In every relationship there comes a time where the real value of it is revealed to both parties. Over the last year it seems many holders of individual PMI policies have been weighing that very question up, and as Owain Thomas writes, the answer is increasingly negative
‘We need to talk’ is a phrase that all too often signals an imminent parting of the ways. And that appears to be what many people have said to their private medical insurance (PMI) brokers and providers over the last 12 months. ‘There’s no easy way to say this, so I’ll just come out and say it,’ is another oft used cliché to deliver such tidings, but it is also apt here, because as a result of all those awkward conversations, last year was not a good one for the sector. According to statistics from the Association of British Insurers (ABI), less than one million personal PMI policies ...
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