• Get Life Cover worth Rs.1 Crore at Rs.17 per day2 – Bajaj Allianz Life Smart Protection Goal

  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

  • Here's a Comprehensive Tool To Plan Your Child's Future

  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

  • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

  • Paying your Renewal Premium is Quick and Easy!

  • Know the right amount of Insurance you need in just a few steps!

  • Avail Term Insurance Tax Benefits under Section 80D

  • Know how to invest money during the covid-19 pandemic!


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Upto 12% Discount* on first year premium




* T&C apply | BJAZ-WB-EC-04701/23


*5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. | 5% Discount for salaried customers, applicable only on first year’s premium. | 1% Discount on online purchase is available for regular premium payment and limited premium payment frequency. | 1% Discount will be available for all policies where premium payment is under auto-debit process (as allowed by RBI from time-to-time) through-out the premium paying term.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116.


*5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. | 5% Discount for salaried customers, applicable only on first year’s premium. | 1% Discount on online purchase is available for regular premium payment and limited premium payment frequency. | 1% Discount will be available for all policies where premium payment is under auto-debit process (as allowed by RBI from time-to-time) through-out the premium paying term.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

The Impact of Your Health on Your Life Insurance Premiums

Things like taking care of your health and practising a healthy lifestyle have many benefits, some of which may be experienced by the strength and energy you feel in your everyday life. As per the data published by World Health Organisation dated 29 April, 2020, a healthy diet can help protect against serious non communicable diseases such as cancer, diabetes, stroke, and heart ailments1.

However, did you know that good health may also bring you financial advantages if you purchase life insurance? When a healthy individual buys a life insurance policy, the premium they pay may be lesser as compared to an unhealthy individual. This may make you wonder: how does your health exactly impact your life insurance premiums? Let's understand the details.


Health Factors Affecting Life Insurance Premiums


When a life insurance company initiates the process to calculate the premium of a buyer, there are several factors they take into consideration. One of the important factors life insurance companies consider is the health of the buyer. The reason behind it could be attributed to the direct impact or risk of health status of an individual on their life.

If a person is suffering from multiple illnesses, then they may have a higher mortality risk to their life. In such a case, the insurance company may have to bear more risk, which may impact the life insurance premiums.

To gauge the overall health condition of the buyer, the insurer looks at certain aspects, such as:


• Pre-Existing Conditions


If the individual is already diagnosed with/is suffering from certain health conditions, then those can be referred to as pre-existing diseases. This is one of the vital factors affecting life insurance premiums. Common pre-existing diseases includes diabetes, high blood pressure, obesity, heart ailments, and so on. The presence of these diseases may impact the premiums the individual has to pay.


• Smoking/Drinking habits


Smoking can substantially increase the risk of developing lung cancer and may lead to other health problems2. It is one of the reasons, why, at times, you may be asked about your smoking habit when you use a life insurance premium calculator. Excessive drinking, has also been linked to liver and renal failure in addition to other health problems3. Thus, if an individual has a habit of smoking or drinking excessively, then the premiums they have to incur may be impacted.


• Family Medical History


Insurers may check the family medical history of the insured person/s so that they may get an idea of the genetic illnesses/health disorders, if any, that run through the family. If there is indeed such a genetic condition, the insurer may take a call on premium loading, if required.


• Medical Test Results


When looking at how your health impacts your life insurance premiums, consider the results of the medical test conducted for life insurance. While applying for life insurance, you may have to undergo a medical test. The results of the medical test help insurers get an idea of your underlying health conditions.

Usually, these medical tests may include CBC (complete blood count), fasting blood sugar levels, liver and kidney function, and so on4. If you have disclosed a certain illness or a genetic inclination towards it, additional tests may also be carried out.

These are some of the health factors that may affect your life insurance premiums.

One important concept that should be explained here is that of “utmost good faith”. The principle of “utmost good faith” states that both parties in an insurance contract (i.e., the insurer and the insured) must disclose all required facts truthfully before the policy is issued. Hiding or misrepresenting any crucial facts may be detrimental when a claim is raised. This applies not just to health conditions, but also to other relevant factors.


Other Factors Affecting Life Insurance Premiums


Now that you may have understood how your health may impact your life insurance premiums, it is also pertinent to look at other factors that come into the picture.


• Age


The age factor is somewhat related to the health factor, since younger people may be relatively healthier than their older counterparts. As people age and enter their 50s or 60s, they may become more vulnerable to illnesses. Hence, they may pay a higher premium for their life insurance policy.

A quick tip: Individuals may also benefit from enhancing their life insurance coverage by opting for riders like critical illness rider at nominal extra premium. In the event of the diagnosis of a covered critical illness, the rider provides a lump-sum pay-out, which may help the policyholder deal with the costs of medical treatment.


• Gender


When looking at how factors other than health may impact your life insurance premiums, the role of gender should not be overlooked.

As per reports and studies, women tend to live longer than men. This may be attributed to scientific and biological factors as well as certain lifestyle choices and cultural practices5. Regardless, the larger life expectancy for women means that they may bear a lower risk to their life within a certain period of time. This may lead to them receiving a lower premium quote as well.


• Occupation


What role you play professionally may also have an impact on your life insurance premiums. If you work in a domain/region where the risks to life are high, such as in the mining/oil/gas industry, or at a construction site, your life insurance premium may be affected. The underwriting principles of the life insurance company play a major role in determining the premiums. Additionally, the weightage of each factor in the premium calculation also depends on the insurer.





1. Can smokers buy life insurance?


Yes, a smoker will be able to purchase a life insurance policy. However, the premium they have to pay may depend on their health condition as well as other relevant factors.


2. Are people with diabetes eligible for life insurance coverage?


Yes, people with diabetes are eligible for life insurance coverage. When a diabetic individual applies for a life insurance policy, the insurer may ask for information regarding the type of diabetes, any ongoing treatment, the date of diagnosis, and so on. Based on the data received, the insurer may draft an appropriate life insurance policy.


3. How to get affordable coverage under a life insurance policy?


While some factors affecting life insurance premiums may be out of your control (such as age, gender, or genetic inclination towards illness), some may be within your power. One of the way through which you may get affordable coverage is by considering practising a healthy lifestyle, avoiding harmful/unhealthy choices like smoking and drinking, exercising regularly, eating well, among others.






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##Our policy covers COVID 19 claims subject to policy terms and conditions being met

3Discount is available for regular premium and limited premium payment frequency under all variants of this product.

2Above illustration is considering Male aged 25 years | Non-Smoker | Life Cover Variant | Policy term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | medical rates | Annual Premium Payment Mode | Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.

In this policy, the investment risk in investment portfolio is borne by the policyholder. Investment in ULIPs is subject to risks associated with the capital markets. The policy holder is solely responsible for his/her decisions while investing in ULIPs.

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

*Individual Claims Settlement Ratio for FY 2021-2022

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.

The views stated in this article is not to be construed as investment advice and readers are suggested to seek independent financial advice before making any investment decisions. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on carefully before concluding a sale.