Medical Test for Term Insurance

1. Medical Test for Term Insurance

2. Why are medical tests needed for purchasing term insurance? • Medical test results are required for term plans in order to verify the information provided on the form. Medical examinations aid the business in determining your risk profile. • Based on your medical records, the insurance company then determines your premium, coverage, and whether or not to grant you insurance. If you have a family history of a certain illness or medical condition, the employer may additionally request a medical test for term insurance.

3. Benefits of getting the medical test done : Before buying a term insurance policy, getting a medical exam has advantages of its own. Some of those include: • No claim rejection due to discrepancy in the declaration Most life insurance claims are denied as a result of errors in the personal information that was provided when the policy was purchased. You are freed from this obligation if you undergo a medical exam while buying insurance. The findings suffice to support any potential claim approval as evidence of your fitness. • No heftier premiums Insurance plans without a medical exam frequently have higher premiums. This is done to protect against unknown risks. The insurance policy becomes more expensive as a result. • More coverage Plans without medical tests provide less coverage and sum assured than conventional plans, which demand the submission of a medical report. The firm can accurately determine your risk profile and, as a result, may be able to offer you greater coverage if you provide medical data.

4. Thank You