Abi and bupa report rising popularity in private medical insurance

A growth number of people are choosing to take out buck private medical insurance, according to the Association of British people Insurers (ABI).

In 2007, more than six 1000000 people had buck private medical insurance(PMI) �" a figure which has not been seen for five years �" with a total of 6,004,000 Brits being covered by either personal or corporate PMI, and a further million being covered though health care Trust agreement.

More than seven 1000000 people in United Kingdom now have buck private health cover, the ABI has said, which coincides with its revised consumer guide on buck private medical insurance, aimed at ensuring that people buy the PMI policy that's right for them.

"It's good news that the popularity of buck private Medical Insurance continues to grow", said Nick Starling, the ABI's manager of full general insurance and wellness.

"Health insurance gives people access to the treatment they need, when they need it, offering greater privateness and good facilities, and reduces pressure on the NHS. And it enables employees to get back to work after unwellness or hurt much more rapidly than they otherwise would.

"This is good for companies and the economic system, and is reflected in the rise in the figure 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 determination and know what their duty are when they take out PMI. The guide sets all this out in clear linguistic communication, helping client through the procedure of pickings out PMI."

Bupa checkup insurance fig also reinforce the ABI's determination, with Bupa experiencing a growth demand last year, which continued into 2008 with a 20 per cent addition on the same time last year, contempt current economic conditions.

Fergus Kee, managing director of Bupa UK wellness Insurance, said: "Our research shows that for 65 percent of Britons, access to clean hospitals is the most important reason for taking out PMI.

"MRSA and general hospital hygiene are clearly top concerns for people. The other top reasons people gave include no waiting, speed of access to specialists and the ability to see the same consultant throughout their treatment.

"And almost three quarters (74 percent) of people with PMI would recommend it to their family and friends. People also tell us that they value the fact that PMI gives them access to drugs and treatments not widely available on the NHS."

According to Bupa's research, PMI comes second only to a corporate pension as a desirable employee befit.

© Fair Investment Company Ltd