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Term Insurance without Medical Check up in India

Term insurance without medical check up in India is sometimes an unclear concept to people. Here in this article, we will inform you everything about the Insurance plans that do not require you any medical check-ups. 

Under the term insurance without medical check up in India, the scheme holder does not require any Medical Test to purchase a term insurance plan. The best Term Insurance Without Medical Check up in India are listed in this article to give you an insight on the Term insurance plans without medical check test in India. 

What is Term Insurance?

Term insurance is a service provided by insurance companies/financial institutions. The term insurance plan helps you to secure the financial stability of your family in case of uncertain circumstances. With the help of term insurance, you can make sure that your family is living a comfortable life after you pass away under unfortunate events. 

The term insurance plans are very affordable and can ensure guaranteed financial support in times of need. These Term insurances are purchased for a limited time frame however, term insurance does not offer any kind of maturity benefits to the scheme holder. 

If a person wants to earn returns on the term insurance plans then he can look for the Term return of premium offered by the different term insurance plans. These plans are a little different from the traditional term insurance plans. 

Term Insurance without Medical Test in India 

Term insurance without medical test in India is provided by many of the major insurance companies.  In such term insurance without medical plans, the scheme holder does not go through a thorough medical examination before purchasing the term insurance. 

The age and the amount are two significant factors if you want to purchase term insurance without medical test in India. Some of the insurance companies do not request the scheme holder to go through a medical examination considering their age and health condition. If a scheme holder has a chronic illness or any health issues then he may have to go through a medical health check up.

Key Features of Term Insurance

If you are looking for a health insurance policy without medical test in India then you need to make sure that you know a few key features of the term insurance without medical test in India. 

The table mentions the free look period and other information about the term insurance without medical check up in India.

Particular Features
Free look Period 
  • 5 days for the Manually purchased Policy
  • 30 days given for the term insurance without medical test on online purchase
Term insurance without medical Policy Term
  • The minimum time is 5 years
  • The maximum period is 30 – 35 years of age. 
  • The term insurance without medical test differs from Plan to plan
Entry age 
  • The minimum entry age is 18 years 
  • The maximum entry age is 65 years
Grace period
  • The grace period depends on the Policy
Policy Type 
  • Single life/Joint life 
Age at the time of maturity
  • 25years/65 years/ 75 years
  • Also subject to the policy provider
Revival of Policy  
  • A policy renewal period is allotted to the scheme holder 
Premiums 
  • Depends on the amount to be assured and the age of the Scheme holder
Premium paying term 
  • Single Pay
  • Limited Pay
  • Regular Pay
Nomination facility
  • Provided under term life insurance policies. 
Amount to be assured 
  • This depends on the policy provider and the policy 
Coverage under Policy 
  • Death Benefits
  • Maturity benefits under TROP premium plans

For more information regarding term insurance without medical test, please visit the official website of the insurance company of your choice or contact them.

The benefits of the Term Insurance Plan

There are numerous benefits of the term insurance policies that positively benefit the policyholder. These are the following common benefits provided by every term insurance plan-

  • Affordable prices- The term insurance plans come with affordable premium prices which can easily be paid by the layman. These days most of the plans are available online. 
  • Death benefits- Term insurance is all about having financial stability after the death of the Policyholder. This stability is provided to the family members of the deceased nominated under the term insurance policy. 
  • Maturity Bonus/ Survival bonus- Some of the term insurance plans provide the benefit of maturity. These come under a special premium plan. Under this, all the paid premium amount is returned to the Scheme holder. 
  • Taxation- You get the tax benefits under the term insurance policies under the income tax act, 1961. 
  • Additional benefits- Under the term insurance, the scheme holder can opt for the additional benefits. They can buy coverage to the following heads-
  1. Critical illness’
  2. Accidental death
  3. Premium waiver
  4. Partial disability

What to consider while looking for term insurance without medical check up in India?

In India, some of the major insurance companies provide term insurance plans without medical test. Sometimes people think that it is mandatory to go through a medical examination during the purchase of a term insurance policy, it is not always the case. 

The two most important factors when an insurance company decides to offer Term insurance without medical test are Age of the scheme holder and the Term insurance Plan. 

One of the most crucial factors to be noted while looking for term insurance without medical check up in India is that the scheme holder has to make sure he is not suffering from any pre-diagnosed chronic illness or any pre-existing disease. In such cases, the scheme holder has to go through a medical check up.

Therefore, you need to make sure that you read the term and conditions of a term insurance without medical test in India with utmost care. Go through online websites to compare the best Term insurance without medical check up in India.  You should look for the best term insurance without medical check that suits your needs at affordable premiums. 

How can you buy term insurance without medical test in India?

  • Analyze – The first thing before buying a term insurance without medical test in India is to go through all the available term insurance without medical test in India and analyse the pros and cons of each term insurance without medical check up in India. 
  • Assess the requirements- Before buying the term insurance without medical test in India, asses all the requirements of the term insurance without medical check up in India. By doing so you will have a clear idea of how much you can afford and what maturity period do you require under the term insurance without medical check up in India. 

What are the important aspects I need to know before buying a term insurance without medical test in India?

There are many things that you need to consider while buying a term insurance without medical check up in India but the two most important factors are mentioned below-

Do not provide any fake information- If you do not want to face any financial loss in future then you should not provide any false information while buying term insurance without medical test in India. The information provided by you should be relevant. You should also state if you are suffering from any pre-existing disease to avoid any inconvenience in the future. 

Hiding any relevant information that can affect your term insurance without medical check up in India. Doing so can harm you directly or indirectly in many ways. So, it is advisable to only provide relevant information to your term insurance provider. 

LifeStyle- This may sound easy but it is one of the most important factors to consider before buying the term insurance without medical test in India. Having a proper life style is important if you want to buy term insurance without any medical check up in India, 

Therefore, if under any circumstances you have a lifestyle that includes activities like smoking or drinking extremely, you need to mention it to your term insurance provider. In such cases, the premium amount to the term insurance without medical test in India may be increased by your Term insurance provider. However, you can still get the benefit of the death claims without much hassle in the term insurance without medical test in India. 

Best Term Insurance Without Medical Check up in India

If you are looking for term insurance providers who provide term insurance without medical test In India then you can consider the names mentioned below. These Term insurance without medical check up in India are best of our knowledge-

  • Future Generali Smart Life- It is one of the best options if you are looking for term insurance without medical test in India. In this term insurance without medical check up in India, the nominee is provided the assured amount after the death of the scheme holder.
    Under this term insurance without medical check up in India, a person does not have to go through a medical test. There is also a specific amount under which it is not necessary to go through any medical examination.
  • ICICI PruICare term plan- This term insurance without medical check up in India is very affordable term insurance without medical test. There are convenient options to pay the premiums namely; single pay and regular pay. Under ICICI PruICare, the scheme holder does not have to go through a medical examination. 
  • LIC Tech Term Plan– If you meet the specific criteria set by the LIC Tech term plan, then you do not have to go through a medical screening in such cases. The requirements are mentioned in the term and conditions of this term insurance without medical check up in India. 
  • MetLife Term Insurance Plan- MetLife provides some term insurance policies in which the scheme holder is not required to go through a medical test. This specified service is available under the selective term insurance without medical test in India. 
  • HDFC Click 2protect plus plan- In case you are looking for such term insurance without medical test in India which provide extensive coverage then this term insurance without medical check up in India is the best option for you.
    Under this plan, you can extend the coverage of your term insurance in case you got married or had a child. You do not have to go through any medical examination in this term insurance without medical test in India.

Other Term Insurance Providers in India

The aim of purchasing term insurance without medical test in India is to provide a financial backup to your family if you are not around. Such term insurance policies can help you in enhancing the stability of your future. 

However, before buying an insurance policy make sure to analyze all the important aspects of the term insurance policies. If you do not have any idea about the term insurance without medical test in India then you can contact an insurance company to gain more details related to it. 

Here are some additional term insurance providers which can give you a comprehensive idea of how the term insurance without medical test in India functions. 

  • Bajaj Allianz Term Insurance Policy
  • Bharti AXA Term Insurance Policy
  • HDFC Life Term Insurance Policy
  • ICICI Prudential Term Insurance Policy
  • Max Life Term Policy
  • PNB MetLife Term Policy
  • SBI Life Term Policy
  • Kotak Life Term Insurance Policy
  • TATA AIA Term Policy
  • Edelweiss Tokio Term Insurance Policy
  • IDBI Federal Term Insurance Policy
  • IndiaFirst Term Insurance Policy
  • Canara HSBC Term Insurance Policy
  • Future Generali Term InsurancePolicy
  • Aviva Term Insurance Policy
  • Sahara Life Term Policy
  • Star Union Term Policy
  • Exide Life Term Insurance Policy
  • Shriram Life Term Policy
  • Pramerica Life Term Insurance Policy
  • Aditya Birla Sun Life Term Insurance Policy

These are major insurance companies that may help you in deciding the best term insurance without medical test in India. 

How to choose Term Insurance Without Medical Check up?

You can choose the best term insurance without medical test in India by comparing the available term insurance plans online. The comparison will give you an idea about the average coverage and premium of the term insurance without medical check up in India. 

You should keep in view the coverage provided under the term insurance without medical test in India of your choice. A definite amount is set by the insurance companies to not go through a medical examination. 

You should buy a term insurance while you are still young to avoid any financial strain in the future. Choose term insurance that has a high assurance amount. The age and the policy will be considered by the Policy provider in order to purchase the term insurance without medical test.

You can also buy term insurance without medical test in India specifically for the Covid-19. As being said, The Covid-19 pandemic has affected and taken the lives of many, it would be wise for you to have a coverage against this global pandemic in the term insurance without medical check up in India. 

Term Insurance without Medical Check up – FAQs

Q1. What is term insurance without medical test in India?

Ans. Term insurance without medical check up in India is a type of term insurance under which the scheme holder does not have to go through any medical screening to purchase term insurance. 

Q2. Is term insurance without medical test beneficiary?

Ans. Term insurance of any kind is beneficial for the people in India as it provides a backup option to your family after you. Term insurance provides monetary aid in case of the uneventful death of a scheme holder. 

Q3. What is the right time to buy term insurance without medical test in India? 

Ans. The best time to buy term insurance without a medical check up in India is 18 and afterward. If you do not want to go through any medical check up then it is advisable to go for term insurance at a young age.

Q4. Can a person have a nominee under the term insurance without medical test in India?

Ans. Yes, you can have a nominee for your term insurance without medical check up in India. 

Q5. If I want to buy term insurance without medical test in India, what do I need to do?

Ans. If you want to buy term insurance without medical test in India, first go through all the information about every available term insurance scheme. Then contact the insurance provider to clarify any doubts. 

Q6. Can I purchase term insurance without medical test in India?

Ans. Yes, you can buy term insurance without medical check up in India, you have to contact the insurance company to know the terms and conditions for the same.

Marketvein Staff
Marketvein Staffhttps://www.marketvein.com/
Born libra, likes to lead from the front. Digital Marketing & Technology is his strength. He has pursued engineering. Travelling to new places & writing is his idea of fun. In his free time (if he gets some that is), he is seen donning the chef's hat at home.

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