Age at BMI-factors that can affect the insurance premium from serious diseases

The last year has clearly shown that everyone should pay special attention to their health. Monthly checkups, proper nutrition and exercise are non-negotiable for a full life. In addition to these factors, you should also purchase good health insurance, which serves as a protective shield during a medical emergency. After purchasing a health insurance plan, you can increase the overall level of protection by adding a serious illness insurance policy to your insurance plan. The insurance policy for serious diseases pays a lump sum for the diagnosis of serious diseases listed by the insurance company. This coverage ensures that you will have enough funds to fight a serious illness and recuperate as soon as possible. Before you purchase insurance against serious illnesses, you should know how the premium is determined.

Here are a few factors that affect the receipt of an insurance policy against serious diseases.
1. Age
In most insurance policies against serious diseases, age plays an important role. Even if life is uncertain, it is more likely that an older policyholder will have serious health problems than a younger holder. Consequently, insurance companies can offer relatively cheaper policies to young applicants. But this does not mean that someone should wait or postpone the purchase of a health insurance policy. For example, if you get a policy in the early twenties, it’s not too late and it’s not too early to get benefits for insurance against serious diseases.

2. Concomitant diseases
Although there are special policies to cover existing health problems, the insurance company in most cases prefers a healthy policyholder. But that doesn’t mean you can’t get a suitable policy; it just changes your options. An applicant who has no existing medical problems is likely to pay a lower premium than a person suffering from any disease.

3. Body Mass Index (BMI)
A higher BMI means a higher probability of medical problems related to muscles, heart, etc. This means that visits to the doctor are likely to be more frequent, and medical expenses will be higher. Doctor visits and medical care, which means more costs for the insurance company. Consequently, insurance companies calculate a higher insurance premium for an applicant with a high BMI.

4. Family health history
If there is a history of serious illnesses in the family, it may be a little more difficult for a person to purchase a health insurance plan for serious illnesses. This means that the premium will be higher.

5. lifestyle preferences
Some insurance companies take into account the applicant’s lifestyle preferences. For example, if someone engages in adventure sports such as rock climbing or motorsport, the premium is probably high.

6. The nature of the work
The applicant’s profession also plays a role in the calculation of a serious health insurance premium. Therefore, if someone works in high-risk locations such as coal mines or construction sites, the premium is likely to be more expensive.

7. Cover list
Broader coverage means a higher insurance premium against serious illnesses, since the applicant has chosen additional benefits. Simply put, more benefits means more costs, hence higher premiums.

8. Critical diseases covered
If the serious illness insurance you purchased covers more serious illnesses, the premium will also be expensive.

Conclusion
Serious illnesses can damage a person’s physical and financial health, and their treatment is higher than a regular health insurance plan can cover. A serious illness policy is crucial to cover these treatment costs, and choosing it at an early age allows the insured person to get maximum coverage when the need arises.

Disclaimer: The above information is provided for reference only. For more information, please read the wording of the policy and the prospectus before closing sales.

Related Posts