Aditya Birla Sun Life Insurance Company Limited

Family History

4.5
Rated by 1 readers

Definition

Family history is the information about the medical conditions or diseases that run in the family or direct blood relatives.

Definition

Under a health plan, family history is important to know to avoid underwriting risky proposals like the one with the pre-existing diseases. When disease runs from one generation to another, it makes the younger ones susceptible to the conditions. Insurance companies consider family history to charge a fixed amount of premium because the risk can be higher.

Insurance companies ask questions about genetic diseases like cancer, diabetes, and other terminal illnesses because it indicates the probability of loss and claim. It is not impossible to get an insurance policy with a family history of illness, but you might have to pay a higher premium with the condition.

Example

For example, Montu wanted a cancer plan. The insurance company provided him with the proposal form and asked him to fill in the valid details. In the proposal form, Montu indicated that family his father suffered from blood cancer. Keeping the family history in mind, the insurer provided the health plan to Montu but at an increased premium and under specified conditions.

How much helpful you found for you?

4.5
Rated by 1 readers
0 / 5 ( 0 reviews )
Not helpful
Somewhat helpful
Helpful
Good
Best
Don’t forget to share helpful information in your circle

Thank you for your details. We will reach out shortly.

Thanks for reaching out. Currently we are facing some issue.

Get ₹10 lac Cancer
Insurance for just ₹120/month1

**Please enter a valid First Name.**
+91Icon Phone
**Please enter a valid Mobile Number**
*This field is required.
Plan_Logo

ABSLI Cancer Shield Plan

Fight cancer³ without worrying about expenses.

ICON-CLICK

Covers all stages of cancer

Icon-SaveMore

Protects savings

NoMedicalCheckup

No medical required

ICON-CLICK

5 years premium waiver

Cancer Cover:

₹10 lakhs

Premium:

₹4/day

Recently Added Article

¹ Scenario for female Age: 21 years, level Sum Assured, Income Benefit: Yes, Premium paying Term: regular pay, pay frequency: monthly, policy term: 20 years, Premium: Rs. 119.70 monthly (excl GST) ³ Please refer to the product brochure for details on exclusions. ABSLI Cancer Shield Plan(UIN: 109N103V03) is a traditional non participating health insurance plan
ADV/5/22-23/290