All about Pre-Policy Medical Checkup in Health Insurance Today individuals are looking forward to insure their medical needs with a health insurance policy that provides them quality coverage at a low cost or no cost at all. The rising medical costs and mere susceptibility to diseases/ being more prone to diseases has in a way ensured that individuals buy a health insurance policy. Insurance companies today offer an array of health insurance policies that suit the budget and requirements of every individual. However, before issuing a policy to the policyholder, health insurance companies ask you to undergo a pre-policy medical checkup which helps them decide your policy premium and also the coverage of your policy.
What is pre-policy medical checkup? In simple words, a pre-policy medical checkup is a health checkup that an insurance company asks a proposer (an individual and other members to be insured under the same policy) to undergo before accepting the risk of providing coverage to such an individual(s). As per the Insurance Regulatory and Development Authority of India (IRDAI), 50% cost of the medical checkup is to be borne by the insurance company.
The process is simple; the Health Insurance Company schedules your appointment with a medical center (choice of 2-4 centers is provided) and you’re required to usually undergo basic health tests such as fasting blood sugar, blood pressure, complete blood count, ECG, routine urine analysis, lipid profile test, blood serum test, etc. In 2-3 day, after the reports are received, the insurance company takes the final decision on providing you with the coverage. The health risk can be accepted wholly or with certain exclusions (temporary or lifelong) depending on your health reports. Also, if the ailment is