Is PPI The Same As Critical Illness Insurance? 
PPI is not the same as Critical Illness Insurance . PPI -LRB- Payment Protection Insurance -RRB- is taken out when obtaining a large loan or mortgage , and payments may be included with the loan . It is to make payments -LRB- or pay off -RRB- the loan if the insured is unable to work -LRB- or passes away -RRB- . Critical Illness Insurance pays the insured a lump sump if the insured is diagnosed with a qualifying serious illness or health condition . Even if the insured works through treatments , the benefit will be paid to the insured person . 