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Choosing private medical insurance Choosing a private medical insurance policy

PMI policies are complex so it's best to take independent financial advice to help you choose one.

A good financial adviser will check that your existing finances are in order and will recommend a PMI policy suitable for your needs. However, it’s always good to stay in control and to check that their recommendation fits with your needs.

Another alternative is to speak to a specialist broker. The Association of Medical Insurance Intermediaries (AMII) and the British Insurance Brokers Association (BIBA) will help you find a suitably qualified broker.  

Checklist

Questions to ask your financial adviser

  • What does the policy cover?

  • What are the exclusions?

  • What level of cover is right considering my circumstances?

  • Is there a compulsory or voluntary excess?

  • Does this policy build up a no-claims discount?

  • Should I go for a moratorium or a fully-underwritten policy?

  • Have you checked the whole of the market before recommending this to me?

  • How much commission will you receive for this policy, and how does this compare with other suitable policies?