Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 17th of July 2018
October 4, 2007

ABI revises PMI guidelines

by Gill Montia

Story link: ABI revises PMI guidelines

The Association of British Insurers (ABI) has published new medical insurance guidelines, aimed at giving consumers a better understanding of products.

The changes should ensure that PMI customers can understand what policies do and do not cover. They will also help consumers compare the products offered by different companies.

Definitions of medical terms used in all Private Medical Insurance (PMI) policy documents and information have been updated and new guidelines have been included to explain PMI cover for cancer.

Cancer has been singled out for special consideration because it is a complex disease that does not always fit into the standard categories of “acute” or “chronic” illnesses.

In revising the definitions, the ABI has worked with both industry representative and the charity, Cancerbackup, which has been campaigning for greater clarity with regard to PMI cover for cancer.

According to Nick Starling, the ABI’s Director of General Insurance and Health, “PMI provides valuable cover for around six million adults and children in the UK”.

 

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