I am 30 Years old and I have decided to take a term insurance for a sum assured of 75 Lakhs. After a long search, I have decided to choose Maxlife insurance as my insurer and I applied for the policy online. During my search for the policy, it was mentioned medical is mandatory, however, the company did telemedical verification for me and informed me that they will discuss with their company associated doctors and will do medicals if necessary. After a day I received a mail saying that the policy has been issued. My concern is as they didn’t do any medical test for me will this affect during claim settlement ?.
I think they are NOW eager to close the selling rather than bothering about the future consequences. Dump such insurance companies. If the policy is within the free-look-in period, then cancel it. Go for a term life insurance where you have to undergo the medical examination. It clears the dust and doubts at both sides.