A Guide to lower Life Insurance Premiums through Easy Lifestyle Habits

In a world filled with uncertainties, life insurance goes a long way in making sure that your loved ones are financially protected in case of your unfortunate demise. However, a majority of the population in our country either does not have much knowledge of how life insurance works or becomes apprehensive when they see the premium one has to shell out.

What is a premium in life insurance? In simple words, it is the amount that an individual pays to an insurance company in exchange for the coverage of the life insurance. It is a regular payment and you can choose between yearly, half-yearly, quarterly, and monthly basis, depending on the insurance company.

Many factors determine how much you will need to pay for premiums and the state of your health plays an important role. The good news is that there are practical and achievable lifestyle habits that can not only enhance your well-being but also lead to more affordable life insurance premiums. Let’s delve into some easy lifestyle changes that may pave the way for a healthier life and a lighter financial load.

Prioritise Regular Exercise

Those may be scary words, but the thought of exercise does not have to be fear-inducing. Engaging in regular physical activity is not only beneficial for your overall health but can also have a positive impact on your life insurance premiums.

You do not need a gym membership or any fancy equipment. There are plenty of videos online that will guide you through workouts without the use of a treadmill or dumbbells. Don’t like such workouts? You can even try Zumba, dancing, or yoga. You can even incorporate hiking, cycling, walking, and swimming into your weekly routine to make getting fitter more interesting and fun.

Adopt a Balanced Diet

Most of us live a fast-paced life and our diet is the last thing we care about. This has given rise to fast food chains, ready-to-eat meals, instant noodles, and a whole lot more. Even the snacks that are labelled “healthy” are often just a marketing gimmick and don’t have any nutritional benefits. In the end, people are consuming empty calories that could lead to a myriad of health issues.

Before you say “I do not have the time to cook”, here are a few ways you can introduce a balanced diet into your busy lifestyle. Pack yourself a tiffin of salad of your choice to make you full, healthily. You can also switch to fruits and dry nuts for snacking in the evening. Make your dinner lighter by switching from rice to roti, with a hearty number of vegetables. For dessert, you can treat yourself to some dark chocolate or sugar-free, vegan sweet treats.

Kick Bad Habits

Quitting unhealthy vices is easier said than done, but it is vital for your physical and mental well-being. Moreover, if you’ve got bad habits like smoking and drinking excessive alcohol, the premium for life insurance gets much higher as life insurance companies consider you more susceptible to diseases.

If you find it difficult to quit on your own, you can always turn to professional help. There are many organisations that help people kick such habits, some of them even provide free services. In the end, the point is to stay consistent. Even if you fail in between, you must always get up and fight the battle again until you win the war.

Regular Health Check-Ups

If one is young and healthy, it is easy to ignore the importance of getting regular health check-ups. However, as the great quote goes, “Prevention is better than cure.”

Regular check-ups and screenings can detect potential health issues early on, allowing for timely intervention. Insurance companies appreciate policyholders who actively monitor their health. Demonstrating a commitment to your well-being can translate to reduced life insurance premiums.

Maintain a Healthy Weight

Being on the heavier side does not reflect how “unhealthy” you are. However, to avoid any life-threatening diseases, it is advisable to maintain a healthy weight.

When it comes to life insurance, your body mass index (BMI) is a key factor considered by insurers when determining your life insurance premium. Maintaining a healthy weight shows that you are committed to a healthy lifestyle. Remember, even small, gradual changes in weight can make a difference.

Stress Management

With the kind of both professional and personal pressure that people these days experience, stress is something that’s sadly, unavoidable. Since no one can avoid it, the next best thing is to know how to manage it.

Stress management is very important today, not only so that it doesn’t become chronic, but also to get a lower premium on health insurance. Many insurance companies recognise the impact of stress on health and hence, may offer lower premiums to individuals who actively manage stress.

You can opt for yoga, meditation, painting, walks, and other relaxing activities that will help you take your mind off everyday stress. You can only start a new hobby like journaling or maintaining a diary to channel your stress healthily.

Be Mindful of your Mental Health

Many times, people do not understand that your physical health also depends on your mental health. While depression can come with headaches, fatigue, and digestive problems, anxiety can induce an upset stomach. Mental disease can also bring behavioural changes, that may disrupt your day-to-day life.

Therefore, be aware of what you are feeling mentally as much as physically. Reach out to loved ones if you feel any shift in your mental state. If you think you need professional guidance, you will find many on the internet.

The path to more affordable life insurance premiums is paved with simple yet impactful lifestyle changes. By prioritising your health and well-being, you not only enhance the quality of your life but also stand to benefit financially through lower insurance costs. You can check SUD Life Saral Jeevan Bima, standard term life insurance that protects your family in case of your untimely death. 

Remember, every positive choice you make contributes not only to your longevity but also to the financial security of your loved ones. Take charge of your health and watch as your life insurance premiums reflect the positive changes you’ve embraced.

Disclaimer
Star Union Dai-ichi Life Insurance Company Limited is the name of the Insurance Company and “SUD Life Saral Jeevan Bima” is the name of the plan. Neither the name of the Insurance Company nor the name of the plan in anyway indicates the quality of the plan, its future prospects or returns.

SUD Life Saral Jeevan Bima | UIN – 142N079V01 | A Non-linked Non-participating Individual Pure Risk Premium Life Insurance Plan Star Union Dai-ichi Life Insurance Company Limited | IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472

Registered Office: 11th Floor, Vishwaroop I.T. Park, Plot No. 34, 35 & 38, Sector 30A of IIP, Vashi, Navi Mumbai – 400 703 | Contact No: +91 22 7196 6200 | 1800 266 8833 (Toll Free) | Timing: 9:00 am – 7:00 pm (Mon – Sat)| Email ID: customercare@sudlife.in | Visit: www.sudlife.in | For more details on risk factors, terms and conditions, please refer to the sales brochure carefully, before concluding the sale. |Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life International Holdings LLC and are being used by Star Union Dai-ichi Life Insurance Co. Ltd. under license.

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