| Year | Non-Life (1) | Life | Total |
| 1995 | 906,781 | 1,236,627 | 2,143,408 |
| 1996 | 909,100 | 1,196,736 | 2,105,838 |
| 1997 | 896,873 | 1,231,798 | 2,128,671 |
| 1998 | 891,352 | 1,275,053 | 2,166,405 |
| 1999 | 912,749 | 1,424,203 | 2,336,952 |
| 2000 | 926,503 | 1,518,401 | 2,444,904 |
| 2001 | 969,945 | 1,445,776 | 2,415,720 |
| 2002 | 1,098,412 | 1,534,061 | 2,632,473 |
| 2003 | 1,275,616 | 1,682,743 | 2,958,359 |
| 2004 | 1,395,218 | 1,848,688 | 3,243,906 |
Non-Life (1) includes accident and Health Insurance.
Understanding a World Life Insurance PremiumWhen looking at insurance, two primary options exist – life and non-life. In this article, we wanted to help you understand a world life insurance premium, specifically the factors involved that determine how much you pay. However, we also want to address the basics of a non-life insurance premium. Unfortunately, too many people pay the life or nonlife insurance premium because that is what they are to pay but in truth, they have no idea the determining factors, or things they could do to save money.
By understanding what underwriters consider when setting a world life insurance premium, you could make appropriate adjustments to bring the premium down. While you would have the chance to make changes for some factors, of course, some of the factors would be out of your control. However, by becoming educated on a life premium, as well as a non life insurance premium, you have more control as to what comes out of your pocket.
The following are the main factors that determine a world life insurance premium so you can make adjustments in lifestyle wherever possible. Insurance companies look at the level of risk and the more potential for risk the higher the premium you would pay. Keep in mind that differences exist between factors that determine a life and non life insurance premium so these are strictly for a world life insurance premium only.
• Obesity – When a person carries around excessive weight, risk for all types of health problems increase. For instance, when a person is overweight and especially obese, risk is high for diabetes, heart disease, high blood pressure, and some kinds of cancer. If you need to drop weight so you could take out a policy and afford a world life insurance premium, it would be to your benefit to eat healthier, get involved with physical activity, and see your doctor if the weight is related to something else.
• Smoking – Another factor, which can affect both a life and non life insurance premium, is smoking. For the world life insurance premium, even someone who smokes two cigarettes a day would pay much higher and in some cases, not qualify. For the non life insurance policy, smoking can cause health insurance and even car insurance to be more expensive.
• Alcohol Consumption - Now, most insurance companies do not worry about a glass of wine or an occasional cocktail but if a problem of heavy alcohol consumption exists or if you have been drinking over a long period, you would likely be approved for the policy but the premium would be increased.
• Health Problems – In most cases, anytime you have a pre-existing health condition, securing life insurance is tough. However, even when you are approved, the world life insurance premium would be extremely high. Obviously, it would be impossible to wipe out a prior health problem but in this case, the best thing you can do is be honest when trying to get coverage. In fact, for health insurance coverage, you need to be honest about any health issue so you would be offered the best coverage and best life and non life insurance premium available.
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