4 min read
Updated on Apr 25, 2023
The physical medical check-up done before buying a term insurance policy has been a detriment in many ways. However, insurers have now started offering policies through telemedical interviews. So, rather than conducting the physical medical tests before buying the policy, it is now done over a call. This way, the insurer saves a lot of time in terms of turnaround time as well as it supports policy seeker to avail right coverage amount.
The telemedical interview is a process under which an interview is conducted over a telephone call to ask a few questions to people willing to buy a term plan. The telemedical is done by doctors appointed for this purpose. The questions asked include things related to lifestyle, medical conditions and more. This conversation is recorded and kept as proof for later use to collect information related to health risks. Moreover, this conversation is also used by the insurer to decide if they are interested in issuing a policy to the person or not.
Most of the questions asked in telemedical in term insurance are similar for different insurance companies. Below are some questions asked in a telemedical interview:
The policy seeker of a tele medical term plan is advised to answer all the questions asked in an honest manner to avail the right coverage at the right premium price. This is because if you hide any information from your insurance company it will be considered breach of trust or fraud in case the truth is revealed at a later stage at the time of claim settlement.
To prepare for a telemedical for term insurance, a policy seeker must keep all healthcare related information handy during the question answer session. You may provide all the information accurately and save time.
Below is a list of information that might be required at the time of telemedical interview:
Insurance companies conduct Telemedical interviews because it eliminates the need to get a physical check-up done by visiting a hospital. Under telemedical, the medical examination is conducted over the phone by certified doctors. This facility was very fruitful during the covid-19 period when people hesitated to visit clinics for getting medical check-ups done.
Also, by discussing the various conditions of a policy seeker by personally talking to him/her, a doctor can confirm the state of health of the person well. So, it serves as a more effective alternative for insurance companies.
The process of telemedical has reduced the cost of insurance companies in terms of providing enhanced risk assessment significantly. It has also reduced the turnaround time and supports the client to get better coverage by describing every fact correctly. Moreover, the client is more at ease to share details on call.
Replacing the pre-medical check-up, which is a mandate for buying term insurance with most insurance companies, with telemedical interview is definitely a convenient and time-saving option that is going to support the purchase process of term plans.
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Questions asked in a telemedical interview may include things about your lifestyle, your habits like if you smoke, drink alcohol, or use drugs. Also, about your pre-existing diseases and the physical activities that you do. You may also be asked if you suffer from anxiety or depression and so on.
Telemedical is a process of getting a medical check-up done over a phone call instead of going for a physical consultation. The process of telemedical is arranged by the insurance company and the questions asked in a telemedical call are related to the existing medical illnesses and are verified by the doctor.
BMI test, urine test, blood test, complete blood count (CBC), Blood Sugar, Kidney Function test, Liver function test, lipid profile, Echocardiography, chest x-ray, HIV test, ultrasonography, etc. are some of the medical tests done before a term plan.
Yes, term insurance can be bought even without medical tests. This option is offered by many insurance providers. However, as per the terms and conditions of the insurance company, term plans without medical tests are generally available for a sum assured below INR 1 Crore.
Term insurance plans do not cover death caused by self-inflicted wounds.
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