Is Critical Illness Insurance Same As PPI? 
PPI -LRB- Payment Protection Insurance -RRB- is an insurance policy offered in England , Wales , Scotland and Northern Ireland that will make your payments for your large loan or mortgage if you became unable to work due to illness , accident , disability or job loss . It may have a death benefit that will pay off your large loan or mortgage if you die . Critical Illness Insurance will pay you a lump sum upon being diagnosed with some serious illnesses or health conditions . You are then able to use that money to pay for bills , health care , or however you wish . 