Is Critical Illness Insurance A PPI? 
A Critical Illness Insurance policy is not the same as a PPI -LRB- Payment Protection Insurance -RRB- policy . With Critical Illness coverage , the person who has the policy will collect a cash benefit if he/she suffers one of the serious illnesses listed on the policy . With PPI , loan payments will be made to a lender if the person on the policy is unable to work due to illness , injury , or job loss . 