Cheaper insurance for healthy lifestyle
21 February 2006, BRUSSELS — Belgian insurer Mercator is to launch a new life insurance policy in which premiums are linked to the health of the insured.
21 February 2006
BRUSSELS — Belgian insurer Mercator is to launch a new life insurance policy in which premiums are linked to the health of the insured.
Those who don't smoke and are not overweight will be offered cheaper premiums than those who are 'unhealthy'.
For high pay-out policies, the insurer will also look at the blood pressure and cholesterol levels of the policyholder.
The insurance policy will take the form of a temporary life insurance linked to a mortgage, newspaper 'De Tijd' reported on Tuesday.
If the insured person dies while the policy is still valid, the insurer will pay the outstanding amount of the policyholder's mortgage. This means the property will not carry any debts for the inheritors.
The premiums for these insurance policies are usually based on mortality tables which contain historical data and assess the chance that an insured person might die in the coming year.
Mercator is now introducing a new premium calculation based on recent statistics.
[Copyright Expatica News 2006]
Subject: Belgian news