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Is a Medical Examination Necessary for Term Insurance?

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Commercial Vehicle

Term insurance is generally considered as the purest and cheapest form of life insurance policies. You and your family are assured a lifetime of financial security with a term insurance plan. In order to avail a good term insurance policy, apart from providing the insurer with the required documents, you will also have to go through a medical test.

A medical examination is important it helps the insurers in calculating the risk perception. A relatively healthier individual is at lower risk, and therefore, is generally offered lower premiums following a medical examination.

Today there are various term insurance plans that come with 'No Medical Test Required' option. However, you need to have some caution here since such term plans are generally of low-value. Even if you are young and healthy without any medical history, the insurance providers will not offer a cover that’s more than 5 lakh without a medical examination.

Simply put, if you are looking for a term insurance policy with a high insurance cover, your medical examination is a must.

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