Engineer life insurance can be available mostly at standard rates and terms. Since engineering is a profession that covers a lot of fields of studies the underwriting done for your insurance policy might defer from a case to case basis.
There are a lot of factors the cost of your insurance will depend on, some of them are occupation-related and some are general.
The general factors that affect the cost of your insurance are:
- Your age
The older you are the higher the cost of your insurance, it is generally advised for all individuals to purchase life insurance as early in life as possible since the cost is minimal and very affordable if you purchase the policy in your younger years.
- Your BMI
The Body Mass Index is a ratio calculated with the help of your height and weight. The BMI value gives an idea to the insurance underwriter about your general health.
- Your medical history
The insurance underwriter will thoroughly look through your medical history. If you do have a history of a medical illness then the underwriter might look further into your medical standing.
- Your lifestyle
Smoking and excessive drinking may have an extensive negative impact on the cost of your insurance.
The insurance underwriter will want to know if you regularly travel to foreign countries for your profession. You will have to let him/her know the details of your job:
- The designation you hold?
- The number of hours you spend days at your workplace?
- Your duties, what are your responsibilities at the workplace?
- The type of machinery or equipment you use regularly?
- If you find yourself working at a height above that of 40ft?
- If you are regularly exposed to hazardous materials at your workplace?
- The safety measures that are taken at your workplace?
You must read all policy-related documents carefully and thoroughly and also that you provide all required information with utmost honesty and transparency.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00