Health Insurance for Smokers – All You Need to Know

Many people who smoke tend to believe that insurance companies do not offer coverage for smokers. But, that is not true. You can buy a comprehensive policy that provides wide coverage and covers critical illness as well.However, insurance companies understand that smokers are more vulnerable to various diseases than those who don’t smoke. And consequently, the insurers charge a higher premium for smokers. Although, this should not stop you from buying a robust health insurance plan for you and your family.

Insurance companies define smokers as any individual who consumes nicotine in any form. So, if you have the habit of smoking, the insurance companies may ask you to undergo a medical test to determine the health insurance premium . You may also be asked about your smoking habits and nicotine usage over a specific period. They may even ask you about the number of cigarettes you smoke and whether you are diagnosed with any smoking-related medical condition.Apart from the health condition, health insurance companies also consider the age and the sum assured before offering the right health insurance for smokers. As a smoker, when you buy a policy, you must mention smoking in the application form to avoid any dispute during the claim or policy rejection. Once the insurer determines your smoking habits and health conditions, they will offer the insurance plan.

No, the health insurance for smokers is the same as the plans offered to non-smokers. However, the premium amount varies for smokers and non-smokers. The premium depends on the number of cigarettes you smoke in a day and your existing health condition.For example, if you smoke about one packet or less in a day, you can get coverage at a higher premium. But, if you smoke more than 2-3 packs a day and have any health condition, there is an increased risk that the insurer will reject your insurance application.If you take a smoking cessation program offered by the insurer and quit smoking for at least two years, the insurer will reduce the premium.
Invest In Robust Health Insurance Before It Is Too LateIf you have the habit of smoking, it is advisable to purchase a health insurance policy as soon as possible to avoid paying higher premiums or face rejection. Also, when you buy a policy early, you can see through the waiting period before an illness strikes.

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.