How to Get Life Insurance When You Have Diabetes

If you have diabetes, you can still opt for a life insurance policy that will offer protection and financial coverage during treatment. The premium that you would have to pay and the type of plan you can avail of depends on your diabetes.

With diabetes worsening in India, most diabetic patients are plagued with a common question of whether there is any life insurance for people with diabetes.

Diabetes and Life insurance:

Diabetes is of two types: Type 1 and Type 2. Anyone suffering from either of the types can avail a life insurance policy. Those who have controlled their diabetes for a minimum of 12 months or is under insulin but without any other health risk can easily avail life insurance policy.  However, if any patient has kept a check on diabetes but is suffering from hypertension, coronary heart disease, obesity, or any other health ailments, is not eligible for a life insurance policy. Life insurance for diabetes patients is not available for those whose diabetes is not checked and is progressing.

You must be prepared for a few questions before you apply for life insurance plan if you have  diabetes:

At What Age Were You Diagnosed With Diabetes?

Age is a vital factor that determines whether you are eligible for a life insurance for diabetes or not. If you are diagnosed with diabetes at a very early age the damaged caused to your body is even greater than if it is diagnosed later. So if you are diagnosed with the diabetes at a later stage or after 40 it is considered to have done lesser damage to your body and you can easily get a life insurance plan.

The Type Of Diabetes That You Are Suffering

Suppose you have Type 1 diabetes, a juvenile diabetes. In that case, you have comparatively lesser chances of getting a good quote for your life insurance plan than if you have Type 2 diabetes which is diagnosed at a later age.

Treatment You Are Undergoing

Treatment of diabetes doesn’t cause a greater impact on your Life insurance policy if you are taking proper medication and following proper diet to control diabetes. The matter of concern for an insurer is if your treatment isn’t giving any positive results.

Medicines That You Are Undertaking

If you can control the diabetes with proper diet and exercise, it is considered safe and a good sign by the insurers. Those who are on the pills are still considered to be safer than those who are on insulin. However, if the diabetes is under control one can easily get a life insurance policy.

Are you suffering from any other health issues:

Other than the diabetes insurer would ask if you have any other health disorder or medical complications. You would also have to reveal if you have any other heart or kidney issues as these factors would alter your life insurance plan quotes. You need to mention whether you smoke or drink, if yes, how frequently.

You may not be required to give a medical test if you are suffering from Type 2 diabetes but undergoing a test would always help you to get your plan at a competitive rate if your diabetes is under control.