When you purchase a term insurance plan, it is necessary to provide your health status to the insurer. It would be good if you hand over the medical test for the term insurance policy.
What do you mean by medical tests?
A medical test is all about reports of medical samples of urine, stool, blood, and so on to detect specific ailments. ECG and BP reports are essential. Moreover, there are certain tests on the basis of medical history that will be required.
Why is the medical test essential for a term plan?
If you consult Life Insurance Advisor in Noida Sector 10, he will tell you that a medical test is essential for evaluating risk factors. If a person is fit and disease-free, he has a lower risk, and moderately it has a low premium amount.
Deciding elements of medical test for insurance plan
We have experts Life Insurance Advisor in Noida Sector 21 at Bima Plus, and they will give correct information about deciding elements of medical test for the insurance policy.
Age: Usually, it is assumed that a young person is fit and disease-free compared to middle and old age. Your age is a risk calculator, and you will get the benefit of a lower premium. At the time of medical test requirement, the insurance agency will give preference to your age. Your old age compels an insurance agency to ask for a medical test.
Medical records: if you already have an existing illness or genetic diseases, the insurer may request you to provide a medical test. Your medical test will decide your resistance and risk to the respective diseases. You must submit the entire medical records in your application form. If you fail to submit information or provide wrong information, it can cause severe problems. The claim will be rejected in case if your insurer is not aware of pre-existing diseases.
Sum assured: Generally, higher summer assured policy might ask you to undergo a medical test. Insurance companies need medical tests as a safety measure because they give you a higher sum assured on behalf of big risk. In such cases, it is recommended that to go for a medical test. A substantial sum assured is that your family has finances to survive life besides with growing inflation rate.
Bima Plus team of Life Insurance Advisor in Noida Sector 2 is here to guide you in detail. However, if you are opting for term life insurance, make sure to undergo considerable medical tests