Prices Increasing Soon
The increased mortality rates associated with smoking, particularly the risks of severe lung diseases and cancer, result in higher insurance premiums for smokers. However, this also means that it is crucial for smokers to buy term plans to make sure their family members are financially secured in case something happens to them. In this article, we will understand the importance of term life insurance policies for smokers and how they can buy term plan easily from Policybazaar.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Indian insurance companies categorize smokers and non-smokers in the following way:
Non-smoker: An individual who does not smoke.
Preferred Smoker: A person who smokes but maintains fitness and good health.
Typical Smoker: A person who smokes and experiences minor health issues.
Table-rate smoker: An individual with evident health problems resulting from smoking.
Term Plans
As discussed, a term insurance policyholder is categorized as a smoker in case he/she has consumed tobacco in any form in the last 1 year (12 months). The term insurance premium rates for an individual who smokes are around 30-40% are higher than non-smokers. Smokers sometimes do not inform their smoking habits to save additional charges. However, if you’re a smoker then it is very crucial to inform this to the insurer.
In case the policy buyer gives false or incorrect details about their smoking practices because of increase in premiums, the insurer can take the following actions:
The plan can be declared invalid or nullified
The benefits of the plan cannot be provided by the insurer
Charging policyholders with insurance fraud
Usually the tobacco consumption is determined in the nicotine test for term insurance or the medical tests that are required before buying term insurance. However, if you do not disclose your smoking habits to the insurer, you will face the below mentioned consequences:
The policyholder could be charged with attempt of fraud
The insurer can claim the policy as null and void.
Being dishonest with the insurance company puts your loved ones’ security at risk. It's important for the policyholders to not lie about their smoking habits because insurers treat smoking as a serious condition and are very strict if they later discover false information.
*Note: You can use the term plan calculator to quickly and very efficiently calculate your term insurance premium amount of your term plan.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
Compare 40+ plans from 15 Insurers
Smokers tend to have a lower life expectancy ratio due to their increased vulnerability to chronic conditions like lung cancer, bronchitis, and heart problems. Their potential for a shorter lifespan compared to non-smokers makes them higher-risk individuals for insurance companies. Hence, insurance companies generally impose higher premiums on smokers compared to non-smokers.
For example, Raju, a 35 year old smoking male, earning a salary of 10 Lakhs per annum, bought a life insurance policy of sum assured, ₹ 1 Crore for his loved ones, and continues to pay ₹ 1100 per month as his premium. On the other hand, his friend Ramu, a 35 year old non-smoking male, earning the same annual salary, bought a sum assured of ₹ 1 Crore, pays a premium of ₹ 1890 per month.
Here are the consequences if you quit smoking after buying term life insurance:
If you quit smoking, you can ask the insurance company to adjust your policy premium in the next renewal cycle.
The insurer might lower the premium based on how long you've been smoke-free.
Different insurers have their own rules, but typically, you need to stay away from nicotine for at least two years to be considered a non-smoker.
*Note: It is recommended for all NRIs living in Canada that they firstly know what is term insurance and what its features are before they buy their ideal plan.
Smokers can easily buy term insurance from Policybazaar in the following way:
Step 1: Visit Policybazaar’s official website and go to Term Insurance
Step 2: Enter your basic personal information like name, date of birth, contact number, gender, and Email ID
Step 3: Click on ‘View Plans’ to see the available plans
Step 4: Fill in your annual income, educational qualifications, and smoking habits
Step 5: Select the protection plan most suitable for you and proceed to pay
Step 6: Choose your preferred paying method and pay to complete the purchase process
Quitting smoking and tobacco is a double benefit – improved health and reduced insurance costs. It not only leads to a healthier life but can also result in lower term insurance premiums.
Note: Check all the best term insurance plan in India.
Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved
+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Buying a home is a major milestone, but it also comes with
Read more
Amit was a 38-year-old marketing professional with big dreams
Read more
Are you looking for an affordable way to protect your family's
Read more
Term insurance is a crucial financial safety net for families
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
