Is Critical Illness Insurance Classed As PPI? 
No , Critical Illness Insurance is not classed as PPI -LRB- Payment Protection Insurance -RRB- . With PPI , the person who got the loan may pay extra for protection in case he/she loses his/her job . The PPI policy will make the loan repayments , or possibly even pay off the entire loan or mortgage if the Insured passes away . Critical Illness Insurance will pay the Insured if he/she is diagnosed with a qualifying illness listed on the policy . This payment can be used to pay off loans or used for other expensees . 