The ABI has reached an agreement with the British Medical Association (BMA) on the level of fees for doctors who complete medical reports for insurance applicants.
GP reports are most frequently requested by insurers in order to assess applications for protection, critical illness and life insurance policies, said the ABI.
From 1 July 2004, the fee for completion of a general practitioners report will rise by £5 to £65.
The fee for a supplementary report will rise from £15.75 to £16.50, and the fee for a medical examination carried out by the applicant's own GP rises from £66 to £71.
ABI head of health Richard Walsh said: “These new fees are reasonable and reflect the work involved for doctors in completing medical reports for insurance purposes and the recent rise in GP remuneration.
“They are supposed to be helpful guidance from the BMA for doctors on how to complete the reports and continuation of the 20-day target for issuing reports.”
