Claim Settlement Ratio of 99.23%~

Close Button Close Button
X
NRI Services Helpline

Calling FromPhone Number (Toll Free)
AUSTRALIA80037371371
CANADA
HONG KONG
ISRAEL
MALAYSIA
NEW ZEALAND
PHILIPPINES
SINGAPORE
THAILAND
UNITED KINGDOM
BRUNEI8014605
INDONESIA0018030160202
JORDAN080023194
OMAN80074363
TURKEY00800142030059
VIETNAM1800400070
UNITED STATES18339680951
Calling us from INDIA18002097272
Rest of the World+912067871700
(Call charges apply)

How Does BMI Affect Term Insurance?

Health plays a crucial role in the calculation of your insurance premiums. It's a no-brainer that healthier individuals may be less likely to fall ill or develop chronic illnesses that can shorten their lifespan. Hence, your lifestyle, occupation, prior illnesses, and family history may 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. There may be a significant effect of your BMI on term insurance and its premium calculation. But what exactly is BMI?

Investment plans also act as tax-planning tools, as many avenues help reduce tax liability. There are different types of investment plans, and by choosing the right one, you can invest according to your needs and grow your savings.Read Less

Get in Touch to Know More
I agree and consent to the Terms & Conditions, Privacy Policy
Get Your Life Goals, Done!

Tailored Life Insurance Solutions for your long-term Life Goals.

Written ByPalak Bagadia
AboutPalak Bagadia
LinkedIn Icon
Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry.
Reviewed ByRituraj Singh
AboutRituraj Singh
LinkedIn Icon
Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 7th July 2024
Modified on: 7th July 2024
Reading Time: 15 Mins
Share

 

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.3

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 classifications2:

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 under weight

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?

 

How to Use BMI calculator?

 

You can use the BMI calculator online to find your BMI. For instance, Bajaj Allianz Life Insurance offers a simple BMI calculator which shows your BMI in a few steps. To use the calculator, here are the steps that you can take –

1. Enter your height in feet and inches

2. Enter your weight in kilograms

3. Click on ‘Calculate’

Once the details are entered and you have clicked the ‘Calculate’ tab, the calculator will automatically calculate your BMI and show the result. You can also check whether you are underweight, overweight, obese or normal weight.

You can also choose to check the BMI range and chart which shows the BMI range and which weight category it falls into and then understand the effect of BMI on term insurance and its premium.

 

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.

 

What Is The Effect Of BMI On Term Insurance Plans?

 

Your Body Mass Index (BMI) can affect your term insurance in various ways. Some of these ways are as follows1

1. Additional Medical check-ups

If your BMI is either high or low, the insurance company might require you to undergo additional health check-ups to assess the medical risks. In such cases, the policy is usually issued based on the medical examination report.

2. Higher premiums

If the BMI is very high, the insurance company may charge an additional premium for the higher health risk which is indicated with a higher BMI.

3. Policy rejection

In cases where the BMI is extremely high and the insured is morbidly obese, the insurance company might also reject the proposal. In such cases, the policy will not be issued.

 

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.

 

FAQs

 

1. Can a medical examination help mitigate the impact of a high BMI on term insurance premiums?

If the BMI is high, the insurance company might get a medical check-up done. If all medical parameters are good, the premium might not increase. However, in the case of high BMI, the health is considered to be at higher risk and even after a medical check-up, the premium might be affected. This is how your BMI may impact your Term Insurance Plan.

2. What happens if my BMI is higher than the ideal range?

If your BMI is higher than the ideal range, the premium of the term plan might increase. The insurance company might also need a medical check-up before issuing the policy. Moreover, in very high BMI cases, the policy might also get rejected.

Sources:

1. https://www.livemint.com/money/ask-mint-money/insurers-can-load-premiums-due-to-high-bmi-1547991865487.html

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

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

BJAZ-WEB-EC-05712/24

 

Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800

Buy Term Insurance
Reshot Illustration Discover Mountain
Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800*
99.23% Claim Settlement Ratio~
Premium Holiday1
Buy Term Insurance

Disclaimer
BJAZ-OT-EC-08288/24

close

New Term Plan Launched!

₹1 Cr Term Plan @₹15/ Day^

Get upto16% Discount on 1st Year Premium3

calendar_icon

Are you an NRI?

Select Country

I agree and consent to the Terms & Conditions, Privacy Policy

^,3T&C Apply

Gender

Tobacco/Nicotine

Are you diabetic?

I agree and consent to the Terms & Conditions, Privacy Policy

^,3T&C Apply

X
Disclaimer

*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and 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. 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.

##Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

**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. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

$Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

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

X
Terms & Conditions

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, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, 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

X
Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


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


Term Insurance Guide

Long term investment plans - What Are Their Benefits?

A suitable financial plan may be defined by its components. Amongst other things, one aspect, it may be incomplete without, is a steady amount of investment.

Read More
Long term investment plans - What Are Their Benefits?

A suitable financial plan may be defined by its components. Amongst other things, one aspect, it may be incomplete without, is a steady amount of investment.

Read More
Long term investment plans - What Are Their Benefits?

A suitable financial plan may be defined by its components. Amongst other things, one aspect, it may be incomplete without, is a steady amount of investment.

Read More
Long term investment plans - What Are Their Benefits?

A suitable financial plan may be defined by its components. Amongst other things, one aspect, it may be incomplete without, is a steady amount of investment.

Read More
Disclaimers:
Plus Symbol
Minus Symbol

~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.

X
Disclaimer

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


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

X
Terms & Conditions

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

X
Disclaimer

%%Above illustration is for Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V03) considering Male aged 25 years | Non-Smoker | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 6,238. 2nd Year onwards premium is Rs. 6,659. Total Premium Paid is Rs. 1,99,349 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly installments (Lumpsum Payout Percentage : 45, Income Payout Percentage : 55) | 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. This is inclusive of all the discounts mentioned above.

##Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

@Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium amount is total of all the premiums received, exclusive of extra premium, rider premium and GST & /any other applicable tax levied, subject to changes in tax laws
Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

X
Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


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


X
Disclaimer

*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and 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. 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.

##Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

**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. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

$Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

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

X
Terms & Conditions

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, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, 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

close
Ask for an Agent
Sign up for personal visit and tailored advice from our expert agents