Nearly 7 million adults in UK have private medical insurance: Broadstone

Three quarters held cover through employee benefits

Jaskeet Briah
clock • 2 min read

Analysis by Broadstone has found that the number of adults with private medical insurance (PMI) has increased by one million over the past five years.

The independent consultancy analysed data from the Financial Conduct Authority's (FCA) Financial Lives Survey, published in July, and found that 13% of adults have PMI cover, equivalent to 6.9 million people. Of those with a PMI policy, three quarters (76%) held cover through an employee benefits package, while 19% of workers were self-funding. Adults aged between 35-44 and 45-54 years old had the highest level of coverage, both at 22%. Brett Hill, head of health & protection at Broadstone, commented: "The FCA's research paints a helpful portrait of the PMI sector and shows its imp...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on PMI

Diagnostics top PMI claims: Howden
PMI

Diagnostics top PMI claims: Howden

42% of policyholders claimed on PMI

Jaskeet Briah
clock 26 January 2026 • 2 min read
Record Q4 for PMI: Healthcode
PMI

Record Q4 for PMI: Healthcode

11.8m invoices generated

Cameron Roberts
clock 22 January 2026 • 1 min read
NHS waiting list down to 7.31m
PMI

NHS waiting list down to 7.31m

One of the largest drops in past 15 years

Cameron Roberts
clock 15 January 2026 • 1 min read