Record numbers taking out PMI cover - ABI

clock

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...

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

Join

 

Already a Professional Adviser member?

Login

More on Protection

Consumer Duty: Two years on – the protection impact

Consumer Duty: Two years on – the protection impact

Impact on the market and next steps

Jaskeet Briah
clock 01 August 2025 • 5 min read
Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

'Listening to younger people is as refreshing as it is challenging. But ignoring it isn't an option'

Kevin Carr
clock 24 July 2025 • 4 min read
Group life cover excluded from IHT liability

Group life cover excluded from IHT liability

HMRC decision on protection and inheritance tax

Cameron Roberts
clock 23 July 2025 • 2 min read