Factors That Affect Your Premium

Obesity now is the great cause of concern for the entire global community as it exposes to tremendous pressures on our economies world-wide. It puts insurance companies on increasingly huge potential risks as profitability of the insurers is get reduced.

But before I go further into the central topic, I would like to add on a few sentences about what a obesity is termed in medical field.

Obesity is measured in terms of BMI (Body Mass Index).Now, what is BMI and how can it pinpoint the obesity? BMI is accepted world-wide as standard medical practice to define obesity. It is calculated as a person's weight in kilogram, dividing by square of his/her height in meter(Metric system), alternatively as that person's weight in pounds dividing by the square of his/her height in inches (British system) and multiplied by factor (703).

Now, BMI lying between 18.5 to 25 is assumed as ideally healthy person. And BMI of 25 to 30 is identified as an overweight person.Then who's an obese person? You've guessed it right. Obesity,among adults is defined a person whose BMI is over 30.

And, do you know that approximately two third population of USA is the victim of Obesity? But the good thing is that a substantial number of people all over the world are raising their voices against the ever-increasing mass consumption of Junk Food among youngsters. I should say it is one of the probable killer food(?) that eat into our society as a whole.

Lawsuits are now targeting against the manufacturers and the organized sellers of junk food which in turn lead the insurers to high potential claim risks. The detrimental effects of all these are continually attributing to substantial revenue spending of governments of respective countries.

One cannot deny that obesity problem, irrespective of countries, is leading us to increased severity in health problems, premature death and corresponding manifold increase of insurance claims, in the segments of health insurance, liability insurance, life insurance, worker's (workman's- in some countries) compensation insurance, disability insurance etc.

And,you know, obesity (BMI in more stricter sense), is directly affecting our life insurance premium as life expectancy of a person is greatly depend upon his/her BMI factor. Life insurance companies are continually doing research and risk management in this arena in finding out their potential risk factors, insuring an obese person.

Research shows that an obese person is more prone to some killer diseases relating to heart, pancreas, kidney and what not. Even your favorite insurance company probably would no more interested in insuring your health, disability or liability coverages. So, you see the results of obesity.