Answering 5 most-asked questions about medical tests for term insurance

The medical test for term insurance typically includes a blood test, urine test, blood pressure check, BMI measurement, ECG, lipid profile, liver and kidney function tests, and sometimes a treadmill test. The tests help insurers assess health and allocate suitable premiums, with the extent of testing depending on age, medical history, and sum assured.

1. Why are medical tests needed for purchasing term insurance?

Term plans require a medical checkup for term insurance to corroborate the declarations made in the form. The term insurance health check up helps the company estimate your risk profile. The insurance company then decides your premium, coverage, and whether to award you insurance or not based on your medical reports. The company can also ask for a medical test if you have a family history of specific illnesses or medical conditions.

2. What medical tests are required for purchasing term insurance?

The health checkup for term insurance required during the application process may vary from case to case. It will depend upon the declarations made in the insurance form. The medical tests start with basic measurements of height and weight, which enables the company to determine your BMI. The company then calculates your risk based upon the BMI.

You are also required to undergo a blood test or a urine test that covers the following profiles. This term insurance medical test list usually includes:

1. 1. Complete blood count
2. 2. Differential blood count
3. 3. Glucose in the blood and urine

3. What are the benefits of getting the medical tests done?

Undergoing medical tests before purchasing a term insurance plan comes with its own set of benefits. A few of those are -

1. 
   a. No claim rejection due to discrepancy in the declaration
   Life insurance claims are rejectedmostly because of mistakes in the submission of personal information at the time of purchasing the policy. Getting a medical test in term insurance at the time of purchase helps avoid such discrepancies. The reports are themselves proof of your fitness and are enough for any claim approval that might arise.
2. 
   b. No heftier premiums
   Insurance policies that do not require a medical test often carry heftier premiums. This is to cover the risk of the unknown. This makes the insurance policy more expensive.
3. 
   c. More coverage
   Plans without medical tests offer lesser coverage and sum assured as compared to traditional plans which require a medical report to be submitted. With medical reports, the company can properly estimate your risk profile and hence, possibly offer you more coverage.

4. Does the Insurance company staff conduct the medical tests?
No. You will be given a list of approved medical centres nearby, and you will have to visit them to get your medical test done.

5. Do all term plans require medical tests?
No. There are term insurance plans that you can purchase without medical tests. However, the premiums of these plans are comparatively higher, and the risk coverage is lesser. Also, the terms and conditions of term insurance plans without medical tests are quite strict, so as to cover the unknown risk associated with the plans.

FAQs:

Q: What is the purpose of a term life insurance medical test?

A: A term life insurance medical test helps insurers assess your health and risk profile. It plays a key role in determining your eligibility and premium for the policy.

Q: Is a medical test required for term insurance?

A: Yes, a medical test is required for term insurance to assess your current health status. It helps insurers determine risk and offer appropriate coverage and premium rates.

Q: What is included in the term plan medical test list?

A: The term plan medical test list usually includes blood tests, urine analysis, ECG, blood pressure check, lipid profile, and other evaluations based on your age and coverage amount.

Q: What is a term insurance health check up?

A: A term insurance health check up is a medical examination required by insurers to assess your health status. It includes tests like blood work, ECG, and physical exams to determine policy eligibility.