Notifications10

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

    CALCULATE NOW
  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

    WATCH VIDEO
  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

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

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

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

    KNOW MORE
  • Paying your Renewal Premium is Quick and Easy!

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

    START NOW
  • Avail Term Insurance Tax Benefits under Section 80D

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

    READ MORE

Thanks for showing your interest. A representative from
Bajaj Allianz Life will contact you shortly.

Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead

X

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

banne-img banne-img

Upto 11% Discount* on first year premium

calci-img

Calculate Premium

icon-img

*,6 T&C apply | BJAZ-WB-EC-04303/23

×

*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.

6Term plan is a category of Life Insurance

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.

6Term plan is a category of Life Insurance

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

Effect of BMI on Term Insurance

Health plays a crucial role in the calculation of your insurance premiums. It's a no-brainer that healthier individuals are less likely to fall ill or develop chronic illnesses that can shorten their lifespan. Hence, your lifestyle, occupation, prior illnesses, and family history all have a direct correlation to your insurance premiums. In fact, your insurer is likely to request a complete medical examination for you so they can evaluate your current health status. This is applicable to your BMI as well. But what exactly is BMI?

What is BMI?

BMI is short for Body Mass Index. It is a formula that determines a person’s weight relative to his/her height to ascertain whether the person is healthy at a broad level. A good BMI indicator considers the person’s gender, age, height, and weight to determine their body mass index. A normal BMI score tends to lie anywhere between 18.5 and 24.9, indicating that a person’s weight is proportionate to his/her height.2

To calculate BMI, your body weight is divided by the square of your height. Online BMI calculators will do this for your automatically. One’s body’s mass can therefore be determined by how high the BMI comes out to be. One can use a BMI chart top categorize a person into any one of the following classifications1:

  • If BMI falls between 18.5 and 24.9, it is considered as normal or healthy weight
  • If BMI is lower than 18.5, it is considered as underweight
  • If BMI is higher than 25 to 29.9 it is considered as overweight
  • If BMI is higher than 30, it is considered as obese.

Now that we understand the basics of BMI, what is the relationship between BMI and term insurance plans?

Effect of BMI on Term Insurance Premium-

All insurers assess how high your term insurance plan’s premiums will be based on your BMI. If your BMI falls within the normal range, your premium will remain same and not be increased, provided you qualify as healthy in other domains as well. Assuming your BMI comes out to be in the overweight category, your insurer might issue your policy at a higher premium than what you would get at a normal BMI.

Should you buy a Term Insurance Plan if your BMI is high?

Regardless of your BMI, you should assess how much a term plan can benefit your portfolio and the security of your loved ones when deciding whether or not to buy it.

For those with higher than or lower than standard/normal range of BMI scores, while your premiums might be high, your loved ones will be financially protected through a term plan in the unfortunate case of your loss Hence, there are multiple benefits of choosing term insurance plans when planning to secure the financial future of your loved ones.

Conclusion

Term insurance is one of the preferred ways to safeguard the finances of your loved ones in your absence. While your BMI can affect the premiums that are offered to you when you purchase a term plan, consider all the pros and cons of going for term insurance before you decide about adding it to your portfolio.

Source:

1https://www.cdc.gov/healthyweight/assessing/bmi/adult_bmi/index.html#:~:text=Body%20mass%20index%20(BMI)%20is,square%20of%20height%20in%20meters.

2https://www.nhs.uk/common-health-questions/lifestyle/what-is-the-body-mass-index-bmi/

BJAZ-WEB-EC-01755/22

media-icon media-icon media-icon
Popular Blog

Bajaj Allianz Life Videos

Play

Presenting Shubman Gill as The New ACE Of India | Bajaj Allianz Life | Bajaj Allianz Life ACE

Contact Us

Bajaj Allianz Life Insurance Company Ltd.

Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra

Tel No: 020-66026773

Branch Visit Timings:

Monday to Friday - 9:00 AM to 3:30 PM (IST)

Saturday - 9:00 AM to 1:00 PM (IST)

Customer Care Helpline:

1800-209-7272

Monday to Sunday: 9:00 AM to 7:00 PM (IST)

NRI Services Helpline

24/7 (All week days)

Sales Enquiry Helpline:

1800-209-4040

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

For NRI: +91-20-35125850 (Call charges apply)

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

Find Us Online

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

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 www.bajajallianzlife.com) carefully before concluding a sale.