The pandemic brought about many changes to the way of life itself. Companies and businesses from different sectors upgraded their rules to meet the guidelines set by the government. We have achieved standard social distancing rules and ensure distancing and ensuring that a place is not overcrowded. For example, banks have introduced online KYC via video calls.
Likewise, hospitals and insurance companies have upgraded their rules and policies. Many insurance companies have introduced telemedical check-ups for policyholders. In simple terms, policy buyers can avail of check-ups and tests over the call and avoid visiting the hospital. It is often practiced when purchasing a term insurance policy.
Let us learn more about this in detail.
What happens during the term insurance medical examination?
You must undergo a medical examination when you wish to take a term insurance policy. During this examination, a few standard tests like measurement of height, measurement of weight, cholesterol test, HIV I and II, urine test, blood cell count, and a glucose test are taken. Depending on your gender, age, family’s medical history, the policy, and the sum assured, you might need to get some additional tests done. These tests are often conducted at a hospital as prescribed by the insurance company.
Why is a medical examination necessary?
The medical examination before getting a term insurance policy is not just mandatory but also beneficial. The individual can obtain a good plan by paying a low premium. Also, the sum assured is high.
How different is a telemedical check-up from a regular medical check-up for term insurance?
While a person needs to visit the hospital in person for a regular term insurance medical check-up, the tests can be done at home in the telemedical check-up system. The individual can complete the consultation with a doctor over a call, and there is no need to visit a hospital or a clinic. The policyholder must provide all the required details correctly about any existing illnesses and the family’s medical history during the call with the doctor. The policyholder is given a specific time for the call, and they need to be available during that time.
For any additional tests like the blood test and others, the samples are collected from the doorstep, and the reports are shared with you and the insurance provider. During the telemedical check-up, it is essential to furnish the correct details. Suppose the information provided is found to be false. In that case, the insurance company might even reject your application, or it can even result in claim rejection later on for incorrect facts shared or hidden facts.
The telemedical check-up served as a boon to various individuals during the pandemic, as they could take term insurance policies without stepping out of their homes. It was safe for the doctors as well. Now, it is a feature that adds convenience to buying a term plan.
Telemedical check-ups have opened up a way to reach policyholders remotely, changing how insurance companies in India operate.
Conclusion
Many people have realized and understood the benefits of term life insurance in recent years. More and more people are applying for term insurance plans, signaling their intent toward securing their families financially. People are now going for term insurance in larger numbers, choosing higher coverage amounts, keeping inflation, their debts, and the future needs of the family in mind, and most importantly, paying premiums regularly without defaults.
These are significant trends that have altered the insurance landscape in the country and made things simpler for insurers as well. At the same time, with telemedical check-ups in vogue, the entire procedure has only become more convenient for aspiring policyholders.
