Term Insurance & Healthy Living Go Hand in Hand

Contrary to popular belief, insurance companies prefer customers who are fit and healthy! The reason for this is quite simple, those who are healthy are likely to live a long life with fewer chances of falling critically ill. The healthier you are, the less likely you are to trigger your life insurance policy, which is beneficial to your insurer! After all, if you live past the policy term and never fall ill, the insurer will not have to pay out any claim amount.

Of course, just because you are healthy does not mean that you can forgo getting a comprehensive term insurance plan. Term insurance protects your loved ones against any financial hardship that they might face in your absence. And the fact of the matter is that we can never predict what will happen in the future. Unexpected situations can blindside you completely, irrespective of how healthy you are. The peace of mind a term insurance plan can provide goes a long way in living a stress-free life. Let’s look at how term insurance and healthy living go hand in hand.

1) Live Healthy for Affordable Premium!

First thing to remember is that healthier individuals always have lower term insurance premiums. If you are young and healthy, your insurance premium will be comparatively lower for the same sum assured amount. Term insurance plans are pure risk insurance plans, meaning that their primary purpose is to cover for the risk of your death by providing your family with financial compensation. Obviously, the healthier you are the less likely you are to fall critically ill and trigger your insurance, which is the ideal scenario for any insurer!

Remember that your premium rate does not remain constant. Got a high premium quote today? Then strive to get healthier so that you can reduce your premium cost! Also, keep in mind that smokers have a higher premium cost than non-smokers. But once again, you can reduce your premium if you quit smoking. Stay away from cigarettes for up to a year to reduce your term insurance premium significantly!

2) Protection Even Against Critical Illnesses!

Of course, no matter how healthy and fit we are, we cannot predict the future. Illnesses can strike at any time, sometimes without any discernible reason. Even if you are healthy now, it is wise to stay prepared in the off chance that you get diagnosed with a critical illness. While a health insurance plan can help you pay for your medical treatment, a term insurance plan with critical illness rider can help you keep your finances secure even when you are unable to work due to an illness.

Critical illness rider is an optional add on that provides additional coverage when you are diagnosed with any of the diseases listed in your policy document. The compensation from the rider will help you and your loved ones maintain your standard of living while you recover.

3) Don’t Let Accidents Ruin Your Security!

Just like critical illnesses, accidents can strike at any time without any rhyme or reason. Recovering from any accident takes time, money, and patience. And you will most likely not be able to work during the recovery period, which means that you and your dependents might not have a source of income. Term insurance plans come with the optional accidental disability rider that offers coverage against debilitating injuries. The payout from the rider compensates for your lack of income and can even help you with the medical bills for your treatment.

4) Peace of Mind is Just as Important as Physical Health!

People often forget that their mental health is just as important as their physical health. Worrying about your family’s security is a common stress factor, and stress is unhealthy! If you’re worried about your family’s well-being and financial security, then getting a term insurance plan is a no-brainer. No matter what happens to you, your family will be secure thanks to the payout they get from your term plan. Stop stressing about the future! Get peace of mind with a comprehensive term insurance plan.

Conclusion

Healthy living ensures that your term plan is affordable, and your term plan ensures that you are financially secure even during health crises! And remember, it is best to get a term plan as early as possible. The younger you are the lower your premiums will be. Edelweiss Tokio Life- Zindagi Protect provides comprehensive life cover with premiums starting at just ₹300 per month!

Swati Tumar - Travel & Finance Writer

Swati is a Writer in the day and an illustrator at night. Among her interests, she is quite fond of art and all things creative. She often indulges herself in creating doodles, illustrations, and other forms of content. She identifies herself as an avid traveler and shameless foodie.