It is a well-known fact that smoking is injurious to health and it can have a negative impact on the quality of your life. Smoking is the root cause of more than 30% melanoma deaths and it puts you at a high risk of a heart attack. As of April 2017, Asia had about 12% of the world’s total smoking population. There is a rise in the number of smokers in the country and this is not a good sign. The government has banned smoking in public places due to serious public health challenges but there has not been a significant decline in the number of smokers in the country. Smoking leads to a short life expectancy and increases health risks, which is why you need term insurance.
When buying an insurance policy, it is advisable to never hide the fact that you are a smoker. It will help you cover the smoking-related risks to your health. Not many are aware of the fact that smoking can have an impact on your life insurance policy.
How smoking will have an impact on your life insurance policy
Whether you are a regular smoker or an occasional smoker, for the insurance policy, you will be considered as a smoker. You might have to go through a health check-up in order to help the insurance provider determine the aspect of risk and fix your premium. Smoking leads to a threat with regard to the risk of heartache pressure. It can lead to critical ailments like high blood pressure and fungal attacks. It could hurt your lung capability and could enhance the chances of chronic bronchitis. Smoking could lead to gum infection and enamel reduction. It can also cause melanoma, which is a type of cancer that is caused because of smoking since a long time.
When it comes to the term insurance plan, you will be charged about 20% more by the insurance companies as compared to non-smokers. You will also have to take additional medical tests. Further, your premium amount will be higher because you are at a higher risk of diseases or illnesses.
If you are a regular smoker and are wondering whether you will be able to get an insurance policy or not, you need to ensure that you make clear and honest disclosure about everything. You need to state the number of years since you have been smoking. The insurance company will carry out the necessary procedure and assess the danger associated with your profile. The conditions and the amount of premium will be determined after that. You might also have to go through a waiting period to cover the pre-existing diseases. If you have a critical illness and want immediate coverage, you might have to pay higher for the same.
Thus, it can be rightly said that smoking not only has a negative impact on your quality of life but also has a huge impact on your insurance policy.