Thanks Anuj for your quick and crisp answer.

I was going through max life smart secure term insurance, they ask for nicotine(yes/no). and they are showing some premium calculated to pay, but after medical test will the premium be revised, depending on the level of nicotine etc ?

Generally premium can go up based on past medical history and habits data. But it is not possible to pinpoint which insurer considers what parameters to spike their premiums.

Short answer to your question - It can be possible if Max has those underwriting guidelines.

As far as I know, it also depends on the type of insurance you want to buy. For example, in my case, I knew from the beginning that the quotes I would end up paying depend on many factors, such as age, height, weight, health situation, financials (net worth, annual salary, debts & assets). The price of the 5 million policy also depends on your goals and the number of corporations your agent has available. I found a company that uses over 60, and they can locate the company that is able to approve you at the top rate based on your specific needs and details.