Know Everything About Tele Medical Checkup for Term Insurance

Tele Medical Checkup for Term Insurance

The pandemic has changed the very basic way we used to operate in our day-to-day lives. Remote work has become the new normal and social distancing is way more preferable over social gatherings. Keeping in tune with the trend, insurance companies too are modifying their rules to suit the changing trend. Telemedical checkups are one such step in this direction.

The pandemic effect has been felt in every part of our lives. From the way we carry out our daily lives to the way businesses operate, everything seems to have undergone a change, for the better, of course. Staying in touch with the new “social distancing” way of life, the insurance industry too seems to be fast picking pace with its tele medical checkup facility for customers. Here we talk about tele medical for term insurance and how it can be a helpful tool in the new changing times.

Tele Medical Meaning

As the name suggests, tele means via telephone. Hence, a telemedical checkup refers to a medical examination with a doctor via a phone call. This substitutes the need for a physical visit to the doctor’s office for a checkup. The person can get the same examination done over a telephonic consultation with the doctor.

Why Do We Need Medical Checkups for Term Insurance?

Now the question arises, why is there a need for a medical examination in the first place when applying for a term insurance plan? Most insurance companies require their prospective customers to get a thorough medical checkup done before purchasing a term insurance policy.

This is to determine the health status of the person buying the policy. A person with no medical history or health problems is likely to receive the benefit of high coverage and low premium owing to the lower risk involved. Besides this, a medical checkup helps determine any pre-existing health conditions for the patient before he/she decides to purchase term life insurance.

What Happens During a Medical Checkup?

The medical test required by the insurance company essentially covers a few basic tests to ensure that the person is physically fit and healthy at the time of purchasing an insurance plan. Some of these tests include measurement of height and weight, cholesterol test, urine test, differential count, HIV I and II tests, fasting plasma glucose test, and complete blood count (CBC) test.

How do Tele Medicals in Insurance Work?

As mentioned earlier, a telemedical checkup refers to a consultation with the doctor over telephone instead of physically visiting their clinic. During this teleconsultation, the person undergoing the medical examination, or the life assured in the case of term insurance, communicates all vital details about their health to the doctor over a phone call.

The person is required to disclose complete information to the doctor with regard to any health conditions that they currently have or had in the past. Besides, the doctor may also inquire about the person’s family medical history to understand how likely the person is to have the same medical condition.

All these details are discussed over telephone at a time pre-determined between the doctor and the prospective policyholder, as per both of their convenience. Based on the details gathered by the doctor and submitted to the insurance company, the latter decides whether or not to issue the term insurance policy to the prospect.

Also note that in case any of these details turn out to be false or misleading, the insurer has every right to reject the insurance application for the applicant. This is regardless of whether or not the medical examination was done physically or via a telemedical consultation.

Tele Medical Checkup Helpful for NRIs

With telemedical examinations being conducted for term insurance plans, NRIs can now easily opt for a term insurance plan in India without having to actually visit the country for a physical medical checkup. This can now simply be done over a telephonic or video consultation with a doctor in India sitting in any part of the world.

Along with a telemedical checkup, NRIs can also easily opt for a term insurance plan online. They can choose the one that best suits their medical needs and complete all the necessary formalities online. This way NRIs can continue to enjoy the benefits of an affordable term insurance plan in India from any part of the world.

Why Do You Need Term Insurance?

We discussed above the facility of a telemedical checkup for term insurance plans that has been made possible during the pandemic times. But why do we need term insurance in the first place?

Buying term insurance is one of the wisest decisions you can make in your life. It is a guarantee that your loved ones will be protected in your absence, in the event of your death. A term insurance policy offers financial protection to your family, ensuring that all of their life goals and activities continue even after you’re gone.

It is always a good idea to buy term insurance when you’re younger in order to enjoy benefits like higher coverage and lower premium rates. PayBima offers term insurance plans to financially secure your family and loved ones in your absence. You can choose the one that best suits your requirement and guarantee a life of financial security and comfort for your family.

To Conclude

Author Bio

Paybima Team

Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

Choose from India’s top insurers

Latest Post

In a country where medical inflation is rising rapidly, securing a comprehensive health coverage plan for the entire family is no longer optional, it is essential. Selecting the right health insurance requires careful evaluation of multiple factors, not just premium costs. A well-chosen plan ensures financial security, access to quality healthcare, and peace of mind during medical emergencies. 

See nowSee now

Term insurance is an important investment. However, with the availability of so many insurers offering term plans, it becomes difficult to select the best term plan to suit your needs. Buying a term plan needs some consideration and research on the part of the policyholder. In this post, let us discuss the best term insurance providers in India.

See nowSee now

Have you ever caught yourself lost in illusions about your daughter's future events, such as her university convocation and first day at work? Her university convocation. When she embarks upon her initial job after graduation will be the day. 

See nowSee now

When you sign up for a life insurance policy - whether it’s a traditional term insurance policy or a ULIP – you are not just buying peace of mind. You are also trusting the insurer with your money. So naturally, you would want to know: How is that money being managed? And more importantly, how is it being protected from risky decisions?

See nowSee now

Globally, 20th October marks the day to observe World Osteoporosis Day. Do you know the significance of observing Osteoporosis on a global platform? Do you know how this condition affects people and their lives? Let us find out in this post!

See nowSee now