Interested in financial products

Life insurance is one of the best ways to protect your family and dependants. Understanding the factors that affect your life insurance premium is crucial in determining the right plan that best fits your needs.

Here are some main factors that affect your life insurance premium rates:

  • Age
  • Gender
  • Health history
  • Family health history
  • Obesity as chances of an obese carrying any diesease is higher
  • Smoking and drinking habits
  • Hobbies
  • Occupation
  • Lifestyle
  • Policy tenure and quantum of death benefit
  • Mode of buying a policy ie. offline through agents or online directly from the company
  • Mode of premium payment - monthly or quarterly basis means higher premium rate as administration, collective and processing services are done frequently.

Understanding the factors that affect life insurance premiums and trying to change such as losing weight, quitting smoking or adopting a healthy lifestyle to lower your blood pressure and cholesterol can help you actually get the right policy at the right price at the right time.

Apply for a credit score
×Thank you! Your comment will be reviewed and posted shortly.

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application