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62 per cent of HNW have PMI – survey

Sixty-two per cent of high earners in the UK have private health insurance, with 36 per cent saying avoidance of waiting lists as the reason for taking the product, according to research from Lloyds TSB Premier Banking.

Only one per cent said private health insurance does not offer good value for money, and eight per cent adopt a pay as you go approach, preferring to pay for medical treatment as and when needed.

Lloyds TSB Premier Banking managing director Mark Cheshire says: “High earners appear to be increasingly turning to private health insurance as a necessity for their lifestyles. Not only do they appreciate the ability to have quality care but they put the ability to choose when and where they are treated at the top of their list.”

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