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Medical Test for Term Insurance

A term insurance plan is one of the basic life insurance products available in the market. Ideally, term insurance is purchased to protect the financial future of the loved ones in your absence.

Now, even though it is one of the most convenient and simple to understand life insurance plans, it still does have many jargons. More so, you have to adhere to a checklist of requirements to apply for the policy successfully. One such condition that you need to adhere to is the medical test.

A medical test provides a clear picture to the insurer about your current health and how likely you are to develop any critical ailments in the near future. Furthermore, it helps evaluate the premiums charged on the policy and the kind of coverage provided as well.

While most people are tempted to buy a term plan that does not make it mandatory to give a medical test, we believe otherwise. In this article, we are discussing the importance of a medical test in term insurance plans. Undergoing a test helps your insurance provider to customise your plan so that you can maximise on the term insurance benefits being served to you. 

But before proceeding, let’s take a look at this example.

Mr. Verma is in his late 30s who is looking for term insurance to secure the financial future of his family. He came across different plans online that offer term insurance with a clause to undergo a medical test. Even though Mr. Verma has been leading a healthy lifestyle, he still considers getting a medical test done before purchasing the policy.

After the medical test, he discovered a particular condition that he has been suffering. Not only was he able to disclose the same in his term insurance when making the purchase but was able to consult a doctor and deal with the situation before it got worse. Therefore, getting a medical test helped him in two ways:

  1. It reduced the claim rejection chances in the future.

  2. It helped him understand his health condition before it got worse.

When Is The Term Insurance Medical Test Required?

Typically, the term insurance provider will require a medical examination in either or both of the following situations –

  • The applicant is more than 35 years old
  • The applicant has chosen a sum assured amount that is Rs. 10 Lakh and above

Besides, some insurers do not request for a medical examination for applicants until the age of 40 years. On the other hand, the coverage can be up to Rs. 20 Lakh – Rs. 25 Lakh. For applicants with pre-existing ailments, severe family health history, or hereditary condition, the insurer will require a medical test before issuing the term plan. In This case, it stands true even for young applicants. However, it is highly advisable to check with the insurer the medical examination requirements before applying for the term insurance policy.

Why Is A Medical Test For Term Insurance Required?

When you (the applicant) are in your late 30s and seeking high coverage when buying term insurance, the insurer is taking a risk by insuring you. If the insurer does not consider your health condition before issuing the policy, they can face a significant financial loss in the future.

In other words, if a claim is raised soon, the insurer will be liable to pay the coverage at an early stage of the term plan. Therefore, most insurers in India ask the applicants to take a medical test when applying for the term insurance plan. Based on the test results, the insurer will determine your term insurance premiums.

You can use the term insurance calculator that will help you determine the premiums charged on your opted coverage and rider benefits. All you have to do is provide your information and answer a few lifestyle habit-related questions. The tool will then calculate the premium amount based on the filled information.

What Medical Tests Are Needed For Term Insurance?

The types of medical tests that you need to take depends on your age and the coverage amount. It includes checking the following things –

  • Blood pressure
  • BMI (weight and height)
  • Routine urine analysis
  • Complete blood count
  • Lipid profile
  • Differential blood count
  • Haemoglobin levels
  • Fasting and postprandial blood sugar levels
  • Electrocardiogram

Benefits of Undergoing A Medical Test for Term Insurance

We understand that amidst fulfilling the requirements of the term insurance plan, a lot of people find it comforting to skip the medical test. However, this may not prove useful in the long run. Let us understand a few reasons why you should consider undergoing a medical test.

1. It helps the insurer determine the correct premium amount based on your health condition

Even though a few insurers claim that a medical test is not a mandatory criterion when buying term insurance, know that there is a catch. The insurance companies have a scale for risk that ranges between low to high.

So, if you are significantly healthy, you are considered a low-risk applicant. In case you do have certain health issues, you are considered as a high-risk applicant. Further, this helps the insurer decide the premium amount to be charged. As a simple rule, low-risk applicants have to pay low premiums, while the high-risk applicants have to pay relatively high dividends.

Now, in case you opt to skip the medical test, you are assumed to be a high-risk applicant (irrespective of how healthy you are). This means you will end up making a bad deal on any term insurance plan that you purchase.

2. Gets you the right term insurance deal

For term insurance plans that do not make a medical test mandatory, you still have to enlist any pre-existing ailments (applicable to you). Failing to declare these diseases or hiding it from your insurer will lead to rejection in claims made in the future.

As mentioned earlier, you are assumed to be a high-risk applicant when you skip the medical test. This also means that you will be paying high premiums for a small sum assured amount, which makes it a bad deal for you.

3. Alerts you on any critical health condition that you may be suffering from

Many people now understand the importance of health. In fact, they are gradually taking steps towards a healthy lifestyle with a maintained diet, regular exercises, and focus on mental well-being. Keeping this in mind, there is no harm to get a medical test done before buying term insurance. That way, you will be able to know your health condition and make better health choices to improve the same.


You will be able to buy term insurance that best suits your needs if you are well-versed with your current health condition. And this can be determined with a medical test before buying the policy. Also, you should mention all the health conditions that you are suffering from in the application, as it makes it easy to make future claims.

If you are looking to buy term insurance, visit Finserv MARKETS.

The term insurance plans available on Finserv MARKETS offer benefits such as comprehensive coverage, the premiums charged are quite affordable, there are bespoke term insurance plans that best suit your needs, and so much more.

So, don’t wait! Get term insurance at Finserv MARKETS, right away.

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