Term Insurance for Smokers

Smoking results in higher mortality rates because of cancer and severe lung diseases. This means that smokers should opt for a term insurance plan to make sure that their family members are financially secured in case something unfortunate happens to them. However, due to this, the premium rates for smokers are comparatively high. 

Read more
Get ₹1 Cr. Life Cover at just
Term Insurance plans
Online discount
upto 10%#
Guaranteed
Claim Support
Policybazaar is
Certified platinum Partner for
Insurer
Claim Settled
98.7%
99.4%
98.5%
99%
98.2%
98.6%
98.82%
96.9%
98.08%
99.2%

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

Get ₹1 Cr. Life Cover at just
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
We are rated
rating
58.9 million
Registered Consumers
51
Insurance
Partners
26.4 million
Policies
Sold

How Does Term Insurance Plan Work for Smokers?

If a policyholder has consumed tobacco in any form in the past 12 months, then he/she will be categorized as a smoker. In comparison to non-smokers, the premium rates of term insurance for smokers can be almost 30 to 40% higher. There have been various cases where the customers hide the details about their smoking habits from insurers just to save on the extra charge. However, if you are a smoker, then it is very important to inform the same to the insurer.

Best Term Insurance Plans for Smokers

Here are some of the affordable and popular term insurance plans for smokers offered by different insurance companies:

Term Insurance Plans for Smokers Entry Age Maturity Age Policy Term Sum Assured (in Rs.)
Aegon iTerm Plan 18 to 65 years 23 to 70 years 5 to 70 less entry age Minimum: 25 Lakhs
Maximum: 1.25 Crore
HDFC Life Click 2 Protect Plus 18 to 65 years 85 years 5 to 40 years/85 years – Entry age Minimum: 25 Lakhs
Maximum: No Limit
Bharti AXA eProtect Plan 18 to 65 years 75 years 10 to 30 years Minimum: 25 Lakhs
LIC Amulya Jeevan 18 to 60 years 70 years 5 to 35 years Minimum: 25 Lacs
Maximum: No Limit

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

What Are the Types of Smokers As Per the Insurance Company?

All smokers don’t have the same smoking practices. This is the reason they have classified smokers into three types:

  • Typical Smoker: Smoker with some minor health problems

  • Table-rated Smoker: Individuals having some obvious health conditions owing to smoking.

  • Preferred Smoker: Individual who is a smoker but overall he/she is fit and in good health.

Why Buy Term Life Insurance from Policybazaar Why Buy Term Life Insurance from Policybazaar

What are the Eligibility Criteria for Term Insurance Plan for Smokers?

Term insurance for a smoker is largely different from the non-smoker. Here are some of the things that you should know before buying term insurance for a smoker:

  • Minimum Age: 18 years

  • Maximum Age: 75 years

  • Minimum Policy Term: 5 to 10 years

  • Maximum Policy Term: 30 to 40 years

  • Sum Assured: Minimum: 3 Lakhs

  • Maximum: Can expand up to the amount the policyholder requests

  • Premium Payment Frequency: Annually

  • Eligibility: Valid for Indian Citizens who live within India

  • Plan Maturity: In case the policyholder outlives the policy, an individual doesn’t get any benefits for the same.

What If You Do Not Inform the Insurance Company About Your Smoking Habits?

If in case the policy buyer provides false or incorrect information about his/her smoking habits because of the fear of paying high premiums, the insurer is liable to take the below actions against the applicant:

  • Charging them for performing an insurance fraud

  • The plan can be declared invalid or nullified

  • The benefits of the policy can be denied to the insurance company

Affordable Term Life Insurance Affordable Term Life Insurance

Does Smoking Affect My Term Insurance Premium Rates?

Yes, smoking affects the term insurance premium rates. As we all know, Smoking is injurious to health, so, how do insurance companies look at this dangerous practice?

Generally, smokers are required to pay higher premium amounts than those individuals who do not smoke when they buy a term plan. The simple reason is that smokers have a greater mortality rate than non-smokers.

Let’s understand this with the help of an example:

If you are a healthy and non-smoking male of 30-year-old buy a term plan for a sum assured amount of Rs. 1 Crore. The premium amount paid for a 20 years term plan is above Rs. 700 for a month. Whereas for a smoker having the same age, the premium amount may go up to Rs. 900 pm.

Thus, Smoking habits do make a difference to premium payments.

Different types of Plans


Term insurance articles

Recent Articles
Popular Articles
Tata AIA Term Insurance Login

26 Dec 2022

Tata AIA term insurance login portal offers the company’s
Read more
Why NRIs in UAE Should Buy Term Insurance Plans from India?

08 Dec 2022

Term life insurance plan secures the financial future of your
Read more
Best Term Life Insurance Plans in Singapore

07 Dec 2022

An NRI living in Singapore can easily buy the best term life
Read more
Bima Sugam

29 Nov 2022

Bima Sugam is an online marketplace that will offer its services
Read more
LIC Relaunched A Term Assurance Plan: LIC New Jeevan Amar

25 Nov 2022

Life Insurance Corporation (LIC) of India recently relaunched
Read more
LIC Term Insurance 1 Crore
LIC of India offers various plans to help you secure the financial future of your loved ones. In order to make
Read more
What Medical Tests are Required for Term Insurance?
Term insurance offers a sum assured to the beneficiary of the policyholder upon their death that can help them
Read more
Term Insurance: Tax Benefits under Section 80D
Term Insurance provides financial security and protection to your family in case of your unexpected death within
Read more
2 Crore Term Insurance Plan
The pandemic has surely generated a global panic and emphasised the importance of financial planning that would
Read more
Types of Deaths Covered and Not Covered by Term Insurance
A term insurance plan is the best way to ensure the financial well-being of your family members in case of any
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL