The Association of British Insurers (ABI) does not sell Insurance. To clarify, they speak on behalf of the UK insurers and provide consumers with general information on insurance and savings products and services.
The ABI was formed in 1985 and is funded by its member’s subscriptions. The ABI has over 250 member companies which accounts for over 90% of the UK Insurance market.
The market for Health Insurance in the UK is vast, offering different cover levels, benefits and premiums. The ABI have produced a guide for people looking to buy Health Insurance policy. On this basis, they give you essential guidance in what could otherwise be a complicated insurance sector.
The ABI Health Insurance Explained guide includes:
- Understanding what you are buying
- What is Private Medical Insurance
- What is a Cash Plan
- Types of policies available
- Underwriting options
- What is not covered
- How an excess works
- Making a complaint
- Switching provider
- What do I need to remember
- Making a Claim
The document is 16 pages in total and you can download it directly from the ABI website. The information provided gives you valuable information which can assist you in making an informed decision. Above all, The ABI want to make sure that you have clear and transparent information before you buy a policy. After all, when you are spending money on a policy you need to be able to use it.
At SMP Healthcare Ltd we work closely with our clients to ensure they are aware of what their policy covers however, we would recommend that the ABI Health Insurance Explained guide is used as an excellent source of reference.
The ABI guide can be downloaded here:
https://www.abi.org.uk/products-and-issues/choosing-the-right-insurance/health-insurance/
If you are looking to buy a Private Medical Insurance policy and would like to work with an Independent broker then SMP Healthcare Ltd would be happy to help you. You can contact us by telephone on 01245 929129 or email enquiries@smphealthcare.com where one of our team will be there to help you.