A good life insurance policy is extremely important, especially during the hard times after life. This will give your family the help they require in those unexpected situations. The life insurance policy without a medical exam is now becoming a lot popular despite the fact that medical exams since the start have been a vital part of the purchase process. The life insurance policy is based on the good fate concept, which means that both the insurer and customer need to be transparent about the conditions.
There are some policies that do not require the insurer to go ahead with the medical examination. Still, it is essential to guarantee you get good coverage and do not face complications in time of unexpected situations.
Is the life insurance policy worth it?
It is essential for a person to have a life insurance policy. It will be worth every penny. The plans are generally pocket friendly and do not have any financial burden. However, it will depend entirely on the health conditions and your age group.
The major aspect of the insurance policy will depend on the sum you have assured, but herein you will have an option to go for either monthly payment for ease or go ahead with the lump sum payout of the death benefits.
A life insurance policy can be purchased for a tenure between 5 to 30 years. It will offer complete risk cover to the insurer. Thus, in case of the insurer’s death, the benefits will be provided during the policy terms.
However, there are a lot of aspects like age, living style, family members and a lot more which will decide the premium rate, which has to be paid on time. So you can secure a long-term object with the plan.
No doubt was a time when the medical exam was quite essential to go ahead with a medical screening to get the insurance policy, but today you can easily find a life insurance policy without a medical exam. If searching for the same, read ahead to get the information.
Term insurance policy without medical test
The list here specifies the top life insurance policies without a medical exam.
Future Generali Smart Life
The term policy the company provides is quite unique. Herein the nominee will receive the sum which has been assured when the insured passes away during the policy’s tenure. Up to a specific amount of 45 years of age, there is no requirement for medical screening.
MetLife Term Insurance Plan
Herein the applicant who is under a specific plan or a specified limit is not required to go for the medical screening for the life insurance policy.
ICICI Pru ICare Term Plan
The plan is available with a pocket-friendly premium amount. Besides, you can make the decision between single pay and regular pay. It is among the most popular life insurance policies without a medical exam.
LIC Tech Term Plan
One can greatly benefit from this life insurance policy as you do not require to undergo a medical check-up to meet the specific conditions of the document.
HDFC Click 2Protect Plus Plan
The term insurance plans herein will provide a great advantage. You can enhance the plan’s protection for a specific milestone like a marriage or childbirth without requiring medical tests to get better coverage.
Choosing a life insurance policy
When you look online for life insurance policies without a medical exam, you can easily find many options. Thus, you can compare the main terms of the plans available in the market. Besides, you must be well aware of the coverage that one needs to choose for skipping the medical screening.
Make sure you go ahead with the higher assured amount, as the insurance allows the policyholder to purchase the term plan without any medical screening. Still, it depends on the policyholder’s age and the higher sum they have assured.
Conclusion
Finding a good life insurance policy without a medical exam now is a lot easier. Still, it will be helpful if you research well and compare the benefits they will be provided before making the decision.
An online search has always been a great means to identify the best insurance policies that will provide good coverage and help the family members after the demise of the policyholder.