Is there a need of undergoing medical tests for a term insurance policy in India?

medical tests

Whether you are a family man or a single individual, planning for the future is very important. And as we talk about future planning, finances is one of the most important things. Well, in that case, you must start investing your money as soon as possible. Although there are so many options for investments available in the market in India, one of the most sensible things that you can do is buy a term insurance policy.

One of the best things about buying a term insurance plan is that you can rest assured about the financial security of your family even when you are not there around them any longer. The second best thing about this policy is that you can save taxes. If everything about term insurance plans sounds good to you, you can proceed ahead to buy one for a stable future for your family.

There are several term insurance policies provided by many insurance companies. However, while choosing one, you need to make sure that the one you are buying will be enough for your family when you are not there with them to provide them with financial support. You also must check the claim settlement ratio of the insurance company. Doing so will give you a clear idea of the chances of claiming the term insurance and getting any good result out of it.

As you intend to purchase a term insurance policy, you must be aware of the fact that you may have to undergo a term insurance medical test.  Many people wonder whether undergoing a medical test to buy a term insurance plan is required or not. Well, to know about this, let us discuss the significance of a medical test for buying a term insurance policy.

When you undergo a medical test while purchasing a term insurance plan, your health conditions are disclosed. An insurance company needs to know if you have any health issues or not. Depending upon the health problems, they may accept your proposal for term insurance or may reject it. If you try to hide your health issues, it can have severe implications while the nominees try to claim. Many policies in the market claim that they do not need their policyholders to undergo any medical tests. However, they surely ask the policyholders to mention on paper whether they have any health issues or not. You need to be very honest about mentioning this. If they later find out that you lied, they may reject the claims of the beneficiaries.

Determinant factors for a medical test for a term insurance plan

Some factors determine a medical test that you would need to buy a term insurance policy. Let us discuss some of them:


When it is about the medical test for a term insurance policy, age plays a vital role. If you are young, the tests may not be that important. However, if you are a little older, you would be required to undergo several medical tests. This is because with age comes several types of diseases, and the insurance companies will simply not take a chance.

Sum assured

The policies that come with a higher sum may demand the policy buyers to undergo a medical test. Since the insurance company will provide a large amount of money, it will require tests to decide if they should offer that much amount.

Medical history

If you have hereditary diseases or pre-existing ailments, you will be asked to undergo certain medical tests. This will help the insurance company to determine if the disease can worsen and whether they should approve the term insurance policy.

You can visit the website of IIFL to know more about term insurance policies and the companies that provide them.

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