Well the answer to this question, subject to the small print in the contract, should be yes!
Personal Protection Insurance (PPI) was designed to protect your payments if you are made redundant, so check your policy now.
Pay special attention to when the policy will start to pay and the conditions. Some may only start to pay after any payment in lieu of notice (PILON). So they expect you to continue to pay to the amount of time PILON was given.
Example, you received 3 months PILON – they may not accept any claim under PPI until the end of the 3 month period.
PILON therefore, while nice to receive it as part of your final pay, may have an impact on when any PPI claim can be made.
Always check the policy and more importantly the small print.