Health insurance increasing in popularity

Thu, 24 Apr 2008

According to recent health insurance news reports, the Association of British Insurers and BUPA have reported increasing popularity of private medical insurance . According to the ABI, more and more people are choosing private health insurance policies .

The figures indicate that 2007 saw over six million people with private medical insurance policies, the highest level in five years. A further million are thought to be covered in healthcare trust arrangements, meaning that seven million people in the UK have private health cover .

Nick Starling, the ABI director of general insurance and health, reportedly commented: "It's good news that the popularity of Private Medical Insurance continues to grow. Health insurance gives people access to the treatment they need, when they need it, offers greater privacy and better facilities, and reduces pressure on the NHS. And it enables employees to get back to work after illness or injury much more quickly than they otherwise would."

Starling reportedly continued: "This is good for companies and the economy, and is reflected in the rise in the number of people covered by corporate policies. The ABI's updated consumer guide will help to improve knowledge of the benefits of PMI . It will also help people make the right decisions and know what their responsibilities are when they take out PMI. The guide sets all this out in clear language, helping customers through the process of taking out PMI."
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