Introduction
A medical test before buying term insurance is a crucial step but a time-consuming process. To bring down the turnaround time insurance companies are conducting telemedical interviews. This novel procedure not only saves time but also aids the policy buyer in getting the right term insurance.
A telemedical interview is a remote medical assessment process conducted through an audio or video call. Evaluation of your health condition and lifestyle factors is done to assess the insurance coverage and premium rates. This article aids in preparing for the telemedical interview. It provides an insight into the list of questions generally asked in the interview.
Questions for the Telemedical Interview
Term insurance shields your loved ones from potential burdens in case of uncertainties. To buy term insurance you should be equipped with common questions asked by all the insurance companies in a telemedical interview.
- Medical history of your family
- Your medical history
- Existing medical condition, if any
- Medications you are on
- History of medical procedures and hospitalisation
- Details of emergency medications required
- Your lifestyle habits like alcohol consumption, smoking, physical activities, etc.
- Your mental health history (depression, anxiety, etc.)
Your replies to all these questions should be honest so that you get the right plan and appropriate coverage. Premium rates also depend on the evaluation done through the telemedical interview. Any information withheld will hamper claim settlement if unearthed during the investigation conducted before settling the claim.
Being Prepared for the Telemedical Interview
It is essential to be well-prepared for the interview. Keep all the information regarding your family medical history, your medical history, recent check-ups, existing medications, etc. Be honest and forthcoming in the information you provide.
Given below is the information you need to be equipped with before the interview.
- If you have undergone any medical procedure in the last 10 years, note down the date of the surgery/s.
- Prescriptions of recent treatments, if any.
- Name, address, and contact number of your consulting doctor.
- Your family medical history includes information about the diagnosis and death of any family member.
- Your height, weight, BP, blood sugar levels, etc.
- Physical activities or any high-risk activities you are engaged in.
- Lifestyle habits like alcohol consumption, smoking, etc.
The Need for Telemedical Interview
Assessing your health conditions is detrimental to deciding the coverage amount and premium rates for a term insurance plan. Remote evaluation through telemedical interviews will save you from several visits for clinical tests. Medical tests assess your existing medical condition. Whereas, in the question-answer sessions, the insurance company will get to know about your pre-existing conditions, lifestyle habits, family history, etc. The interview is a better alternative for both the insurance company and the prospective buyer.
Here are a few advantages of a telemedical interview:
- It is time-saving
- It is less intimidating than in-person examinations and lab tests for some individuals.
- It provides privacy and a secure environment while discussing personal information.
- Telemedical interview is more convenient and accessible to individuals with mobility issues or residing in remote areas.
- It helps to gather more information and speeds up the evaluation and policy issuance.
Advantages of Being Honest in Telemedical Interview
Being honest and providing accurate information is critical for a term insurance plan. If you have omitted some information by mistake, this may be considered. However, if you have purposely withheld some important information, it may work against you in later stages.
The advantages of being honest in a telemedical interview abound. They are:
- Accurate setting of premium rates. Compare the premium rates by arriving at the rates yourself using a term insurance premium calculator. You will have no surprises if you have given accurate information.
- You will get insurance coverage aligning with your requirements.
- In case of any eventuality, your family will get timely financial help with a smooth claim settlement process. During the claim investigation, if the insurance company finds out that you have given wrong information about your medical condition, the claim may be denied.
Conclusion
With the tech-savvy new-gen customers preferring time-saving processes, telemedical interviews to buy term insurance will soon become a norm in the insurance industry. This process will enable the insurance companies to adopt data analytics to design an appropriate product for prospective buyers.
The telemedical interview is a boon to policy seekers as well. Besides being time-saving, it has other advantages also. With accurate information, the insurance company will be able to give you the right coverage at the best premium rates. The privacy and secure environment will help you discuss your personal information with great ease.
Use this comprehensive guide and prepare for a telemedical interview to buy the right product. Provide accurate information without withholding any vital information. This will ascertain a smooth claim settlement and help your family get financial assistance at the right time in case of any eventuality.
