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Medical insurance 'a good staff incentive'

May 09 2008

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More employers are using medical insurance as a perk to 'recruit and retain the best quality staff', according to the Association of British Insurers (ABI).

Spokesperson for the ABI Jonathan French says that the private health sector is becoming more attractive to employees and giving them access to these services can make a potential or existing employer more appealing.

In addition, employers can benefit from their staff recovering from any conditions more quickly.

'It's an important thing for [employers] from a productivity point of view and that, of course, has knock-on benefits to the overall productivity of the economy,' French comments.

According to figures produced by the ABI, more than seven million Britons have some level of private medical insurance.

Private medical services provider BUPA has said that in the first quarter of the year, sales of their private medical insurance policies were up 20 per cent on the same period last year.

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