The number of Brits taking out private medical insurance (PMI) has dramatically increased in recent years according to consumer website fool.co.uk.

Additionally, the Association of British Insurers (ABI) said the number of people covered by PMI in 2007 broke the 7 million barrier.

Individuals have sought health insurance privately, and businesses have also wised up to the demand for PMI. Many companies now offer private health care as a benefit for employees.

Bupa suggests this trend will continue in 2008. It reports that there has been a 20% increase in sales in the first three months of this year despite widespread belt-tightening.

If you’re concerned that you might not get the care you need from your local hospital, PMI might buy you some peace of mind.

But fool.co.uk says that while people should be able to get the treatments they need on the NHS, there is no guarantee that they will get them straightaway. At the same time, PMI could cut down the waiting time. The website says that there are also some drugs the NHS won’t approve, which are available to those who opt for private care.

The price of PMI can start from around £12 per month (£2.77 a week), though £30 per month might be a more reasonable estimate, depending upon age and health.