What are the Medical Tests required for Term Insurance?
A term life insurance policy promises an assured sum to your loved ones in the event of your unfortunate demise. It is a life cover that you can purchase to protect your family from financial troubles in your absence. If something untoward were to happen to you and you pass away during the policy tenure, then the nominee will be paid the death benefit as a lump sum amount.
One of the pre-requisites of purchasing a term life insurance is to undergo certain medical tests as stipulated by the insurer. When you apply for a term plan, you will be asked to take certain medical tests that help the insurer understand your current health status.
Whether you’re completely fit or are suffering from an underlying systemic disease could have an effect on your life expectancy. Hence, it will impact your premium and sum assured. When the applicant is healthy, a higher sum assured is offered for lower premiums.
Let’s look at some of the tests that you might have to undergo to purchase term insurance
A blood test can give a fairly good idea of an individual’s health because the blood contains many markers of underlying diseases. When purchasing term insurance, drawing up some of your blood may be the first thing done for the relevant tests when you go for a medical check-up.
Complete Blood Count (CBC)
A complete blood count is a calculation of all the different cells in your blood like Red Blood Cells, White Blood Cells, Lymphocytes, etc. This is a common blood test that can give an indication of your health.
Body Mass Index (BMI)
The Body Mass Index is a number that gives us an idea about a person’s weight as related to their height. A high BMI implies obesity, which may be directly related to heart diseases, high blood pressure, and diabetes. To calculate BMI, the concerned technician would measure your height and record your weight.
Just like a blood test, urine tests are also very useful in determining underlying medical conditions. A sample of your urine can indicate how well your liver and kidneys are functioning. It could also help detect diabetes.
Blood Sugar Levels
Checking blood sugar levels is also a common test that can be done during your term insurance medical check-up. A high blood sugar level could indicate diabetes, and it could affect your term plan parameters. Blood may be drawn twice for this test, once to record your Fasting Blood Sugar Level and then again after your meal to record your Post-Meal Blood Sugar Level.
Kidney Function Tests
As the name suggests, Kidney Function Tests determine how well your kidneys are functioning and are a good indicator of your overall health. Kidney Function Tests may be performed using your blood and urine.
Liver Function Test
The liver is also a vital organ that’s responsible for your body’s metabolism. Liver Function Tests help us understand how well the liver is working. It’s done by measuring the levels of important enzymes and proteins in the blood.
Coronary heart disease is common, and one of the leading causes of that is high cholesterol. A lipid profile measures the levels of fats in the body. Cholesterol, triglycerides, etc. can be measured, which can indicate risks of heart disease in the future.
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These are some of the tests that an insurer may carry out when you purchase a term plan. This is a general list of tests. Different insurance providers have different protocols. Hence, the specific tests may differ from one insurer to the other.
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