Insurance firms routinely advertise that medical tests are not a pre-requisite to getting their cover, and as such they insist that new employees get pre-employment medicals by an independent medical assessor. People are generally attracted to the flexibility which a no-test policy avails, relative to having to undergo medical evaluation. It might not be advantageous to secure an insurance policy before knowing your health status.
Every person seeking to get insured whether for life or health requires passing through requisite health assessment as prescribed. This not only provides the insurer an edge in effective delivery of services to the beneficiary, but also informs individuals regarding their health condition. There are several great reasons why undertaking medical tests prior to getting insurance cover.
Premiums Dependent upon Health Condition
Insurance policy premiums get charged depending upon the health status of an individual. You require making a declaration regarding your health when applying for a particular policy in a special form. The insurer then fixes a given premium rate, based upon your disclosure. A good case in context involves two individual insurance applicants, where one has normal levels of body sugar and the other high sugar levels. Both of them are charged the same premium if they secure insurance cover from a firm which does not make medical tests a prerequisite. Premiums for normal individuals ought to be below that of others suffering with different health issues. There are several important facts to note about getting medical insurance without first being tested for various conditions as shown below:
Low value policies
The policies which do not factor in health tests do not provide large-value protection. As such, it is necessary to obtain a pure protection policy that prescribes medical tests if seeking for a better cover which serves your health/life insurance needs.
Prone to Rejection
In majority of cases, individuals who get insured without undergoing medical evaluation might not know their health status. You may suffer from a particular condition and be unaware of it until passing through medical assessment. An insurer may reject your claim in such case, since the policies comprise of suppressed facts regarding your health status, if you do not seek for proper underwriting. Such kinds of inadvertent mistakes might just deprive someone of insurance cover even when paying huge premiums.
Cover May be Inadequate
If you secure policies which do not have medical tests as a precondition, expect to get a policy which might not offer an appropriate insurance cover. It means that you might face the real possibility of being inadequately insured against important risks relating to your well-being. That’s why it’s important for insurers to know the medical state of new employees so they know of any potential claims down the track. It has become a very in demand business, and providers like Melbourne Occupational Health Services are the leaders in providing independent medical examinations.
An insurance firm ought to determine what the status of health is for anyone who seeks protection. The company does not the prerogative of simply denying a given claim. It is charged with the role of subjecting the holder of a given policy to medical tests, before fixing the premium at a particular figure. As such, it helps a lot undergoing a comprehensive medical evaluation to determine your health condition relating to various parameters. This kind of assessment normally requires tests relating to blood and urine analysis. They include ECG, blood pressure, blood count and blood serum among others and taking them all delivers unique benefits to an individual. The most critical gain is that you get empowered with knowledge about your health and can take the steps necessary to recover or boost it as is desirable. All the above facts demonstrate the need to undergo medical tests before seeking for insurance protection.