A bare necessity?

PMI market changes

Professional Adviser
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As more employees expect PMI as a standard benefit rather than a luxurious extra, companies are viewing it as an essential product to attract and retain staff. Gary Noble explains

There is little doubt that private medical insurance (PMI), as a product, is increasingly seen as essential rather than desirable. This is especially evident among companies wanting to attract and retain top quality staff. In addition, employers appreciate that the wellbeing of their staff is key to productivity. Therefore they are taking an active role in maintaining the health of staff and seeking the benefits to support this. Employees have a favourable view of PMI and many place significant value on its provision as a benefit: in a survey conducted by Employment Today they identified it...

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