Payment protection cover will always be offered by the lender, however you don’t have to buy this cover and you may find it cheaper from a standalone insurance provider such as www.britishinsurance.com 

The advantages of taking PPI cover from an independent provider are as follows:

• The insurance premium will not be added to your loan balance and be subject to interest charges at the same rate as your loan.
• You pay the premium as a separate direct debit from your bank account and are free to cancel it at any time without being subject to any financial penalty.
• You may feel pressured to take out the lenders cover at the point of sale whereas with standalone PPI you are free to make up your own mind if you need PPI in your own time and can select the level of cover that suits your own personal circumstances.
• You can take out standalone PPI cover at any time; it doesn’t have to be taken out at the same time as drawing your personal loan.