Medical examination for life insurance

Life insurance provides financial support to the families upon the policyholder's death to sustain their current lifestyle in the absence of the bread-earner. Life insurance coverage and premiums depend on factors like age, income, geographical location, pre-existing health conditions, lifestyle habits and more.

To assess the health status of the potential life insurance policyholder, insurers make them go through medical tests before buying the policy. Through this article, we discuss the medical tests conducted during the purchase of life insurance.

Why are Medical tests required to purchase life insurance?

Every life insurance plan comes with its eligibility criteria, which every customer must fulfill to purchase that plan for themselves.

Medical tests for life insurance are one of the most essential criteria every individual must go through, but why are the medical tests necessary? let's discuss:

Importance of Medical Tests in Life Insurance

Types of Medical Tests for Life Insurance

Medical tests for life insurance are conducted among the following three categories.

1. Video-Consultation

   Under -consultation, a qualified doctor by the insurer will conduct one to one video call with a customer, which includes:

   • Asking for basic information about the customer, such as age, existing illness, and lifestyle.
   • Cross-verify the details with the proposal form filled out by the customer.

2. Home visit

   Under the home visit, a group of medical professionals by the insurer visit the customer's home and conduct a few tests, which include:

   • Blood test.
   • ECG
   • Diabetes test
   • Blood sugar
   • Treadmill Test

   The Home visit would be done if the doctor issuspicious about your health during the Video- Consultation

3. Center Visits

   Under the center visit, the insurer company sets up the customer appointment with the listed hospitals to conduct a few tests, which include:

   • Ultrasonography
   • Echocardiography
   • Lipid Profile
   • Liver Function test

   The center visit would be done if the customer has any existing or has mentioned any illness in the proposal form

Charges Associated with Medical Tests for Life Insurance

Charges associated with the life insurance totally depend upon the issuance of the Policy. If the Policy is issued after the medical tests, all the charges will be borne by the insurer company. However, if the Policy fails to be issued, all the charges will be paid by the customer.

Conclusion

Medical tests for life insurance depend upon the person-to-person profile; someone with a greater age and higher risk profile will go through more no. of tests compared to someone with a lower age and low-risk profile. It is advisable to take a medical examination while opting for living insurance because it helps the insurer determine the life insurance coverage.