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PMI costs rising

The cost of private medical insurance is increasing as more individuals are claiming on their policies, with individual premiums increasing by 5 per cent a year, a survey shows.

And the PMI market may be approaching saturation as the number of individuals with cover has only risen by 3 per cent to 6.2m in 2000 from 6 million in 1995, according to the survey by market analyst Datamonitor.

Datamonitor says the ageing UK population and NHS waiting lists is forcing up the number of claims.

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