Medical exam for term Insurance Plan

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:

  1. A medical test is required before buying a term policy because it helps determine the applicant's health.
  2. The insurance company then develops a customized insurance profile for the individual based on the test results.
  3. If a term life insurance policy quotes no medical exam, then the term policy you will receive may not really cover everything that a good policy should have.

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:

  • Policy's premiums are based on risk perception.
    1. The insurance premiums you pay can be significantly lowered by taking a medical exam before choosing a plan.
    2. Policies that do not require a medical exam tend to assume maximum risk, which might not be the best choice for healthy individuals.
    3. In addition, most insurance policies that do not require a medical examination tend to offer considerably lower coverage; not many insurers would provide coverage for someone who does not have a medical examination above 50 lakh.
    4. Medical coverage of this type is often insufficient for working professionals today with a few dependents, which negates the entire purpose of purchasing term insurance.
  • The best way to get term insurance is to have a medical check-up when you are in your early twenties when there are not many ailments - the body is still full of energy.
    1. You will be able to lower your premiums if you buy a term plan as soon as possible - just after you start working.
    2. Another benefit often overlooked is the free medical checkup, which can tell you a lot about your health and what you need to do to stay healthy.
  • The notion that health is wealth is quite accurate, and since we tend to put so much effort into taking care of ourselves, it would be great if we were rewarded similarly.
  • The premiums you pay for your term insurance must be aligned with your medical status. The absence of a medical test does not mean that you are immune from the various ailments that you may encounter in the future.
  • Highly likely, you will still have to declare your illness on the application form. Your claim might even be rejected if you decide to hide your health condition.
  • Each year, around 2-3% of insurance claims are rejected for this exact reason, and this is precisely why you should be wary when you see "no medical exam" quotes.


Future Generali 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.