The decision-making process regarding which insurance plan can help you and your family during unexpected situations can be simplified. Imagine an online tool that can help you plan better and become a benchmark whenever you are thinking of purchasing an insurance plan. Your Body Mass Index (BMI) is something that health insurance firms consider when they calculate premiums.
One vital aspect of healthy living is avoiding chronic diseases such as heart or diabetes. Using a BMI calculator, you can tell where you are and also what steps to take for better health.
If you are curious to discover whether your BMI will affect your insurance options, let’s start.
BMI Calculator’s Role in Health Assessment
Here’s the thing about the BMI calculator: it’s a magic tool! It is a quick and simple instrument that measures body fat based on your weight and height. The BMI score represents different categories, i.e., normal weight, underweight, overweight, or obese.
The score will help you understand your health better and thus, will help you to assess which insurance plan to buy. BMI is not the only factor, but, it may still be used as the beginning of a discussion about your general health with a doctor. They can compare your BMI with other important health factors and help develop your customised plan to improve your health.
Thus, do not wait until the next time you are curious about your health status, but use the BMI calculator instead. Bear in mind that it’s just a starting point; however, it can become an essential instrument to calculate your insurance investment.
How to Choose an Insurance Plan According To BMI Range
Risk varies in relation to your BMI, and this knowledge can help you avoid paying for an expensive insurance plan. Here’s a breakdown of how your BMI influences your options across different insurance categories:
Health Insurance
- Healthy BMI (18.5 – 24.9): A healthy BMI will mainly offer you the widest plans, and sometimes the premiums can be cheaper. This is why the insurance company will face problems with the health of its clients.
- Overweight or Obese BMI (25 and above): Some plans would probably still be available, but some insurers might charge more for premiums and might have exclusions for certain medical conditions related to obesity.
Term Life Insurance Plans
The term life insurance provides financial stability as a backup for your loved ones after your death. Here’s how BMI can influence it:
- Healthy BMI: For sure, you can get the cheapest rate level that suits you best.
- Overweight or Obese BMI: Sometimes, premiums might be higher due to the concern that people who possess health conditions may be more likely to acquire them.
Unit Linked Insurance Plans (ULIPs)
ULIPs afford simultaneous insurance coverage and investment potential. BMI doesn’t have a direct impact on the amount of coverage; however, it can be an additional factor to consider in terms of investment matters. Here’s why:
- Healthy BMI: This means that investment in the ULIP can reap longer rewards, thus giving it more time to grow.
- Overweight or Obese BMI: This could mean decreased life expectancy, which can, in turn, decrease the potential investment growth of your ULIP.
Remember, BMI is just one of the factors under consideration. Your medical history, family, and lifestyle details also contribute to the total premium of the insurance plan.
Taking Charge of Your Future
Understanding your BMI and its potential impact on insurance can be a powerful tool. By using a free online BMI calculator and consulting with an advisor, you can:
- Gain access to valuable insight into your overall health and well-being.
- Make informed decisions about different insurance plans based on your BMI range.
- Potentially unlock cost savings by finding plans with better rates for your health profile.
Don’t wait! Take the first step towards a secure future. Use a free online BMI calculator like the one from Canara HSBC Life Insurance to determine your score. Then, consult with a qualified insurance advisor who can help you find the best plan for your needs and budget, taking your BMI into account.
