Life insurance terminology shouldn't be confusing. Here is the definition of paramedical exam.
A paramedical exam is a carrier-required short health exam performed at the applicant's convenience.
It is at no charge to the applicant, and the technician will perform it at your home or place of work, if convenient for you. During the exam, your height, weight, blood pressure and pulse will be measured. You will also be asked to provide a blood sample and urine sample. In some cases, an EKG and saliva sample will be taken as well.
Here is more information on what to expect from your paramedical exam.