Since the pandemic, a lot has changed. Many term insurance policy providers have made introduced tweaks in their rules and regulations to adhere better to government guidelines.

Numerous insurance companies have begun tele-medical facilities to help potential buyers. It enables prospective seekers to get term and medical policies via tests/check-ups done over the phone. It means no need to get physical consultations from medical experts/doctors.

Earlier, a potential policy buyer was required to visit a doctor’s clinic or hospital to get the check-up done. Now, this process is replaced by a doctor who gives you a consultation over a call by requesting you to share your medical details such as prescription history and previous diseases for a term insurance policy.

What is Term Insurance?

Term insurance plans are devised to bless you with financial security for the entire family in case of the unfortunate demise of the policyholder. Furthermore, you can earn optional coverage for critical illnesses or accidental death. You are covered for a long duration, while the premiums are easy on your pocket.

What is a Term Insurance Medical Test?

If you want to buy a term insurance policy, you need to get a medical test done. It is conducted to find out your health condition so that the insurance provider can determine the best plan for you. These tests may comprise a blood test, physical, and medical history, urine test, etc.

What can you expect during a Medical Examination?

The medical examination incorporates height and weight measurement for Body Mass Index (BMI), complete blood count, urine tests, cholesterol, fasting plasma glucose, HIV, and differential count. Additional examinations can be performed depending on your sum assured, age, type of term insurance policy you are willing to purchase, and family history of illness.

What is a Tele-Medical Examination for Term Insurance Policy?

In this, physical consultations are replaced by a checkup that will be done via a telephonic call with the doctor. The policy seeker is mandated to provide all the necessary information about his/her family history of illnesses, and pre-existing ailment, along with the prescriptions for the previous illness over the phone call to the doctor.

The insurance provider is allowed to reject your application if the provided details are found to be fabricated. This online amenity is designed to help you get insurance plans without exposing yourself and healthcare experts to novel coronavirus.

What are the Benefits of a Tele-Medical Examination?

It helps a prospective seeker to buy the right plan that entails high life cover at low rates of premium. Furthermore, tests will also help insurers to get a profound understanding of the health and medical conditions of an individual.

Is it possible for NRIs to buy Term Insurance Policy via a Tele-Medical Examination?

Yes. Now, geographical boundaries will not inhibit potential policy buyers to enjoy the benefits of term insurance policies in India. It is now possible for NRIs to buy plans that authorize them a schedule a video or telemedical checkup from their residential country.

During the pandemic, the norms of underwriting were tautened and it was mandatory for customers to undergo a physical medical test. The coverage amount has undergone capping. So, now the rules and regulations are a bit relaxed that are constantly enabling NRIs to get enormous covers without undergoing any physical tests. Tele-medical tests enable NRIs around the globe to get a desired term insurance policy hassle-free. They can buy the desired plan with just a click after filling out an application form. Additionally, it is important to read all the terms and conditions carefully before you sign the policy documents.

Final Verdict:

After the outbreak of Covid-19, a majority of the world’s population has understood that insurance can easily save them from suffering from financial distress. Additionally, numerous insurance companies have taken some initiatives to make the insurance buying process easier for the seekers. They have augmented their remote services such as assessing customers’ applications and following consultations with doctors over the phone. Term insurance policy in India requires a medical examination which can also help you in the long run.

So, don’t wait for more to choose the best Term insurance policy online. It will financially safeguard your near and dear ones in case of your demise. It will allow them to continue their current lifestyle even in your absence.