Co-operative Insurance says smokers could save over a third on protection premiums if they quit smoking.
March 14 is No Smoking Day and CIS is urging smokers to kick the habit and save money at the same time on life, critical illness and income protection insurance.
According to official statistics, smoking is more common in men (26 per cent) compared to 23 per cent of women.
Smoking causes thirty per cent of all cancer deaths (including at least 84 per cent of lung cancer deaths), 17 per cent of all heart disease deaths and at least 80 per cent of deaths from bronchitis and emphysema.
Co-operative Insurance head of protection Fiona Jackson says: Giving up smoking can save people significant amounts as well as hopefully bringing a longer and better quality of life. Someone who is able to give up an addictive habit like smoking can certainly take charge of their own financial destiny and make adequate financial provisions for their future.
“Co-operative Insurance provides attractive protection products to both smokers and non-smokers, though our customers will definitely reap the rewards if they can kick the habit and no longer watch their money go up in smoke.”