Thursday, June 4, 2009

Brits opt for private insurance deals


Worried Britons are seeking out private health insurance.The number of Britons taking out private insurance deals has risen over the past 12 months, despite the continued economic downturn.

New research from the Association of British Insurers (ABI) has found that over 6.2 million people were covered by private medical insurance (PMI) in 2008.

An additional 1.1 million consumers had arrangements in place with the Healthcare Trust, taking the total number of people covered by private insurance deals to over 7.3 million.

This marks a 2.7% increase on 2007's figures, with the ABI welcoming the results.

Director general Nick Starling explained that corporate PMI makes sense for both employees and companies.

He said: "PMI is good for companies and the economy because it enables employees to get back to work after illness or injury as quickly as possible."

Research from BUPA released in response to the ABI figures revealed that the top reason for taking out PMI is to gain access to clean hospitals.

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