unemployment cover (including carer cover) or accident and sickness cover

• Provides cover for mortgage payments, life assurance and insurance premiums and essential bills, including groceries

• Offers your clients a choice of monthly benefit level - from £100 up to 50% of their gross monthly earnings or £2000, whichever is the lower

• Doesn't exclude cover for claims as a result of stress or back-related ailments (subject to standard medical evidence)

• Provides a valuable Back to Work advice service

• The 60 day initial unemployment exclusion period will be waived if Paymentcare is taken out with a new Abbey Mortgage or within 30 days of completion of a new Abbey Mortgage

Eligibility criteria

 Customers must:

• Live in the UK
• Be aged at least 18 and under 65
• Be in paid work at least 16 hours per week and have been so for at least six months
• Be paying or about to pay a mortgage provided by Santander UK plc
• Be up to date with their mortgage repayments if they have an existing mortgage

Your customers will only be eligible to apply for this insurance within the first 30 days of the date when their mortgage provided by Santander UK plc completes.

Cover is subject to terms, conditions, restrictions and exclusions.

Download our Paymentcare sales aids.

Refer to the policy document for details.

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