If you did and you claimed it would be owed to your creditors as it is classed as and asset.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
An IP would rarely offer a product that included PPI, although I believe some used to offer a policy to cover IVA payments (whether that had PPI built in, only they can tell you).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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If you are posing this question with the hope of getting some PPI refund if you now claim, then I am afraid you would see non of it. All PPI refunds are payable to your IVA supervisor if you were in or are in an IVA. If you do proceed down this route be aware that if you use a claims company you will be responsible for their fees as your supervisor will not allow them a cut no matter what the agreement was with you, this could throw you back into debt.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues