Types of Life Insurance Policies Available

Diabetics in India typically qualify for the following types of life insurance plans:

1. Term Life Insurance

   • Pure protection with a high sum assured and low premium.

   • Ideal for younger diabetics with controlled sugar levels.

2. Whole Life Insurance

   • Provides lifelong cover (usually up to age 99).

   • Comes with an investment component and higher premiums.

3. Endowment Plans

   • Offers maturity benefit + life cover.

   • Suitable for diabetics looking for both protection and savings.

4. Unit Linked Insurance Plans (ULIPs)

   • Combines insurance with investment in equity/debt funds.

   • Better suited for financially aware diabetic individuals.

5. Guaranteed Return Plans

   • Fixed returns + life cover.

   • Minimal risk but premium can be high.

Top 5 Insurance Companies Accepting Diabetic Applicants

Here are five trusted insurers in India that offer policies to diabetic patients:

1. HDFC Life Insurance – Click 2 Protect Life

• Covers diabetics with well-controlled sugar levels

• Option to add critical illness riders

• Premium starts from ₹450/month (approx.)

2. Max Life Insurance – Smart Secure Plus Plan

• Accepts Type 2 diabetics under certain limits

• Provides accidental death benefits and return of premium

• Online medical tests for faster processing

3. ICICI Prudential – iProtect Smart

• Offers term plans for individuals with stable diabetes

• Accelerated critical illness rider available

• Premium varies based on age and health

4. Aditya Birla Sun Life – DigiShield Plan

• Accepts diabetic applicants after detailed medical underwriting

• Customizable policy durations and payout options

• Special cover options for terminal illness

5. Tata AIA Life Insurance – Sampoorna Raksha Supreme

• Offers life coverage even with minor health issues

• Diabetics may be accepted after thorough checks

• Premium waiver on disability available

6. LIC (Life Insurance Corporation of India)

• Plans like LIC Jeevan Labh and LIC Jeevan Anand may be available after medical screening.

• Known for reliability and wide agent network.

Medical Tests Required

To qualify for life insurance as a diabetic, you’ll typically undergo the following tests:

• Fasting and Postprandial Blood Sugar

• HbA1c (Glycated Hemoglobin)

• Lipid Profile

• Complete Blood Count (CBC)

• Liver Function Test (LFT)

• Kidney Function Test (KFT)

• ECG or Stress Test (for older applicants)

• Urine Analysis

Some insurers may request specialist consultation reports if you’ve had the disease for over 5 years.

Premium Calculator Examples

Let’s look at two sample premium estimates:

Profile	Age	Plan Type	Sum Assured	HbA1c	Monthly Premium
Male, Type 2	35	Term	₹50 lakhs	6.8%	₹1,200–1,800
Female, Type 2	45	Whole Life	₹25 lakhs	7.2%	₹3,500–4,200

Note: Premiums vary based on company, city, underwriting, and reports.

Below are sample premium estimates for a 35-year-old male, non-smoker with Type 2 diabetes (well controlled):

Insurance Company	Sum Assured	Policy Term	Monthly Premium
HDFC Life	₹50 lakhs	20 years	₹750
Max Life	₹50 lakhs	25 years	₹820
ICICI Prudential	₹50 lakhs	20 years	₹780
Aditya Birla	₹50 lakhs	15 years	₹890
Tata AIA	₹50 lakhs	20 years	₹810

Note: Premiums vary based on health, location, and underwriting.

Tips for Reducing Rejection Chances

To improve your chances of getting approved for life insurance as a diabetic in India, follow these expert tips:

1. Maintain a Healthy Lifestyle: Exercise regularly, eat balanced meals, and avoid smoking.

2. Control Blood Sugar Levels: Keep HbA1c below 7% if possible.

3. Have Recent Medical Reports Ready: Updated test reports reflect your current health status.

4. Avoid Hiding Medical History: Full disclosure increases credibility.

5. Apply Early: Younger applicants have better acceptance chances.

6. Use a Licensed Agent or Advisor: They can guide you to diabetes-friendly insurers.

 

How to Apply (With/Without Agent)

Applying Through an Agent:

• Discuss your health condition openly

• The agent will shortlist policies that accept diabetics

• They’ll coordinate with the insurer, schedule tests, and track progress

Applying Online (Without Agent):

• Visit the official insurer's website or aggregator portals (like PolicyBazaar)

• Fill in health details honestly

• Choose policy options and proceed with online medical checkup scheduling

• Upload reports and complete KYC

Pro tip: Always download the brochure and read the fine print before making payments.

Common Myths About Diabetic Insurance

Let’s debunk some common misconceptions:

• Myth 1: Diabetics cannot get life insurance
  ✅ Fact: Many insurers now offer plans for diabetics with controlled conditions.

• Myth 2: Premiums are unaffordable
  ✅ Fact: While slightly higher, many policies offer budget-friendly rates.

• Myth 3: You can hide your condition to get cheaper premiums
  ❌ Fact: This leads to claim rejection later on.

• Myth 4: Type 1 diabetics are never eligible
  ✅ Fact: Some insurers consider well-managed Type 1 applicants under strict underwriting.

FAQs

Q1. Can a diabetic get term insurance in India?
Yes, many insurers now accept applications from Type 2 diabetics with stable health.

Q2. Is medical testing mandatory?
For most policies, yes. It helps insurers assess the actual risk.

Q3. Which is the best company for diabetic life insurance in India?
HDFC Life, ICICI Prudential, and Max Life are among the most diabetic-friendly providers.

Q4. Will my claim be rejected if I get diabetes after buying a plan?
No, if you were honest during application and the policy is active, the claim will not be rejected.

Q5. Can diabetics add riders like critical illness?
Yes, many insurers offer rider options including coverage for heart and kidney complications.

 

Final Thoughts

Living with diabetes shouldn’t mean living without protection. The right life insurance policy can give you and your family financial peace of mind, even with a pre-existing condition. With rising awareness and evolving underwriting processes, diabetics in India now have better access to comprehensive life cover than ever before.

Take control of your future today. Compare, choose, and secure the best life insurance policy for diabetic in India — because your health shouldn't limit your protection.