7.6 million Adults Take Out Private Medical Insurance as Health Crisis Drives Rapid Growth in Protection Products
- Written by: iPMI Global
- Category: Breaking News
Analysis by Broadstone of the latest Financial Lives Survey1 from the Financial Conduct Authority uncovers the rapid growth in the take up of health insurance products following the surge in NHS waiting lists.
The data shows that 14% of the UK adult population now hold Private Medical Insurance (PMI), a total of 7.6 million people which has increased from 6.7 million in 2020. Health insurance is most popular among those in the middle of their career with 18% (1.7 million adults) of those aged 35-44 and 19% (1.6 million adults) of those aged 45-54 holding a PMI product.