Stressful lifestyle, unhealthy eating habits, and constant mental pressure are some of the reasons for the prevalence of diabetes today. The age at which people get diabetes has also reduced drastically. People with diabetes have to always keep a tab on their diet and their lifestyle. Insulin imbalance causes other problems in the body. Getting insurance for people who are suffering through diabetics becomes a little difficult as their health condition can cause collateral damage to eyesight, heart, etc.

Which diabetics can get insurance?

When the diabetes is in control

If you have been taking regular medications resulting in the partial reversal of your diabetes, then you are eligible for insurance. Insurers assess whether your diabetes is in control or not based on your reports for the last 6-12 months. If diabetes has been in control with no or little fluctuations, then you are eligible for life insurance.

Low dependence on insulin

If your dependence on insulin dosage is limited and if you are not suffering from any major illnesses caused by diabetes, then your chances of getting insured seem good. Taking insulin in adequate dosages is a sign that your diabetes is under control making your chances of getting insured higher.

Which diabetics are not eligible?

When you have significant health problems

If you are suffering from major and irreversible health problems, then insurers shun away from issuing an insurance policy. The reason for this is the high probability of medical expenses that may be incurred in the immediate future.

When you are not seeking a treatment

If you have been careless about your medications, then it is very likely that your diabetes has gone from bad to worse. A steep graph for your diabetes is a big no-no for insurers.

How does insurance differ for Type 1 and Type 2 diabetes?

Getting insurance for Type 1 diabetes is difficult compared to Type 2 diabetes as Type 1 diabetes is mostly irreversible and has comparatively grim consequences. Type 2 diabetes in the majority of the cases, is a direct result of an unhealthy lifestyle and is reversible if the patient is put on regular medications. Hence, people with Type 1 diabetes will have to provide more proof of their stable health conditions and about the precautions that they are taking to keep diabetes in check.

Taking regular medications and imbibing a healthy lifestyle is the only way for diabetics to avail a good life insurance cover.

Learn more about different Online Term Insurance Plans here.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



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