Why some term insurance don't conduct medical test ?
31 Aug, 2021 by Rajat Jain
I have seen some of my friends buying term insurance online, where they don't undergo medical test. Is it legal or premium has already taken care of that ?
It is perfectly legal. Such plans come with a good health declaration, letting you buy insurance without requiring a physical examination. However, it is a double-edge sword. It is necessary for the policyholder to be as truthful and candid about their health history.
Make sure to disclose information pertaining to past hospitalizations, surgeries, allergies (even if they are seasonal), pains, accidents (major and minor).