ABI buyers' guide warns of above inflation PMI price rises


The ABI has published a guide for people considering buying private medical insurance (PMI).

It is designed to help potential customers understand the benefits of PMI, why people buy it and how it works, including the likelihood of above inflation price rises This warning comes in the section addressing the question of premium increases. The guide noted that: "Even with the wide range of PMI policies available, it is likely that whatever policy you choose your premiums will rise above the rate of general inflation." It then cites the reasons for this including advances in diagnosis, new and more expensive drugs and surgical technologies. Intermediaries are referenced as a...

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