Aditya Birla Sun Life Insurance Company Limited

Family History

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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.

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ABSLI Salaried Term Plan

Exclusively For Salaried Individuals

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4 Plan Options

Icon-Whole life cover

Life Cover upto 70 years

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Optional Accelerated Critical Illness benefit

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Inbuilt Terminal Illness Benefit

Life Cover
₹1 crore

Premium:
₹508/month*

ABSLI Salaried Term Plan (UIN:109N141V02) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6100/- ( which is ₹ 508.33/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
ADV/5/22-23/290