Is a Medical Test required before buying a Child Insurance Plan?

A Child Insurance Plan is an endowment plan that ensures the safety of your child for any uncertainties that may come in future. The plan offers multiple benefits that can be utilized even in the parent's absence. 

Is A Medical Test Necessary In A Child Policy? 

In the case of Child Policies usually, the insurance company doesn't ask for any medical examination to be conducted. As the age factor plays a major role in policies, it is common that younger people are much healthier. This reduces the risk factor for the insurance company while promoting cover to the child. It is advisable to let the insurer know if the child is suffering from any pre-existing medical ailment or disease so that they can take it into consideration and then structure the policy accordingly. 

What Is A Medical Test?

What is a Medical Test and what does it include? That's one of the first and foremost questions that comes to our mind before we decide to purchase a policy. These tests include the samples for blood and urine etc. In many cases, blood pressure, ECG, and few other tests are required and the medical history of the insured person is also checked. 

Child Plans With No Medical Tests

An Insurance Plan with no medical examination might sound not true.

But let me tell you that this is one of the reasons that at least 3% of the claims are not provided and are tagged as unsuccessful every year. It is advisable and in some cases mandated to mention the details about your medical conditions and medical history in the documents so that it would not cause any problem during the claim. 

Medical Test Determiners

• Age as a factor

Well, it's obvious that generally if you're younger you are considered to be healthier. The health conditions decline with an increase in age of any individual. This means that if you're an old-aged individual the company will surely ask you to go through medical tests and this will lead to a much higher premium amount that is to be paid. 

• Higher sum assured

Whenever there's a higher sum assured involved the insurance company will ask you to go under medical tests. As these companies are offering a good amount in the form of sum assured and they are taking on a larger liability. It is necessary to undergo medical tests to get the best benefits without any discrepancy. 

• Medical History of the Insured

In case of any pre-existing medical ailment or disease, the company will ask you to undergo medical tests and will advise you to mention the same on the policy forms. These things are to be taken into consideration by the company as they need to see if there are any possibilities of worsening the disease. If you fail to do so and if there's a situation where you raise a claim and such a condition is highlighted which wasn't known to the insurance company will lead to denial of the claim. 

List of Insurance Policies That Do Not Require a Medical Test

There are many insurance plans in the market that do not require a medical test, however, we have listed out the best ones.

• ICICI Pru Icare Plan

 With its affordable premium options and option to choose between single or regular pay-out options this plan comes without the need for a medical test.

• Metlife Examination Insurance Plan

 Not all the plans offered by MetLife require a medical test to a particular limit.

• Future Generali Smart Life

Under this scheme, the nominee is meant to receive the sum insured if the insured dies within the tenure of the policy. This plan does not require a medical test for people of age up to 45 and sum assured of up to 30 lakh.

Conclusion

It is always advisable to go through a medical test if necessary. Because you're purchasing the policy to safeguard your or your family's future, the sum assured or any other benefit that is included in the policy will go null and void if you have failed to mention any medical history while filling up the forms.

Also Read: 

Things To Look for Before Purchasing a Child Plan

How Are Child Plans Different From Sukanya Samriddhi Yojna ?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.