Mint reached out to HDFC Life but the company denied commenting.For most small-ticket policies, insurers have significantly waived off medical tests to enable people to buy life insurance online.
Chopra said insurers would want to filter out applicants who are buying life insurance, specifically term plans, despite knowing that they are under the risk of contracting covid-19.“A regular term policy is not priced to cover such high-risk individuals and insurers would definitely want to know more about the intent behind buying term life insurance in such times," added Chopra.The chief operating officer of a life insurance company, who didn’t want to be named, said cold and cough are now potential symptoms of covid-19 rather than being just a.