Which Medical Tests Required for Buying a Term Insurance Plan?

Which Medical Tests Are Required for a Term Insurance Plan?

How are Medical Tests for Term Insurance Conducted?

Why Do Insurers Conduct Medical Tests and Check-Ups for Term Insurance Plans?

How Do Medical Test Results Influence Term Insurance Factors?

FAQs about Medical Tests Requirement for Term Insurance

Can I purchase term insurance plans without medical tests?

up-arrow
Yes, there are some insurance companies that let customers buy term insurance plans without the medical test results. However, in most of the cases, customers can get coverage up to a limited amount, as per the terms and conditions of the plan.

Is it necessary to disclose lifestyle habits in addition to medical reports to the term insurance provider?

up-arrow
Yes, while purchasing a term insurance policy, you should ideally mention your lifestyle habits along with your medical reports. For example, you need to disclose to your insurance provider whether you are a chain smoker or you abuse alcohol, etc. Otherwise, if these lifestyle habits lead to your demise, the insurance company may reject your claim for the death benefit.

What is a video medical check-up in a term insurance plan?

up-arrow
It was not possible for insurance companies to perform traditional medical check-ups during the COVID-19 pandemic period due to the risk of transmitting the disease. This is why they initiated video and telephone-enabled medical check-ups. In this process, doctors will interrogate customers about their existing medical conditions. Then, based on the report, insurers will make risk assessments and proceed with the subsequent procedures.

Does a term insurance policy extend coverage for the death caused due to critical illnesses?

up-arrow
The nominee will not get any policy benefits in case the insured individual dies due to critical illnesses. However, if they purchase the critical illness rider on top of the base term insurance plan, their nominee will be able to get policy benefits under such circumstances.

Disclaimer

up-arrow

  • This is an informative article provided on 'as is' basis for awareness purpose only and not intended as a professional advice. The content of the article is derived from various open sources across the Internet. Digit Life Insurance is not promoting or recommending any aspect in the article or its correctness. Please verify the information and your requirement before taking any decisions.
  • All the figures reflected in the article are for illustrative purposes. The premium for Coverage that one buys depends on various factors including customer requirements, eligibility, age, demography, insurance provider, product, coverage amount, term and other factors
  • Tax Benefits, if applicable depend on the Tax Regime opted by the individual and the applicable tax provision. Please consult your Tax consultant before making any decision.

Latest News

Currently there are no news to show.

Renew & Download Policy Document, Check Challan, Credit Score, PUC & more

Anytime, Anywhere. Only on Digit App!

google-play-icon

Rated App

app-store-icon

Rated App