Can I get life insurance with OCD?
Yes — Obsessive-Compulsive Disorder (OCD) is insurable for life insurance. Mild to moderate OCD that is well-managed and has not caused significant time off work is often covered at standard or modestly loaded rates. More severe OCD, or OCD combined with other mental health conditions, may attract a higher loading.
How does OCD affect my premium?
Mild OCD managed with therapy alone or low-dose medication and with no history of hospitalisation or significant time off work is often offered at standard rates. Moderate to severe OCD may attract a loading of 50–150%. OCD combined with depression, anxiety, or a history of self-harm is assessed more cautiously.
What will the insurer ask?
Expect questions covering: when you were diagnosed, your current treatment and medication, the most recent test results or medical reports, any complications or related conditions, and any time off work due to your health. For higher sums assured, a GP report may be requested.
Which insurers are most competitive?
AIG and Legal & General tend to be among the more competitive for mild to moderate OCD. Terms vary significantly across insurers for mental health conditions — a whole-of-market comparison is especially valuable. The most competitive insurer for your profile can only be identified by comparing the whole market — premiums can vary by 30–50% for the same applicant across different providers.
Should I also look at critical illness cover and income protection?
Yes — life insurance only pays on death. Critical illness cover pays a lump sum on diagnosis of specified serious conditions. Income protection replaces your income if you cannot work. Depending on your condition, all three may be available — though terms and exclusions vary by insurer and condition.
Key tips when applying
- Disclose everything: Non-disclosure is the leading cause of rejected claims. Always be fully transparent about your medical history.
- Apply when stable: Applying when your condition is well-controlled gives you the best chance of favourable terms.
- Don't self-reject: Many people assume they can't get cover. In the vast majority of cases, cover is available at a reasonable cost.
Frequently Asked Questions
Yes — OCD is insurable in most cases. Terms vary by severity and how well-controlled the condition is. Comparing the whole market gives you the best chance of finding affordable cover.
It depends on the condition and its severity. Some conditions result in standard rates; others attract a premium loading or specific exclusions. A whole-of-market adviser can identify which insurers offer the most competitive terms for your profile.
Non-disclosure can invalidate your policy. Insurers check medical records when a claim is made — if a condition was not disclosed, a claim can be rejected and premiums refunded. Always disclose your full medical history.