Back to FAQs category About Credit About bad credit Searches on your credit report Your credit card application Using your credit card Managing your account Statements, payments & interest Safety & Security Photocard Secured Card Aspire® Elite Card Mobile App Complaints Payment Protection Insurance (PPI) Subject Access Request Payment Services Directive (PSD2) Payment Protection Insurance (PPI) What is PPI and do I have it? Payment Protection Insurance (PPI) is an optional insurance policy sold alongside your Capital One credit card to help you ensure your repayments can be made in the event of an accident, sickness, unemployment or death. If you have a live PPI policy, you'll pay a monthly premium on your outstanding balance, which you'll be able to see every month on your statement. If you're having difficulty locating your policy premium on your statement and are still unsure if you have PPI, please use our PPI checker. PPI is no longer being sold to either new or existing customers. All of Capital One's existing policies are underwritten by AXA Insurance. What does PPI cover? PPI policies vary depending on when you took the policy out and your age but the main benefits subject to exclusions are: Life cover Accident and Sickness cover Unemployment cover Critical Illness cover Hospitalisation For a copy of your individual policy document, you will need to contact us on 03444 815 834. How do I make a claim? You can call AXA Insurance directly on 0345 601 9648 and their expert claims team will help you through the process. To make the claims process quicker and easier it would help if you had the following information to hand when calling: Capital One credit card number National Insurance number Employer details and employment history Your Doctor/Consultant's name and address (for sickness claims only) We'll continue to report your payment history to the credit reference agencies for the duration of your claim. Once your claim has been settled, we'll review your credit file and make any necessary amendments. If my claim is successful, how and when do I receive the payment? For life and critical illness claims, AXA Insurance will pay your balance at the date of diagnosis of your critical illness, or at the date of your death. For accident, sickness or hospitalisation claims, AXA Insurance will pay 10% of your outstanding balance on the date of the last statement before the commencement of your accident, or sickness, or hospitalisation claim, on a monthly basis. AXA Insurance will pay this until you return to work, for a maximum of 12 months, whichever comes first. For unemployment claims, AXA Insurance will pay 10% of your balance on the date of the last statement before your last day of employment. AXA Insurance will pay this for a maximum of 12 months. Once a claim has been accepted, AXA Insurance will send payments to your Capital One account every 30 days providing evidence has been received to cover that payment period. If you have any questions about the payments, evidence required or progression of your claim, please contact AXA Insurance directly on 0345 601 9648. Do I need to continue making repayments to my account? You need to continue to keep at least your minimum payments up to date on your account, until AXA Insurance has confirmed they have accepted your claim. If for any reason you're unable to do this, please call us. Will making a claim affect my credit file? We will continue to report your payment history to the credit reference agencies for the duration of your claim. Once your claim has been settled we will review your credit file and make any necessary amendments. Why has my PPI been cancelled? We'll automatically cancel your PPI if you're four months behind with your minimum payments, or if you have been issued with a statement of default, as your premiums will not be up to date. Your PPI will also be cancelled if you make a complaint about mis-sold PPI and the complaint is then upheld by Capital One. How do I cancel my PPI? You can cancel your policy at any time by sending us a secure message from your online account. Please be aware that we no longer offer PPI, so if you cancel your policy, you won't be able to take it out with us again in future. How do I make a complaint about PPI? If you're worried about the way PPI was sold to you by Capital One, you can make a complaint. We want to make sure this is as easy as possible, so if you have any questions, call us on 0333 000 1601. Lines are open 8am-8pm Monday to Friday and 8am-3pm Saturday. Calls may be recorded/monitored for training purposes. When you make a complaint directly to us, this will not have a detrimental impact on our relationship with you, nor will it impact your credit score. If your complaint relates to your claim decision with AXA insurance, or the service you have received while making a claim, please contact AXA Insurance. You can write to: Creditor Claims Team AXA Insurance Civic Drive Ipswich IP1 2AN Or you can call: 0845 601 9648 Complaints about PPI must be made before 29 August 2019. You can make a complaint about PPI even if it has been cancelled, or you are no longer a Capital One customer.