One in fourteen have lied to keep insurance premiums down
Wed, 10 Sep 2008
Around one in 14 people have lied to an insurer in order to keep their premiums down, according to a new survey.

The insurer Axa found that nearly 7 per cent of people have misled insurers regarding their lifestyle habits and previous medical conditions, regardless of the fact that this could invalidate their policy.

Women tend to lie about their weight (11 per cent) while 25 per cent of men failed to disclose the amount of alcohol they drank. In addition, nearly one in 10 people that have applied for an insurance policy, such as life insurance, critical illness cover, health insurance or income protection, have lied about smoking .

Iain Mallon, head of protection at AXA, said: "Most people quite rightly assume that insurance premiums are based on medical history and certain lifestyle elements. What people wrongly assume is that these normal behaviours and typical medical conditions are based on that of a perfect person, one with a healthy lifestyle and no medical problems at all."
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