If you have Type 1 or Type 2 Diabetes and apply for Insurance these are the steps an insurance company will require.
1. Complete a paper application declaring your health history by answering a number of medical related questions.
2. The insurer will then request a copy of your medical records based on the questions you answered above.
3.The insurer will then require you to undertake a blood test and / or a medical exam with your Doctor.
This can take anywhere from 2 – 6 weeks and some cases longer depending on how quick you can undertake the medical requirements.
Based on the your HBA1c Levels, Blood Test Results and the examination by your Doctor the insurance company will then do 1 of 3 things.
1.Decline to insure you. Yes after completing all the above requirements and undertaking all the tests the insurer will probably still reject your application.
2. Increase your premiums – These are called premium loadings. By increasing your premium the insurer is agreeing they will cover you but the premium is increased by up to 300%. This makes the cost of buying insurance prohibitive.
3. Put an exclusion on you for any claims arising out of or in connection with Diabetes. Any claims that are connected to or known risks from having diabetes are also excluded like Cardiovascular Disease, Skin Conditions, Strokes, High blood pressure and blindness would all be excluded as these are considered known risks. This makes the cover very restrictive and you would have to question if it is worthwhile.
Applying for cover with Insurance For Diabetics is SUPER EASY and FAST:
- 100% Online.
- NO Tough Medical Questions to Answer – that means no application to complete
- Instant Cover – get cover in less than 5 minutes
- Guaranteed to Insured you. No medical exams to do.
- Full Cover from Day 1 however diabetes will be excluded (as well as any other pre-existing medical conditions) that existed 5 years immediately before taking out the cover.
- No Increased premiums because you have diabetes.
Apply now by clicking Get Cover Now Button.
In summary what are my options
- You can get instant cover – but will have an exclusion on the policy for any claims arising out of diabetes. This will be a life time exclusion on the policy
The other option
- Contact us now and we can get you a fully underwritten product. Please note you will pay more to have this but it will guarantee you cover from day 1 (Please note that not everyone will be insurable)