Kotak Life
Close

Buy a Life Insurance Plan in a few clicks

Close

Now you can buy life insurance plan online.

Kotak e-Term Plan

Kotak e-Term Plan provides a high level of protection to your loved ones in your absence. Know more

Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality. Know more

Kotak E-Invest

Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs. Know more

Kotak Health Shield

Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability. Know more

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime! Know more

Why is Medical Test Important While Buying a Term Insurance?

Why is Medical Test Important While Buying a Term Insurance?
  • 3rd May 2019 |
  • 21,969

These days, many insurance providers advertise a ’no medical test’ term plan. This surely attracts customers because they think not going through medical tests can help them save time and get better terms. However, that is a false notion. A medical test is a necessity when it comes to buying a term insurance plan. If you are wondering, what medical test is required for term insurance, you must know that the answer is subjective depending on the customer. The goal of the medical test is to find the exact condition of your health so that the policy provider can create the best plan for you.

However, every insurance applicant must take a few basic tests such as Complete Blood Count, Differential Count, Fasting Plasma Glucose, Cholesterol, HIV I and II, and urine test. The test depends on different factors such as your age, family medical history, and the kind of insurance policy you apply for.

What Does a Medical Test for Term Insurance Consist of?

The nature of medical tests varies from case to case. It largely depends on the declarations made by the applicant and can consist of the following in addition to other tests depending on your lifestyle habits, current illnesses, and medical history.

  • Height and weight for determining the BMI (Body Mass Index).
  • A blood or urine test covering various profiles, like CBC (Complete Blood Count), glucose etc.

When is a term insurance medical test mandatory?

A medical test is normally mandatory in either or both cases.

  • If you are older than 35 years.
  • If you pick a sum assured of INR 10 lakhs or more.

There may be some term insurance plans that do not require medical tests. However, pre-existing illnesses, family history, and hereditary conditions would require a medical test irrespective of the age or amount of sum assured.

Buy Life Insurance Now

Why Medical Test Is Required for Term Insurance Plan?

The main purpose of these medical tests is for the insurance company to know everything about your health so it can create a term plan that fits your needs perfectly. One single policy can never work for every policyholder as different families have varied requirements. For that reason, the policies that do not require any medical test can never be right for you. The terms of the insurance
plan are decided based on the results of the medical tests that the insurer asks you to take. Let’s take a look at some reasons as to why medical test is required for term insurance:

1. Premiums:

The primary goal of the insurer is to determine the amount of premium you need to pay for your term plan. The insurance business works based on risk perception. So, it is important for the insurance company to know your medical condition before they can decide how much premium you need to pay. If you are physically healthy then your premium will be lower. However, if you have pre-existing medical conditions the risk factor is higher, which will lead to a higher amount of premium.

2. Sum Assured

Another aspect of term insurance is the sum assured. The sum assured is the amount of money that your nominees are paid in case of an unfortunate event takes place during the tenure of the term plan. The medical test for term insurance helps the policy providers to know everything about your health condition. They can then offer you a higher amount of sum assured if you are relatively healthy. The term plans without any medical test offer a lower amount of sum assured, which, in most cases, are not adequate to financially cover your family.

3. Claim Rejection

If you think, you can get a good deal despite having a pre-existing condition by buying a term plan that does not require a medical test, you are wrong. In most cases, the insurers reject the policy claim if it is found that the policyholder’s death is a result of any pre-existing condition.

4. Low Coverage

If you are taking a term plan or life insurance policy without any medical checkup, then the policy is bound to provide lower coverage. This is because the insurer has to compensate for the risk linked with unknown medical issues that you may have which have not been revealed to the company.

You surely understand now that term insurance without a medical test cannot serve you as well as a term policy that requires a medical test. You might find the process a little grueling but it helps you in the long run. Your goal is to leave your family with enough money so they can maintain their lifestyle after you. Only the right plan can help you with that.

What are the benefits of having medical tests for term insurance done?

Here are some benefits:

  • Reduced possibility of claim rejection - Any discrepancies in personal details at the time of buying the policy and while making a claim can result in the claim getting rejected. Medical tests serve as documentary evidence of the details submitted earlier and can thus support your claim.
  • Reality check - The test reports give you insights on your medical conditions. This aids in taking preventive and remedial measures for leading a healthy life.
  • Reasonable premium rates - Having a healthy body is rewarded by lower premium rates. You can thus enjoy modest savings through lower premium fees.
  • Higher sum assured - Term insurance plans requiring medical check-ups normally offer a higher sum assured depending on the test results. This allows you to create a larger corpus for your family during unfortunate times.
  • How does your health affect your premium and coverage?

    • There exists a direct correlation between premiums and mortality risk. The higher the mortality risk, the higher is the premium amount. Thus, your health conditions significantly affect the premium and coverage.
    • Having said that, a lower premium must not be the sole criteria for selecting a term plan. Besides, the premium amount and coverage vary for each insurer. So, you must also take into account the creditability of the insurance company.

    Kotak Life is a reputed name in the insurance industry that offers customised protection solutions at competitive premium rates. Kotak e-Term Plan is a pure life protection product that addresses the needs of your loved ones in your absence. The plan can offer financial support to your family during testing times.

    FAQs

    1. What is the need for medical tests for purchasing term insurance?

    A medical test enables the insurer to evaluate your medical condition. A medical assessment is essential as it determines the probability of making future claims. Hence, an illness that can cause premature demise results in a higher premium or restriction on the sum assured amount. In some cases, the insurer may also refuse to offer you insurance if your medical tests are not satisfactory.

    2. Does the insurance company staff conduct medical tests?

    No, the insurance company staff does not conduct medical tests. The insurance company has a network of registered medical centres. You can visit any of these as per your convenience.

    3. Do all term plans require medical tests?

    The policy term and conditions can differ from insurer to insurer. A thorough health check-up enables the insurer to take into account the risk of unknown associated medical conditions and offer you suitable coverage. But all term plans do not require a medical test. However, such plans usually charge higher premiums and offer lower coverage.

    Buy Term insurance Online

Kotak e-Term Plan

Features

  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492

T&C

Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Different Types of Protection Plans

Term Insurance: Smokers vs Non-Smokers

Term Insurance Basics You Should Know

4 Reasons Why You Need Critical Illness Cover

8 Benefits of Term Insurance You Should Know

All you need to Know about Term Insurance Plans for Housewives

Why Term Insurance Is Better Than ULIP?

Is Group Term Life Insurance Provided By Employer Sufficient?

Top 3 Reasons Why You Should Buy A Term Plan Now

Difference between Term Insurance and Life Insurance

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

Make Your Online Term Plan Your Family's Monthly Pay Cheque

What Is the Correct Age to Buy Term Insurance?

What is Term Insurance - A Complete Guide

4 Methods to Calculate How Much Term Insurance You Need

Why 1 Cr Term Plan Is Necessary For Family?

Term Vs. Whole Life Insurance: Which One You Should Buy in India?

Protection for your family

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

Planning For Son or Daughter's Wedding

Online vs Offline Term Insurance: Which Is The Better Option To Buy

Term Insurance: What Happens When You Don’t Pay Your Premiums?

How to Surrender Term Life Insurance When you have No Liabilities

8 Factors to consider before choosing a Critical Illness Insurance

Why is it important to buy term insurance plan?

What Types of Deaths Are Covered in a Term Insurance Plan?

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

5 Benefits of Early Retirement Planning

Why does every working woman need life insurance?

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

What are the Documents Required for Term Insurance Plan?

How to Ensure That Your Term Insurance Claims Are Never Rejected?

Choosing Riders for Insurance Plans

Term Plans are Definitely Cheaper than You Think!

Should You Buy a Term Plan After 40?

6 Types of Death not covered in Term Insurance Plan

Can I Make Changes to My Term Insurance Policy Post Purchase?

Can I Get Term Insurance on Behalf of My Spouse?

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Why Should You Buy Term Insurance in 2022?

What Is a Renewable Term Insurance Policy?

Buying A Term Insurance Plan? Take These Factors into Account

Cost of Term Insurance Likely to Increase Soon

Insurance Policy for Housewife In India

6 Reasons That Make Term Insurance a Must Buy

Should Youngsters, Working Couples Buy Term Insurance Plans?

Busting Myths and Facts About Term Insurance Policies

Why Should You Add a Rider to a Term Insurance Plan?

5 Things To Consider While Buying Term Insurance Plan

Does Term Insurance Cover Accidental Death?

Why Married People Should Buy Term Insurance Under MWP Act?

Why Buy Term Insurance Plan With a High Cover?

Can Term Insurance Plans Be Purchased As A Gift?

Is Life Insurance Investment Worthy Enough

Why Premium Amount for Term Insurance is So Low?

How To Calculate The Amount Of Term Life Insurance You Need?

Can I Buy Term Insurance for a COVID-19 Patient?

How to Identify Term Insurance According to Your Needs?

What is Critical Illness Policy

Is a Term Insurance Policy Portable?

Everything About Claim Settlement Ratio for Term Insurance

What All Documents Required For Term Insurance In India?

Why Term Insurance Is Important in times of COVID-19?

How Does A Term Life Insurance Work in India?

Increasing Term Insurance and Riders

5 Reasons to Buy Term Insurance When You are in Your 30s

Is term Insurance Needed for People With No Dependents?

Why Term Plan Should Be The First Step To Securing Your Future?

Term Insurance with Critical Illness

Why Should You Not Take A Term Plan Without Medical Test in India?

Why Should New Parents Buy Term Life Insurance?

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

Term Insurance Plans and Policies for Smokers

How To Choose the Right Sum Assured Under a Term Plan?

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

Is Term Life Insurance Plan an Investment or Expense?

Eligibility Criteria for Buying Term Insurance in India

How Does Term Life Insurance Work? Learn the Benefits

9 Most Frequently Asked Questions on Term Insurance

Do I Need to Give a Medical Test for Term Insurance in India?

9 Ways to Help Family Members in Financial Trouble

All About Term Insurance Inbuilt Coverage

10-Year Term Life Insurance Policy - Explained in Detail

How to Buy 1 Crore Life Insurance Policy Without Medical Test

Ensure Protection Against Death, Disease & Disability With Life Insurance

Term Insurance With Riders In India

Can Senior Citizens Avail Term Insurance?

What Should Be The Duration Of Your Term Plan in India?

Steps on How to Buy Term Insurance Online

Insuring Against Accidents with an Accidental Death Insurance Rider

Planning For Children's Future

Is ₹1 Crore Term Insurance Good Enough Cover?

Should You Have Multiple Term Life Insurance Policies?

Advantages of Buying Term Insurance in Your 50s

5 Term Insurance Benefits for Single Women

How To Choose the Right Term Insurance Plan?

How to Compare Term Insurance Online

Is There Any Tax Benefit on Term Insurance?

Term Insurance Age Limit – Term Plan for All Age Groups

Term Life Insurance Plan for Smokers vs Non-Smokers

What Are Insurance Riders and How to Choose Them in a Term Plan?

What are incremental term insurance plans?

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

What Are the Best Term Insurance Plans for Planning Retirement?

Best Investment Plans for Children - Secure Your Child's Future

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

Can A Housewife Buy a Term Insurance Plan - All You Need to Know

Term Plan with Spouse Cover

Tax Benefits of Term Insurance in India

Reasons You Need Term Insurance Plan as a Self-Employed Person

What Should You opt for - Limited or Premium Pay?

Insuring Protection Against Death With Death Insurance Rider

Tips to Choose the Right Term Period for Term Insurance Plan

Do You Need Term Insurance Cover After Retirement?

Endowment Plans vs Term Plans: Understanding the difference

Do Beneficiaries Pay Taxes on Term Insurance?

Is It Good To Buy A Term Insurance Plan In 2022?

What Happens if you Hide Facts in your Term Insurance?

Insuring Against Disability With Disability Insurance Rider

While Buying Term Insurance Compare Features, Not Just Premiums

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

Why should single women purchase term life insurance?

Insuring yourself against Ill Health with a Critical Illness Rider

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

Can I Extend the Tenure of My Term Insurance Plan?

Term Insurance – Why You Must Include In Your Financial Planning?

Different Types of Premium in Term Insurance

Individual Life Insurance vs. Group Term Life Insurance

4 Things To Expect From Your Term Insurance Plan in India

Does Your Term Insurance Plan Cover Death Due to COVID-19?

Comparing Term Plans – What Should You Look Out For

Calculating Term Insurance Premium

Understanding Term Insurance Riders

How To Change The Nominee in Term Insurance?

How Not To Get Your Term Insurance Claim Rejected

Make Your Online Term Plan Your Familys Monthly Payout

How Much Term Insurance Do I Need

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

Gift Your Father A Term Insurance Plan This Father's Day

Know How to Invest at Every Age for Larger Returns

Can You Increase Your Term Insurance Cover?

How Much Cover Should I Take In A Term Plan?

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

What is Insurance Premium - A Detailed Guide

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

Term Insurance Calculator - Everythng You Need To Know

Which Death Type Does Your Term Plan Not Cover?

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

Importance of Term Insurance at Every Stage of Your Life

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan

How Much Term Life Insurance Cover Do I Need in India?

Advantages & Disadvantages of Term Insurance in India

8 Things To Do After Buying Term Insurance

What is a short term insurance policy?

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

Why Buy Term Insurance Even at Rising Rates?