The Association of British Insurers (ABI) has updated its consumer guide on private medical insurance (PMI) as new figures reveal a record number of people have taken out the policies.
The ABI says the guide will help to improve consumer knowledge of the benefits of the insurance – designed to cover treatment for ‘curable, short-term illness or injury’ – and help them make the right decisions when taking out a policy. The number of people covered by PMI broke the six million mark for the first time in five years, the ABI adds. It says that, in 2007, a total of 6,004,000 people were covered by either personal or corporate PMI, with a further 1,136,000 covered through healthcare trust arrangements. It says a total of 7,140,000 people now have some form of private health c...
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