Private medical insurance (PMI) complaints to the Financial Ombudsman Service (FOS) increased by 27% last year.
However complaints about income protection (IP) and critical illness (CI) in the 12 months to the end of March remained steady. Although new PMI cases totaled 652, up from 514 in 2009, this was still less than 1% of all new cases received by the FOS, while IP and CI combined accounted for only 1%. IP new cases grew by just 2 to 776 for the year, with CI seeing an additional 8, taking that annual total to 598. A third (35%) of health insurance complaints (which includes PMI, IP and CI) were upheld, an increase of 4% on last year. The ombudsman praised the protection industry as a...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes