What Is Telemedical Check-Ups For Term Insurance?

From normalising the use of masks and sanitisers in our daily lives to working from home, the COVID-19 pandemic has changed our ways of life altogether. Moreover, companies from all sectors have moulded their policies and rules to adhere to the government guidelines strictly and spread awareness by practising and promoting social distancing. For instance, several Indian banks have started providing their customers with online video conferencing for the KYC procedure to open a new account instead of the traditional visit to a branch. 

Many insurance companies like Max Bupa, HDFC Ergo, Tata AIA, and Religare have caught up with the trend and have introduced telemedical check-up services for term insurance policies. The following article elaborates on the facility, but first, let’s learn about these medical examinations and their benefits.

What Happens in a Medical Examination?

The medical test mainly included weight and height measurements for Body Mass Index (BMI), urine tests, cholesterol, complete blood count, differential count, fasting plasma glucose and HIV I and II. Moreover, additional tests can be conducted according to your age, sum assured, family history of illness and the type of the purchased term insurance policy. 

What are the Benefits of a Medical Examination?

A term insurance policy with a medical examination can help a fit and healthy individual get a suitable plan with high coverage and sum assured at low premium rates because of the low-risk evaluation. Moreover, the test also gives a reality check about the individual’s health and medical conditions.

Concept of Telemedical Check-Ups For Term Insurance

A telemedical check-up is done through a phone call with the doctor instead of a physical consultation. The life assured has to provide the doctor with all details and information about his/her family disease history, any pre-existing illness and prescriptions of past ailments over the phone call made at the pre-decided time. The insurance policy can reject the application if it finds out that the disclosed information is false.

This facility has helped ensure the continuity of insurance policies without exposing doctors and policyholders to the threat of the COVID-19 virus. 

Take Away

Although only a few insurance companies have adopted the practice of telemedical check-ups, that too on a limited scale; it is expected that the facility would be implemented all over the country to help people get a life insurance policy from the comforts of their safe houses. 

Also Read:

4 Things to Consider While Buying a Term Insurance Plan

Importance of a Term Insurance Medical Test

Disclaimer: This article is issued in the general public interest and is meant for general information purposes only. Readers are advised not to rely on the article's contents as conclusive and should research further or consult an expert in this regard.