Latest figures from the ABI show private medical insurance policies are on the up
For the first time in recent years, the number of subscribers to personal Private Medical Insurance (PMI) policies has grown year-on-year. Latest figures from the ABI show that in 2006, 1,030,000 people subscribed to personal PMI policies, an increase of 1.8% from 1,012,000 in 2005. Personal and corporate PMI plans now cover 5.9 million UK adults and children.
Commenting on the data, Nick Starling, the ABI’s Director of General Insurance and Health, said: “Private Medical Insurance offers people greater choice of treatment and other services for a wide range of medical conditions and injuries. It also takes pressure off the NHS, so by buying PMI, people are effectively reducing the burden on Britain’s hard-pressed health service.
“PMI bought by companies on behalf of their employees has continued to increase in popularity too, helping to ensure that people can get back to work sooner after illness or injury
Nick Starling, ABI director of general insurance and health
“It is encouraging that more individuals are choosing to buy PMI for themselves and their families. PMI bought by companies on behalf of their employees has continued to increase in popularity too, helping to ensure that people can get back to work sooner after illness or injury.”
