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ABI launches new PMI best practice guide

The ABI has published a new statement of best practice for the selling of Private Medical Insurance aimed at providing consumers with clearer information about the product.
Director of life and pensions Chris Kenny says the statement comes after a wide consultation with trade associations, consumer groups and medical charities.
He says further work is also underway reviewing the common definitions within PMI policies, including exploring options for improving clarity and the definitions of ‘acute’ and ‘chronic’ conditions.
Kenny says: “PMI is a valuable product, enabling people to receive high quality medical treatment, quickly. We now want to make it easier to understand. Under the ABI’s new statement, customers will be able to compare how different providers deal with different medical conditions, through explanations based on specific case studies.”

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