Tele medicals, also known as tele-underwriting is a process in which the insurer assesses the health of the policyholder through virtual means such as telephonic interviews, video calls, or online forms, instead of physical medical tests.
In the context of term insurance, tele medicals may be used by insurance companies to assess the health of the policyholder and determine the risk associated with insuring them. This helps the insurer to accurately price the policy premium and make a decision on whether to offer the policy or not.
During the tele medicals process, the policyholder may be asked a series of questions related to their health history, current health status, lifestyle habits, and family medical history. The answers provided by the policyholder are evaluated by the insurer to assess their health risk and determine the terms and conditions of the policy.
Tele medicals can be beneficial for both the insurer and the policyholder. For the insurer, it allows them to reduce costs associated with physical medical tests, while for the policyholder, it offers a more convenient and hassle-free process of getting a term insurance policy. Additionally, it may also result in faster policy issuance, as physical medical tests can sometimes take longer to complete.
How Much Premium for 20 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 20 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 20 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 20 crore term insurance policy might range from approximately Rs. 1,20,000* to Rs. 1,50,000*.
How Much Premium for 15 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 15 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 15 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 15 crore term insurance policy might range from approximately Rs. 1,00,000* to Rs. 1,15,000*.
How Much Premium for 10 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 10 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 10 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 10 crore term insurance policy might range from approximately Rs. 75,000* to Rs. 85,000*.
How Much Premium for 7 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 7 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 7 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 7 crore term insurance policy might range from approximately Rs. 40,000* to Rs. 60,000*.
How Much Premium for 5 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 5 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 5 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 5 crore term insurance policy might range from approximately Rs. 25,000* to Rs. 35,000*.