The additional premium that you have to pay as a smoker varies from one insurance company to another. The premium rates for smokers can be 50 per cent to 80 per cent higher than those of non-smokers, said experts. Let s understand how smoking impacts life insurance premiums, how much you pay for a cover and what you can do to reduce your premium burden
Bajaj Allianz Life Insurance has now come up with a term insurance plan specially designed for people who have diabetes. Named as as Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c, it is a pure term life insurance cover. The minimum policy term will be for five years. The minimum sum assured will be Rs 25 lakh. The minimum entry age will be 30 years and the entry age goes up to 60 years for this plan. Should you buy it?