Lloyds stopped selling PPI through its Lloyds TSB, Halifax, Bank of Scotland, Cheltenham & Gloucester and Black Horse brands with effect from July 23.
The bank will honour PPI applications on loans and credit cards until July 31, and on mortgages until November 20 but is no longer receiving new applications.
A spokeswoman from Lloyds says: “Lloyds Banking Group has withdrawn its PPI products across all brands and channels. This move reflects the uncertainty around the regulation of PPI sales and processes. The group believes further changes in regulation will make it uneconomic to continue to offer these products in their current form. The Competition Commission ruled in May that it would continue with its plans to ban point-of-sale PPI.
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