Effects Of Smoking On Health Insurance Premium


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The visibility percentage of the omnipresent warning on all cigarette boxes — “Smoking is injurious to health” — has been increased from 40% to 85% in India, with effect from April 1, 2015. This stringent measure by the government is indicative of the rise in the percentage of major diseases due to smoking. Apart from being the root-cause of 30% of all cancer deaths, smoking has other serious perils — causative factor of 80% of Chronic Obstructive Pulmonary Disease (COPD), 16-times higher risk of heart-attack, impotency or reduced fertility in men and decreased chances of conception, or eventual miscarriage among women. These are only a few of the many ailments triggered and enhanced by smoking.
If you think smoking only severely affects your health, well, the shocker is, it affects your pocket even worse! The material damage caused by smoking is to make you pay higher premiums for your health insurance. The rate of premium for smokers is 56% more than the non-smokers! Non-smokers even receive discounts or incentives from health insurance companies as against smokers who have to pay higher premiums due to raised health risks and shorter life expectancy.

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