<ul><li>World No Tobacco Day is observed on May 31 to raise awareness about the harmful effects of tobacco and promote policies to reduce tobacco consumption.</li><li>Insurers classify policyholders as smokers or non-smokers, with smokers being charged higher premiums due to the increased risk of early death associated with tobacco use.</li><li>Smoking habits impact insurance premiums for both health and life insurance policies, with smokers paying significantly higher premiums due to the higher risk of chronic ailments and shorter life expectancy.</li><li>It is important for policy seekers to disclose their smoking habits to insurers, as hiding this information can lead to claim rejections.&nbsp;</li></ul>

World No Tobacco Day: How smoking habits affect insurance premiums

Discover more