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Corporate PMI sales up says ABI

Private medical insurance is proving increasingly popular despite the record sums poured into the NHS by the Government as UK businesses continue to provide corporate private medical insurance for their staff.

At the end of 2002 over 6.7 million people, 11.4 per cent of the UK population, had private medical insurance either through their employer or an individual policy.

And the ABI has recorded a 27 per cent increase to £2.6m from £1.9m in the corporate sector over the five years to 2002.

The ABI points out that the rise in corporate schemes has undoubtedly reduced the demand for individual policies, but says that even in this area the trend is for stability in the number of policies rather than decline.

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