Life Insurance Policy with Pre-Existing Health Condition


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Do you know if a life term insurance plan is offered to an applicant suffering from a pre-existing health condition by an insurance company? If so, what are the conditions? Let us find out in this post.

Life Insurance is one of the most convenient and cost-effective ways to monetarily secure the life of your family members in the event of your untimely death. However, when it comes to people who are suffering from a pre-existing disease and who want to avail life insurance plans, they are unsure about applying for a policy. This is because they are always worried if they could qualify for the insurance or if they could pass the health test to buy the policy. Moreover, even if they are eligible for the policy, will they be able to afford the premium since people with pre-existing health condition are expected to levy heavy premiums by insurers. All these and much more concerns appear when people apply for life insurance with existing medical conditions. Let us discuss if these fears are genuine or not.

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Can a Person with Pre-Existing Disease Avail Life Insurance Cover with Ease?   

The fact is, it is much easier for a young and healthy person to avail life insurance as they can get the best quote. However, it is also a fact that people can buy life insurance with pre-existing health condition or critical illnesses.

As per the definition of pre-existing disease provided by IRDAI or the Insurance Regulatory And Development Authority, the organization has termed it as any condition or an injury, disease etc., for which the policyholder shows any signs or is diagnosed or has received treatment within 4 years preceding the first policy issued by the insurance company and which was renewed subsequently.

Now, as per the IRDAI definition, a large population of the country comes under the category of people who have some or the other disease that is pre-existing. With this point in consideration, insurance companies offer policies to people falling in the above category.

What Happens If a Person has Terminal Illness?

In case of terminal illnesses,  many life insurance companies tend to avoid selling policies to such people who are suffering from terminal diseases.  If the condition is curable, the  insurer might like to sell the policy, while if the condition is incurable they might reconsider offering the coverage.

Also, people with critical pre-existing diseases require to pay high charges of premium for life insurance. This is because offering insurance coverage to such people is more risky than to people without any pre-existing diseases.  You may like to know what medical conditions affect life insurance? So, here you go.

People with following critical diseases might asked to pay more premium price:

  • Diabetes
  • Heart diseases
  • Kidney ailments
  • High Blood Pressure
  • Obesity
  • High cholesterol etc.

Further, people suffering from ailments like HIV/AIDS, Cancer and Liver failure find it difficult to get insurance.  However, you may note that insurers offering life insurance policies cannot deny death claims of their existing clients/policyholders that are caused because of any terminal disease.  But offering policies to such terminally diseased applicants is something that the insurer may or may not consider.

To Conclude

So, as discussed above, pre-existing health issues are not a factor that should deter a person from applying for life insurance. After all, life insurance is the best means to financially secure the future and life of your loved ones in your absence.

As seen in the above discussion, you cannot claim if a life insurance company will offer you life cover with your pre-existing conditions or not. Also, you can’t assume if they will charge  a higher premium. So, unless you apply and follow the procedure you will not come to know. Thus, it is better to apply first for life insurance cover for pre-existing medical conditions as most insurers these days offer life term policies to applicants with pre-existing health conditions.

However, before jumping into any plan, it is important for applicants to compare different policies available and pick the best life insurance for pre-existing medical conditions that suits your needs in terms of affordability and requirement.

Also read: Top 5 Reasons Why You Must Buy A Term Life Insurance Policy

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.


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Sep 19, 2022
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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.

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