More than half of consumers want healthy behaviour to affect premium

Adam Saville
clock • 1 min read

Research from VitalityHealth also reveals that 78% of PMI holders would increase physical activity to reduce policy costs

Age, medical history and healthy behaviour are things that insurers should take into account when pricing and renewing premium, a survey of over 1,000 PMI policyholders has found. According to the research, 53% of consumers want their diet and levels of exercise to be considered when premium is calculated, while 64% said that age was the most important factor. Medical history (60%) was the second most important consideration and 48% pointed to policy claims history. More than three quarters of those surveyed hinted they would attempt to live better to bring down their premium, a fi...

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

General and Medical Healthcare joins amii
PMI

General and Medical Healthcare joins amii

PMI provider

Jaskeet Briah
clock 04 November 2024 • 1 min read
Benenden Health names Tom Woolgrove as CEO
PMI

Benenden Health names Tom Woolgrove as CEO

Former CII president

Jaskeet Briah
clock 29 October 2024 • 1 min read
Societal ageing and climate change adding to healthcare challenges
PMI

Societal ageing and climate change adding to healthcare challenges

AXA research shows

Jaskeet Briah
clock 14 October 2024 • 2 min read