SBI Life Insurance: Know these 5 important things about medical tests to get this policy

SBI Life insurance needs your medical test reports to corroborate the declarations made by you in the form. This is required in order to estimate your risk profile. The company then decides your premium, coverage, and whether to award you insurance or not based on your medical reports

SBI can also ask for a medical test if you have a family history of specific illnesses or medical conditions. Source: Reuters

SBI Life Insurance: Are you planning to take a life insurance plan with the State Bank of India (SBI) but wondering what all medical tests you are required to take to buy the insurance policy. The life insurance policy can be taken from SBI Life Insurance - a joint venture company between SBI and global insurance company BNP Paribas Cardif.

SBI Life insurance needs your medical test reports to corroborate the declarations made by you in the form. This is required in order to estimate your risk profile. The company then decides your premium, coverage, and whether to award you insurance or not based on your medical reports. The company can also ask for a medical test if you have a family history of specific illnesses or medical conditions.

1) What medical tests are required for purchasing term insurance?

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The medical tests required for purchasing a term life insurance plan vary on a case-to-case basis. The medical tests start with basic measurements of height and weight, which enables the company to determine your BMI. The company then calculates your risk based upon the BMI.

You are required to undergo a blood test or a urine test to covers the following profiles-

-- Complete blood count
-- Differential blood count
-- Glucose in the blood and urine

2) Additional test: You may be required to undergo tests for HIV I & II, cholesterol and hormonal assays. You might also be advised for further tests if you have a medical history of certain illnesses like hypertension and diabetes, or if you smoke, or have an addiction. If you are suffering from any illness at the time of purchase, you might be prescribed additional tests or asked to bring a report from a specialist.

3) Benefits of getting medical tests done?
-- No claim rejection due to discrepancy in the declaration
-- No heftier premiums
-- Plans without medical tests offer lesser coverage and sum assured as compared to traditional plans

4) Where to get medical tests done?
You will be given a list of approved medical centres nearby and will have to visit them for tests

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5) Do all term plans require medical tests?

You can purchase certain plans without medical tests. However, the premiums of these plans are comparatively higher, and the risk coverage is lesser.

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