If you are a diabetic and have been thinking whether or not you can get life insurance. Well, the good news is that whether you are Type 1 or Type 2 diabetic, getting an insurance policy for yourself is possible. Several insurance companies will be willing to offer you insurance if you are diabetic.

Expensive proposition

However, there is a small catch. Like with other pre-existing conditions, even with diabetes the amount of premium that you pay could be more expensive. Some surveys suggest that in the UK, the cost of insurance premiums could be about 20% higher for a diabetic person versus a healthy person.

The insurance policy is more expensive for a diabetic person because it is considered that the risk of a claim being made by a diabetic person is much higher compared to a healthy individual. However, exactly how much more expensive would the policy be for you as a diabetic will depend on your actual condition.

Getting better is possible

If you can prove to the insurance company that you are in better shape health-wise, then there is a chance some relaxations could be given to you and you may end up with a better deal on your insurance premiums.

Requirements to be fulfilled

Once you declare that you have diabetes, you will be required to provide some additional information. For instance, the kind of diabetes that you suffer from, how long you have had this condition, your blood sugar levels, what kind of medication you are on, your body mass index (BMI) and your lifestyle habits like drinking and smoking. Your insurance company may also ask for your medical records and may also ask you to undergo a medical check-up.

Disclosure is critical

Hiding your condition from the insurance company will prove to be disastrous. The insurance company will refuse a claim if it is discovered that the reason for your death is your pre-existing diabetes, hurting your loved ones after your death.



We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00
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