ABI calls for government to reduce Insurance Premium Tax (IPT) in light of declining PMI sales
The number of people covered by personal health insurance has dropped to 1.2 million - a fall of nearly 10% over the last four years - latest figures from Association of British Insurers (ABI) have revealed. Meanwhile, the number of people covered by corporate health insurance also fell to 3.5 million (5%) over the same four-time period - during which time the rate of IPT has doubled, from 6% to 12%. Roshani Hill, head of protection and health at ABI, called the gradual tax increases of the...
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