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UK’s mis sold PPI crisis is actually very simple, but very deceitful. Based on consumer behavior, a consumer only purchase an item whenever they need or desire them. Being so, insurance are something that people both need for the future. However, consumers still have the choice to decide against or go with purchasing the insurance policy. An insurance policy is very useful. Even if it might be initially expensive, it can guarantee you useful benefits in the future. But you wouldn’t purchase an insurance policy that you can’t make use of. However, with the abusive sales methods of bank representatives, millions were mis sold PPI in the UK.

PPI is actually a beneficial insurance product. It provides you one year’s worth of loan repayments in the event you find yourself in financial trouble having to recover from accidents or sicknesses. Such scenarios will need you to take time off from work. If you get unemployed during your loan repayment period, the insurance can provide for your loan repayments. The PPI requires that the customer purchased the insurance in perfect health, having a stable job and within the claiming age to receive all their benefits.

Bank representatives and other financial advisers working on a commission basis proved to be instrumental in the mis selling of PPI policies. Deceiving their customers, they first present the insurance as something that can improve the financial status of their customer. Trusting that their financial advisers are telling the truth, they tell them to go ahead with the purchase. Having sold the highest-priced financial product they have, the financial advisers actually have customers paying thousands for an insurance policy they don’t have any use for.

Making a PPI claim guarantees that you can get back all the repayments you deserve from a mis sold PPI. However, it takes much time and effort to make an effective claim. If you are about to make your claim, make sure to consult with claims experts to avoid any legal problems later. PPI claims handling companies can help you make your claim if you don’t have the time to make a claim by yourself.

Tags: claim back PPI, payment protection insurance, PPI, ppi claims, PPI reclaim

China’s space program has successfully delivered a woman and two men on board an orbiting module last Saturday. The crew of three are tasked to work within the orbiting module for a week or even more. The space capsule Shenzou-9 lifted off at exactly 6:37 AM from the Jiuquan Satellite Launch Center in Gobi Desert. In 10 minutes, the capsule was airborne and has successfully entered orbit.

The first woman from China to be sent to outer space, Liu Yang, 33, traveled to the orbiting space station with veteran astronaut and commander Jing Haipeng, 45, and fresh astronaut Liu Wang, 43, are to dock a spacecraft that carries a prototype space laboratory last year. These efforts are to build a future permanent space station for China. While not all of them have travelled to outer space, they are all experienced pilots and officers in the Chinese Air Force.

Liu Yandong, the only woman in the Chinese Politburo, was also present as the first woman from China took off into orbit to the orbital module on Saturday.

The Chinese state central television broadcast the taking off of the Shenzou-9 space capsule. The Chinese counterpart of Twitter, named Weibo, made the space launch a trending topic. Thousands on the microblog service ‘hashtagged’ the Shenzou-9 launch. Based on the populace’s feedback, everyone was impressed, excited and astonished about the space mission, posting about their excitement in their Weibo accounts.

Source: MSNBC

Tags: china, china first woman outer space, china space mission, china space program