Ramesh took a term plan which did not need a medical check-up. However, when his terminal illness took the better of him, the insurance company refused the claim and he was left with no other choice but to shell out money from his pocket for his treatment. It was then that Ramesh wished he had taken a plan with a medical test.

It is often that we see ads around term insurance plans , stating clauses such as ‘NO Medical Tests Required!’ Even though the phrase is quite catchy and many people tend to fall for such a thing, it is important that you watch yourself falling for it. What does it mean when a term life insurance quotes no medical exam? In this post, we will explore the role of medical exams in term insurance policies.

Why do you need a medical test?

Here are a few reasons why a medical test is needed:

A term plan without a medical check-up may have several unintended consequences. We will shed light on term insurance in great detail, and seek to dispel some myths surrounding no-medical-exam term insurance.

Understanding the Risk Perception

Here’s a brief understanding of the risk perception:

Conclusion

Generali Central Flexi Online Term plan includes a mandatory health checkup. With a term plan , you can cover many expenses, such as hospitalization costs, daycare treatment expenses, pre and post hospitalization expenses, organ donor expenses, and domestic hospital expenses, among others.

Furthermore, this plan is quite easy to obtain. It is a hassle-free four-step process. After you estimate the amount of coverage you might need, you can choose the type of policy you want and the benefits you want to include. With the free online calculator, you can calculate the premium amount and the sum assured. The final step to activating your plan is paying your first premium.