SBI Life insurance: You can slash premium payment! here is your guide to calculate it

SBI Life Insurance: Insurance policies do not come cheap. In fact, they are quite expensive. So, all those people who are worried about high premium payments, there is some relief. They should know that it is in their hands to reduce their premium payment. Well, BMI is the critical aspect in it. Wondering what is BMI or Body Mass Index and how it impacts your insurance premiums? Zee Business will make it easier for you to understand and also help you calculate your BMI.

BMI is a ratio of weight and height of a person. This ratio is used to classify whether a person is underweight, overweight or obese. It can be defined as the weight in kg divided by the square of the height in meters.

BMI affects on your insurance premiums:

-- BMI signifies how healthy you are.

-- Higher BMI indicates that you are more susceptible to coronary heart diseases and other illnesses like diabetes and other weight-related diseases. This means medical treatment and medication would cost more, thereby increasing insurance premiums.

-- However this rule is not binding and may have exceptions. For example, an athlete may have a high BMI.

How do you calculate BMI?
You can calculate your BMI in either of the 3 ways:

The BMI calculation formula = Weight of the person (in kg)/(Height of the person)2 (in m2)

-- A BMI which is less than 18.5 signifies you are underweight.
-- A BMI between 18.5 and 24.9 is normal for a healthy adult.
-- A BMI that is between 25 and 29.9 signifies that you are overweight for your height.
-- A BMI that is beyond 30 indicates that you are Obese.
-- BMI of either of the gender is not significantly different, however it is seen that the BMI of men is higher than women.

There are ways to calculate your BMI using online BMI calculators for men and women. All you have to do is enter your height and weight. Also, you can input either your height or your weight, and it gives out the ideal figures for the other two.

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So, all you have to do is ensure that you fall in the normal category to ensure you pay less insurance premium. Join a gym or workout at home and watch what you eat, is all it takes.

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