Know the best term life insurance products offered by top insurers in the country for those categorised as smokers. Listed below are the preferable plans, plus the penalty for giving incorrect information to the insurer - whether one is a smoker or not.
Individuals who have an addiction to smoking can avail of term insurance policies specially designed for smokers. Smokers looking to avail of term insurance are required to provide the insurance company with all relevant information regarding their smoking habits.
In general, most insurance companies have differentiated smokers by placing them into three separate categories:
Of these categories, typical smokers are considered to be ones with small health issues while preferred smokers are generally considered to be fit. However, table rated smokers are considered to be ones with notable physical issues. Premium given out to smokers are typically higher than regular insurance premiums due to the higher level of risk involved.
While term insurance for smokers differs from company to company, these are some of the general features of these policies:
The following are some of popular and affordable term insurance plans for smokers:
Effects of not Providing Correct Information
Clients withholding information regarding their smoking habits as well as state of health could face the charges below:
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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