Tag: life insurance discounts

Life insurance could become more affordable with a fitness tracker

Julie Campbell
fitbit fitness tracker health care life insurance technology

For the first time in the U.S., an insurer is using the same idea as pay as you drive coverage, but for a person’s health. A life insurance company in the United States is now offering a service that represents a first for the country, in which wearing a tracker that will reveal an individual’s health, location, and body information to reveal healthy lifestyle habits and reduced risk opportunities that could bring about a discount for premiums. While some are seeing this as an interesting opportunities, others are calling this…

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Life insurance customers in India pay 56 percent more if they smoke

G. Turner
nonsmokers homeowners insurance

Non-smokers in the country pay less than half than their counterparts do within that country. The research from Aviva Life Insurance in India has revealed that when a 10 year term plan is purchased by a smoker in India, he or she pays 56 percent more than his or her nonsmoking counterparts. This is because the habit has been identified as increasing a large number of health risks among policyholders. Term plans are the form where only the life insurance amount is paid at the time of a policyholder’s death…

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