Private medical insurance premiums increased by over 50% between 1997 and 2002 while policy take-up ...
Private medical insurance premiums increased by over 50% between 1997 and 2002 while policy take-up fell by an eighth in that same time, suggests the latest findings from Datamonitor. Analysis of financial services policy sales in the health market indicate - in UK health Insurance 2003 report - that the average cost of individual PMI policies has increased by 54% in five years to 2002. Around 6.7m people held PMI policies at the end of 2002, thanks mainly to the group protection market, yet there were 257,000 less people (12%) covered by an individual policy last year so the mark...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes