A study on smoking habit and life offices' underwriting practices
“Smokers are three times more likely to die before the age of 70 than non-smokers” reported a Straits Times article [S. T1993] on a study by the Imperial Cancer Research Centre at Oxford University. This isjust one ofthe numerous studies that have been done to show the higher mortality ofsmokers...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/51945 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | “Smokers are three times more likely to die before the age of 70 than non-smokers” reported a Straits Times article [S. T1993] on a study by the Imperial Cancer Research Centre at Oxford University.
This isjust one ofthe numerous studies that have been done to show the higher mortality ofsmokers compared to non-smokers.
This report discusses the harmful effects of smoking and how life offices underwrite smokers. It was said that the difference in mortality between smokers and non-smokers appears wider than that assumed by life offices in setting premiums and yet, there has been little, if any, movement by companies to increase the differentials in their premiums [AL,1994]. This report also discusses certain factors like passive smoking and cigar andpipe smokingwhich are not rateable by life offices. |
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