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  • Term Insurance Without Medical Check Up in India

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    Term Insurance

    Term insurance plans ensure that your family receives adequate financial support to maintain a stable lifestyle even if you are not there. Term life insurance refers to the policies purchased for a particular duration of period. These plans come at affordable rates and they do not offer maturity benefits. In case a policyholder wants to enjoy maturity benefits, he/she needs to opt for Term Return of Premium (TROP) plans which are slightly different from the traditional term plans. These TROP plans provide maturity/survival benefits by returning the total premiums paid, provided a term life insurance policy is continued till the end of policy term and the policyholder is alive. Based on requirement, a term life cover plan can be selected for tenure such as 10, 15, 20 and 30 years or so.

    Term Insurance Without Medical Test

    There are certain life insurance companies which offer term life plans that don’t require you to pass through any medical test while purchasing term life cover. Considering your age and the amount of cover you need, many life insurance companies may not request you to undergo medical examination. An applicant with some pre-existing medical problems and chronic disease is likely to undergo medical examinations, compared to a healthy person.

    Key Features of Term Insurance Plans

    Listed below are the key feature of term life insurance plans:

    Free-look period

    • 15 days for manually purchased policy

    • 30 days for policies purchased online.

    Policy term

    Minimum- 5 years

    Maximum – 30 to 35 years (It varies from policy to policy)

    Entry Age

    Minimum entry age:18 years

    Maximum entry age: 65 years

    Grace period

    15 to 30 days based upon policy modes.

    Plan type

    One can choose either a single life basis or joint life basis term plan.

    Age at maturity

    25 year/ 65 years/ 75 years to whole life. It varies from policy to policy.

    Policy revival

    The policy can revived within the policy revival period.

    Premiums

    Premiums vary based on sum assured and age of the applicant.

    Premium paying term

    Single pay, Limited pay and Regular pay.

    Nomination

    Nomination is accepted under term life insurance policies.

    Sum Assured

    Vary from policy to policy offered by various life insurance companies.

    Policy coverage

    Death benefits and maturity benefits (applicable for TROP plans only).

    Terms Insurance Plans Benefits

    Term life insurance plans come with a number of attractive benefits. Listed below are the major benefits offered by term life insurance plans in India:

    • Term insurance plans can bought by paying adorable premiums. Beside, most of the plans are available online.

    • Death benefits: In case a policyholder dies, the select nominees would receive death benefits under term life insurance plans. Term insurance ensure protection to near ones from unpredictable future circumstances.

    • Maturity benefits/survival benefits: Term return of premium plans provide maturity benefits in the form of returning all premiums paid, provided a policyholder survives till the end of policy term and the policy is in force.

    • Tax benefits: You being a policyholder may receive tax benefits on the premiums paid for your term insurance plan under section 80C of the Indian Income Tax Act, 1961.

    • Additional benefits: A policyholder can purchase additional optional coverages such as accidental death or disability coverage and critical illness coverage.

    Popular of Term Insurance Plans Without Medical Test in India

    Listed below are some of the term insurance plans that come without any medical examination:

    1. ICICI Pru ICare Term Plan: The plan comes with affordable premiums, and has the option of Regular Pay and Single Pay. The ICICI Pru ICare Term Plan requires no medical test.

    2. Met life Term Insurance plan: Certain term insurance plans offered by Metlife don’t require applicants to go through medical test up to a particular limit.

    3. Future Generali Smart Life: This is a traditional term insurance plan where the nominee would receive the sum assured, if the policyholder dies within the policy tenure. This policy also does not require any medical test up to age of 45 for sum assured up to Rs.30 lakhs.

    If you want to have adequate cover for your dependents, it is really important you purchase term life insurance cover as early as possible. A term life insurance plan will take care of your loved ones, even in your absence.

    How to Choose Term Life Insurance Without Medical Test

    You can choose term life insurance plan without medical test by doing a primary survey of the various term life plans available in the market. So, take your time and shop around find which term insurance plans come without medical examination.

    Parameters To Compare Online Term Insurance Plans

    When it comes to purchasing insurance, it can be a daunting task, considering the plethora of plans that are now available in the market. But, when you buy a plan, how do you ensure that you have purchased the correct one?

    Now, you can. As we all know, there are certain factors which differentiate an ideal plan from a not-so-ideal plan. To help you choose a plan that is ideal for you, we have curated a list of some of the most important parameters which you can keep in mind when looking for a term insurance plan online.

    Read More..

    How To Calculate Life Cover Required For a Term Plan

    If you are looking to take a term insurance plan, it is absolutely essential that you first calculate the amount of life cover that you need. After all, an insurance contract is a commitment that you make with the insurer to pay premium over a specified period in exchange for life insurance coverage.

    In this article, we will tell you the methods in which you can easily calculate the adequate amount of life cover which you need to sufficiently cover your dependents and their needs.

    Read More..

    Term Insurance Without Medical Test Reviews

  • Page 1 of 3 1 2 3
    • Max Life Insurance
      "Good services overall"
      0.5 4.5/5 "Excellent!"
      Max Life Insurance was pretty quick in the response for the term plan. The plan riders come up with good set of critical illness. The insurance procedure was quiet well described and executed. Just wish to add one point for the medical test center guys, please try to maintain cleanliness of the instruments because it will help in creating a hygienic impression of the process.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Sep 10, 2018
    • ICICI Prudential Life Insurance
      "Realistic experience with ICICI prudential"
      0.5 5.0/5 "Blown Away!"
      As the term implies, term insurance is something to do with time . I would suggest every one to opt for atleast one term policy . I have invested in a policy which provides a cover of one crore and I have to pay about 13000 per annum . I had taken medical test for the same.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 07, 2016
    • HDFC Life Life Insurance
      "My term insurance plan"
      0.5 4.0/5 "Great!"
      Last year, I have taken one term insurance plan in the month of October from HDFC its basically a protection plan. Yearly once, I had to make a payment as 14k for insurance, in case of any unforeseen happenings whatever amount I get it can be used as a compensation for my family. The only thing is, they have taken more time for clearing the medical test.
      Was this review helpful? 0
      , lucknow
      Reviewed on Aug 25, 2016
    • Max Life Insurance
      "heavy processing ratio"
      0.5 4.0/5 "Great!"
      I have recently taken the term insurance with max life.The process of getting this insurance take a timeline of 45days.They give medical test for getting the Insurance.They have 96% claim ratio in this Insurance service which is leading in the market.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 24, 2016
    • Future Generali Life Life Insurance
      "Best one"
      0.5 4.5/5 "Excellent!"
      "Future Generali life insurance is good this would best suitable for monthly income. anyone who is looking out for a cheaper plan can go ahead with this. Its less than rs15 per day . Actually I was looking out for a term plan I was looking out for a 50laksh I found this policy very attractive. They took medical test and they took my id proof and others to process my request. "
      Was this review helpful? 2
      , dehradun
      Reviewed on Apr 15, 2016
    • HDFC Life Life Insurance
      "Ok for Life "
      0.5 4.0/5 "Great!"
      The service provided was very good with HDFC Life based on the Life.They are giving the documents related to the insurance on time.It takes 25days because of the medical test formality which have to be completed.Its basically a term plan and they have given coverage around 1crore
      Was this review helpful? 0
      , pune
      Reviewed on Feb 12, 2016
    • LIC Life Insurance
      "My policy"
      0.5 5.0/5 "Blown Away!"
      My LIC Policy is 4 years old because of my friend I had taken this policy. He is an agent and he had explained me about the features and benefits of the policy. No medical test taken. This is a pension plan and I am supposed to pay 8500 per quarter and I will be getting the benefits as such.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 07, 2015
    • Birla Sun Life Insurance
      "Very good policy"
      0.5 5.0/5 "Blown Away!"
      Birla sun life insurance is very good as they will come to my place for payment collection even if I miss the payment. The total term of the policy is 15 years the specialty is the children education after 15 years I will be getting some lump sum amount. They will reimburse the cost for medical test which was involved.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 28, 2015
    • LIC Life Insurance
      "Best plan"
      0.5 4.0/5 "Great!"
      I have made a online proposal to LIC based on getting a Life Insurance.They have taken medical test and collected the documents related to the Insurance.I do have a term Insurance with LIC and I pay a premium around 7000Rs for this Insurance.
      Was this review helpful? 0
      , kalyan
      Reviewed on Sep 24, 2015
    • HDFC Life Life Insurance
      "Feedback on HDFC life"
      0.5 3.0/5 "Satisfactory"
      HDFC Life insurance is the best one. I am holding this insurance for a period of 4 years. It was actually referred by my friend. I am supposed to pay this insurance for a period of 20 years and no medical test was taken for the same.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 23, 2015
    • ICICI Prudential Life Insurance
      "Easier and smoothly"
      0.5 4.0/5 "Great!"
      I have taken a Life Insurance policy from ICICI PRUDENTIAL where I completed almost nine years now. My documentation process went easier and smoothly. The representative has come for the medical test to me. Per month I am making my premium of 1300 through ECS, I am easier and smoothlyhappy with this policy.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 28, 2015
    • HDFC Life Life Insurance
      "Average"
      0.5 4.0/5 "Great!"
      I am holding a life insurance with HDFC Life. It is a very useful plan. I have been holding this insurance for a period of 3 to 4 years. The best part about this plan is its more convenient. I used to get hospitalization benefits and I have taken a medical test as well. Premium amount is medium and Internet banking was also good.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Aug 07, 2015
    • LIC Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      LIC Policy was fine. I normally make the payment on a yearly basis which is 12.5 k . Its quite normal and I normally make the payment through an agent. Name of the policy is Beema gold and this was taken before 3 years. Its basically a accidental policy and no medical test being taken for the same.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 04, 2015
    • LIC Life Insurance
      "Amazing"
      0.5 5.0/5 "Blown Away!"
      My opinion about LIC Is good . Its very much reliable. Name of the policy is Jeevan Surkeha. I used to get money back. I am getting tax benefit from this policy. I am holding this policy for 20 years,. I normally pay my bills through online. No medical test being taken for that. I normally download statements from Internet.
      Was this review helpful? 0
      , dhanbad
      Reviewed on Jul 30, 2015
    • LIC Life Insurance
      "Average"
      0.5 5.0/5 "Blown Away!"
      My opinion about LIC is good. I have been holding this policy for the past 8 years. The total term of the policy is 17 years. This was taken through an agent and he explained me to the features and benefits of the policy. There is no medical test which is being taken for the same. I normally make the payment once in a year through online or at LIC Office.
      Was this review helpful? 0
      , warangal
      Reviewed on Jul 25, 2015
    • Birla Sun Life Insurance
      "Not good"
      0.5 4.0/5 "Great!"
      Birla sunlife insurance is not that good. I did not face any issues with them. This policy was taken through an agent. He explained everything in detail and there is no medical test which has been taken. I am very much happy with the coverage amount. The online payment is very good, they have educated me about all modes of payment.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 19, 2015
    • LIC Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      My opinion about LIC is okay. I have invested in this policy during 2003. They have explained about the features and benefits of the policy. There is no medical test which is being conducted. I am paying premium on a yearly basis.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 18, 2015
    • Aegon Life Life Insurance
      "Great..."
      0.5 5.0/5 "Blown Away!"
      I have opted the term plan for the coverage of 70lakhs. In term plan there is no maturity ratio and Aegon Religare has provided the tenure of 39 but his not possible in other organization. Aegon Religare is customer friendly and no much paper works and customer can avail life insurance via online. Medical test is compulsory to take term plan.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 14, 2015
    • HDFC Life Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      HDFC term insurance is really good. The policy coverage amount is 2 crores. They were providing the least premium. They will do a free check up and if only I clear that medical test I can opt for that policy. I have to pay for this policy until I am 60 years. if I want to renew it, I can renew it. This policy was taken through online. This policy is one month old.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 05, 2015
    • HDFC Life Life Insurance
      "Very Bad experience with HDFC Life"
      0.5 0.5/5 "Unacceptable"
      I gone ahead with online booking and paid the amount. It was told to me that I have to undergo medical test, accordingly HDFC life team fixed my appointment at Suburban Dignostics at vashi sector-19 on 3rd May 2015 (Sunday) at 9:30 am. Visited medical center with 12 hrs fasting & then medical center informed me that they do not conduct test on Sunday. Wow.I called HDFC Life toll free no. 18002660315 for solution. Guess! what I could get there only sorry and nothing else. Even I asked for details of other nearby medical center but they did not gave me and told me that it requires 5-6 working days. I was stunned after listening this and had a doubt whether I am in 21 century or not on earth.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on May 04, 2015
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