A pre-policy medical examination or check-up consists of tests that the prospective policyholder is required to undergo before the policy is accepted by the insurance company and health cover extended to him/her. These tests are required so that the insurer is aware of the policyholder’s current medical fitness and if there are any pre-existing medical conditions.
Another reason for the pre-policy check-ups could be if the policyholder chooses a sum assured above the average amount, thereby increasing the risk of the insurer.
These tests are important because they act as a benchmark against which the insurance company can measure the policyholder’s health. Any pre-existing medical conditions and illnesses would come to light through such a test, allowing the company to make a decision about the appropriate cover for that particular individual.
By undergoing a pre-policy test, the policyholder’s medical health will be on file, making it easier for both the insurance company as well as the policyholder to investigate and file a claim, respectively.
Each insurer has a different risk assessment policy, based on which a life assured’s medical risk is measured. The risk is measured by a grid, with the policyholder’s age and coverage amount being the parameters of the grid. Based on these two factors, the type of tests would be administered to the policyholder.
We offer pre-insurance check-ups for ICICI lombard, HDFC Ergo among others.
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