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What Should One Expect During the Medical Evaluation for Life Insurance?

Life is unpredictable and you never know when it may come to an end in an unfortunate incident.

  • 10,532 Views | Updated on: May 22, 2024

Life is unpredictable and you never know when it may come to an end in an unfortunate incident. Therefore, it is important to secure the financial future of your loved ones in your absence. The commonest and most popular way to achieve this is with a life insurance policy.

Life insurance policy is an agreement between the insurer and you (policyholder). Under this agreement, the insurer guarantees to pay the death benefits to your beneficiaries in case of an untoward event. In return for such a guarantee, you pay the insurer a premium.

Most insurers may require you to undergo a life insurance medical test. This allows the insurer to verify that all details about your current health and past medical history are accurate. The medical test is performed by a certified and licensed practitioner.

Stages of insurance medical test

The insurance medical test is often conducted at a diagnostic facility designated by the insurer. A qualified medical professional will collect samples, perform various tests, and ask you certain questions based on a questionnaire. Generally, the entire process is completed within half an hour. Here are three phases of medical checkup for insurance.

1. Verbal questions

The evaluating medical professional will provide you with a questionnaire. You must reply to these verbally according to the best of your knowledge with sheer accuracy.

During this stage, the medical practitioner will ask you certain questions. These may include questions about past hospitalizations if any, any medicines you consume on a regular basis, history about any medical procedures you may have undergone, and about any current medical issues and diseases.

The medical professional may also ask you questions about the medical history of your close family members. Additionally, you may need to provide details about your family doctor and the facility you often use in case of illness.

You will also have to give information about your habits such as smoking, drinking, or drug abuse if any. In case you suffer from anxiety, depression, or other mental issues, you must provide details about the same to the medical practitioner during this phase.

2. Standard sampling

In this phase, standard samples, such as blood and urine may be collected for testing. The samples are checked for various diseases. The results of such tests are then cross-checked with the information provided during the verbal questionnaire stage.

3. Medical tests

Based on your age and the sum assured applied for, some additional medical tests may be conducted. The test results will be combined along with the other information collected to determine your eligibility of procuring life insurance coverage.

A full medical report includes fasting blood sugar levels, echocardiogram (ECG), blood pressure level, and complete blood count.

The primary objective of undergoing medical checkup for term insurance is to determine your health quotient. Depending on the results of the medical examination, the insurer will offer you a customized plan that is suitable as per your personal requirements. Moreover, when you are able to provide a medical fitness certificate, you may be able to reduce the premium cost, which results in significant savings over the years.

When buying a life insurance policy, it is recommended you take the medical tests first to determine your eligibility and then invest in the best plan.

- A Consumer Education Initiative series by Kotak Life

Amit Raje
Written By :
Amit Raje

Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.

Amit Raje
Reviewed By :
Prasad Pimple

Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors

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