Group PMI

Category: Health benefits · Reviewed by Matt Bartlett, Director · Founder · Last reviewed 2026-06-10

Group PMI is the standard UK market abbreviation for group private medical insurance. See the principal entry, group private medical insurance, for the product, cover scope and tax treatment under the Income Tax (Earnings and Pensions) Act 2003.

Category: Health benefits Also known as: Group private medical insurance Related concepts: Group private medical insurance, Healthcare cash plan

Definition

PMI = private medical insurance. “Group PMI” denotes the employer-sponsored, multi-life variant. The term is used interchangeably with “group medical cover” and “corporate health insurance”.

Legal / Regulatory basis

See group private medical insurance. Regulated under the FCA Handbook ICOBS.

Scope of cover

See group private medical insurance. Standard in-patient and day-patient cover, plus optional outpatient, mental health, dental and optical.

Practical example

An HR director writes “we are tendering our Group PMI scheme”; the intermediary understands the brief covers private medical insurance.

See also

• Group private medical insurance
• Healthcare cash plan
• Employee assistance programme

References

1. Association of British Insurers, UK Health Cover Statistics 2024
2. Financial Conduct Authority, FCA Handbook, ICOBS — https://www.handbook.fca.org.uk/handbook/ICOBS/

This entry is part of the Apex Insurance Wiki. Last reviewed by Matt Bartlett on 2026-06-10. Next review: 2026-12-10.

Apex Insurance Brokers Limited. Authorised and regulated by the Financial Conduct Authority, FRN 724952. Registered in England and Wales, Companies House 07014570. This entry provides general information about UK insurance concepts and is not regulated advice. Consult your insurance broker on your specific position.