Public encouraged to take up PMI
by Richard Kilner
Story link: Public encouraged to take up PMI
Independent broker Perkins Slade has declared that there is no better time for people to consider taking out private medical insurance (PMI). Perkins Slade has cited the decision of Health Secretary Andrew Lansley to scrap the NHS targets to see a family doctor in 48 hours and the 18 week treatment period. This year the [...]
New industry standard for PMI authorisations
by Gill Montia
Story link: New industry standard for PMI authorisations
The British Insurance Brokers’ Association (BIBA) and the Association of Medical Insurance Intermediaries (AMII) have launched a new industry standard template for private medical insurance (PMI) authorisations. In addition to introducing a standard review period of 90 days, the new form clearly establishes the options a customer has in dealing with a new intermediary or [...]
BIBA gets to work on PMI tax issues
by Gill Montia
Story link: BIBA gets to work on PMI tax issues
The Healthcare Focus Group of the British Insurance Brokers’ Association (BIBA) is to set up a working group to examine the issue of personal taxation and Private Medical Insurance (PMI). Tax concessions for the over 60s and how the removal of concessions have impacted on PMI sales will be included in the review and the [...]
Bupa reports 1% rise in pre-tax profits
by Richard Kilner
Story link: Bupa reports 1% rise in pre-tax profits
Bupa has announced its unaudited financial results for the first six months of the year, which show the firm saw revenue rise by 26% to £3.38bn. Pre-tax profits increased marginally, up 1% to £163.8m. Cash flow from operating activities surged by 74% to £328.2m, and the number of customers remained broadly the same at 10.3m. [...]
Private Medical Insurance defies the recession in 2008
by Richard Kilner
Story link: Private Medical Insurance defies the recession in 2008
The Association of British Insurers (ABI) has revealed that 2008 saw an increase in the number of people covered by Private Medical Insurance (PMI), despite the recession. Last year 6.2m were covered by either personal or corporate PMI, with another 1.1m covered by Healthcare Trust arrangements. The total of 7.3m covered marks a 2.7% increase [...]
BCWA: Britons need educating on benefits of PMI
by Gill Montia
Story link: BCWA: Britons need educating on benefits of PMI
Health insurance provider, BCWA, has concluded that the insurance industry is failing to provide people with clear information about the benefits of private medical insurance (PMI). Recent research by the firm found that 83% of people surveyed could see themselves using savings (44%) or borrowing money (39%) to pay for one-off private medical treatment, rather [...]
AXA launches PMI policy for under 18s
by Gill Montia
Story link: AXA launches PMI policy for under 18s
AXA has launched a private medical insurance (PMI) policy designed for children. The group’s First Healthcare plan provides cover for children and young people up to the age of 18. Existing PMI family policies do cover children but this new policy is believed to be the first of its kind because the premium reflects the [...]
Corporate PMI cover lacks clarity on cancer cover
by Gill Montia
Story link: Corporate PMI cover lacks clarity on cancer cover
Private medical insurance providers (PMI) have been criticised for being less than clear about the cover they provide for members of company health insurance schemes who develop cancer. Employee benefit consultant Mercer and charity Cancerbackup, have examined the corporate medical insurance offered by 11 leading UK PMI providers for transparency and clarity in the terms [...]
