Importance of Medical Tests Before Buying Medical Insurance
A commonplace advertisement from insurance companies is ‘no medical tests necessary to purchase an insurance policy’. Folks are attracted to the capability of no-test policy when compared to one which requires all medical tests. But could it be really right to buy a policy without knowing your health condition?
Every individual likely to buy an insurance policy whether health or life insurance must undergo medical lab tests as prescribed and really should be familiar with his health condition. This content discusses the importance and known reasons for getting an insurance policy after taking medical tests appropriately.
Premiums derive from health conditionThe premiums of an insurance policy are charged predicated on the individual’s health condition. You need to produce a declaration about your trouble in policy form and the insurer fixes a premium rate based on your discloser.
For understanding this obviously, lets take a good example of two people. Of them, you have high sugar amounts and your partner has normal sugar amounts. If both take policy from a company that will not require medical tests after that both will be billed same premium. However in reality, the premiums for normal persons ought to be significantly less than the premiums of others with health issues.
The policies that want no-medical tests are:
Low value policies: Policies that usually do not consider lab tests offer cover only Rs 5 lakh. Therefore, if you are searching for an increased cover, that serves your life/health insurance needs, you then should take pure security policy that will require you to endure medical tests.
Susceptible to rejection easily: Generally, the person who’s taking insurance with out a medical test might not be alert to his/her health condition. S/He may have problems with an illness and could not find out about it till a medical test is conducted. When this happens, an insurer can reject the state as these policies contain suppressed information of your health condition without proper underwriting. Therefore, these types of unintentional errors may simply deprive insurance cover even for all those paying huge premiums.
Cover could be inadequate: In the event that you get policies that want no medical tests, you then may also get the policy which has no appropriate insurance cover. It really is like getting insured, but having no sufficient insurance protection.
It is the real responsibility of insurance company to look for the health condition of an insurance buyer. An insurance company just can’t deny the claim since it can be its responsibility to subject matter the policyholder to medical tests and fix the premium.
Thus, an in depth medical examination that will require bloodstream and urinalysis related testing, blood sugar, ECG, bloodstream count, blood circulation pressure, blood serum testing etc. will advantage you manifold. It offers your health condition report which lets you know how match you are. In case you are experiencing any illness, obtain it healed before it ruins your health. Get complete medical record of your health before buying policy.