Prices Increasing soon Prices Increasing Soon

Applying for Life Insurance with a History of Illness

While life insurance is a must-have for all Indian residents, the process of filling in a life insurance application can often seem like an invasive procedure. Details about one’s life that are intensely private – medical histories of you and your family – come to public light. Moreover, life insurance premiums are dependent on riders such as health and lifestyle.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

There is a reason for this of course. A life insurance policy, at the end of the day is an investment, and insurers need to assess the viability and risk of signing off on high-payout policies. So what does this mean for individuals who have a history of long-term illnesses or pre-existing medical conditions?

What is a Pre-existing Medical Condition?

As per the Insurance Regulatory and Development Authority’s 2013 guidelines, all Indian health insurance providers have to follow a common set of definitions relating to health insurance terminology. According to them a pre-existing medical condition is an injury or a related condition for which symptoms have been present for some time and for which medical advice, treatment or diagnosis was sought 48 months prior to the issuance of the first policy.

Significance of Pre-existing Medical Conditions

Pre-existing medical conditions have a significant impact on the application of a life insurance policy. It is required that a full disclosure be made regarding an individual’s medical history at the time of the application. Quite obviously, the presence of pervasive health conditions will drive up insurance premium. This is a catch-22 situation where being upfront will result in a more expensive policy for the person looking to get insured. However, holding back or suppressing facts is simply not an option, because if the facts do not match with the information provided during the time of application, it could result in a complete rejection of the claim later on due to non-disclosure of material facts.

Therefore when filling out a life insurance proposal, t is critical to gain a thorough understanding of the terms and conditions with respect to a person’s existing health scenario. It is also important to look at how this will affect coverage of the policy and any related riders.

The following factors should be kept in mind when someone with a prior medical history applies for a life insurance policy:

  • Compare policies from different insurers
  • Buy life insurance as early as possible. Good health is not a given - deteriorating health will lead to expensive premiums
  • Full disclosure of all pre-existing condition in the proposal form is not an option. Do not conceal any material facts. In fact if the policy mandates a full health check up, it is advisable to undertake it. If cost becomes a deterrent it should be borne in mind that polices that do not require a health check up will charge higher premiums in any case.

Alternative Models: Life + Health Insurance

In this day and age, long standing health conditions are becoming the norm. Increasingly, younger demographics and age brackets are seeking medical attention for wide ranging medical reasons that could vary from diabetes to special needs. As a result this has led to an exponential increase in the demand for adequate health insurance in recent times.

Consequently, life insurance providers are finding more and more that critical care and medical insurance can bolster and complement the offerings of a life insurance policy. The trends have revealed that the Indian insurance market is gravitating towards the global model where life and health insurance are available as one holistic platform and providers have been responsive as well. For instance, LIC has diversified into providing health insurance coverage, Edelweiss launched its Criticare + plan, and so on.

This is beneficial to those who would previously have their existing medical conditions covered by provisional riders in their life insurance policy. Because if their health conditions deem their premium more expensive, at least a comprehensive health insurance package will provide relief in times of medical need.

You may like to read : Life Insurance Myths And Facts You Need To Know

Different types of Plans

Premium By Age

Term insurance articles

Recent Articles
Popular Articles
PNB MetLife Saral Jeevan Bima Review

07 Sep 2023

“I have opted for Term insurance plan of PNB MetLife. This is
Read more
Policybazaar's Insurance Advisor: Your Smart Path to Protection

17 Aug 2023

Policybazaar’s Insurance Advisors are IRDAI certified experts
Read more
ICICI Pru Saral Jeevan Bima

25 Jul 2023

ICICI Pru Saral Jeevan Bima is a simple term insurance plan that
Read more
HDFC Life Smart Protect Plan

19 Jul 2023

HDFC Life Smart Protect is a term insurance plan that offers
Read more
Canara HSBC Young Term Plan

03 Jul 2023

Canara HSBC Young Term Plan is a comprehensive pure protection
Read more
Term Insurance for Women in India
Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and
Read more
LIC Term Insurance 1 Crore
LIC of India offers various plans to help you secure the financial future of your loved ones. In order to make
Read more
What Are The Medical Tests Done For Term Insurance
Term insurance offers a sum assured to the beneficiary of the policyholder upon their death that can help them
Read more
2 Crore Term Insurance Plan
The pandemic has surely generated a global panic and emphasised the importance of financial planning that would
Read more
TATA AIA Smart Sampoorna Raksha Param Rakshak Plus
TATA AIA Smart Sampoorna Raksha Param Rakshak Plus is a comprehensive life insurance policy for individuals
Read more

View Plans
Download the Policybazaar app
to manage all your insurance needs.