Bajaj Finserv health card

Can I get EMI Financing On Healthcare?

Along with the above, these cards are also available at a nominal charge. With two options being offered, customers can choose between insta and non-insta variants.


 last year suggests a steep rise in the cost of healthcare in India, with inflation reaching up to 7.14% from its 4.39% mark from the year before. In sharp contrast, average retail inflation in the last year was at 3.4%, a remarkably lower rate than that of healthcare. 

This is an alarming situation which has made it very difficult for middle and low-income groups to avail premium healthcare facilities.

Can I get EMI financing on healthcare?

To tackle the rising cost of healthcare, middle and low-income groups can avail a health card to pay for premium healthcare services via EMIs. The health card eligibility criteria are also quite simple to fulfil. 

Existing customers of the relevant financial institution can apply for these cards using their wallet app. New customers have to visit a partner hospital or store to avail such a card. 

What are the other benefits on such health EMI cards?

While the primary benefit of these cards is that of clearing medical bills with convenient EMIs, Bajaj Finserv Health EMI Network Cards also offer a few additional benefits. 

These advantages are especially helpful in healthcare necessities and are discussed below in detail -

  • High amount on offer: These EMI network cards offer a high sum of money for healthcare expenses, which effectively covers treatments, surgeries, medical supplies and even diagnostic costs. The sum on offer goes up to Rs.4 lakh, which can be easily repaid by cardholders in convenient EMIs over several months.
  • Covers every healthcare need: Despite minimal   health card eligibility  criteria, these cards cover every medical necessity that might come up. It includes treatment and surgery costs, medicine purchase, diagnostic tests, etc. at partner hospitals and stores to ensure its holders can avail premium service without having to worry about their expense.
  • Covers whole family: A significant advantage of availing health cards  is that they cover a cardholder’s whole family. This includes parents, siblings, spouse, children, etc. This advantage is especially helpful since middle, and low-income households do not have to spend multiple times and can avail the maximum amount offered under these cards for the overall medical expenditure of their families.
  • Choice of tenor for repayment: Cardholders can choose their tenor of repayment according to their convenience. While the minimum tenor is 3 months, they can also choose to repay their medical expenses over a maximum of 24 months, as per their convenience.
  • No documentation required: While health card eligibility criteria for interested applicants are minimal, these cards do not need any documents for their application. Interested individuals can simply visit the relevant website and apply for them by providing their name and registered cell phone numbers.
  • Additional benefits: Numerous additional benefits are offered on these cards in the form of discounts at partner stores and diagnostic labs. Cardholders can avail discounts going up to 15% while purchasing medical supplies at Apollo Pharmacies, while this discount goes up to a flat 30% in the case of Medlife. Health EMI network cardholders can also avail a maximum discount of 20% on pathological tests conducted at Metropolis Labs. 
  • Personal accident cover: This Bajaj Finserv health card also provides complimentary personal accident insurance for their cardholders. These insurance covers offer a maximum sum of money going up to Rs.1 lakh. Such cover policies are offered for a tenor of 1 year, beyond which they need to be renewed like these cards.
  • Prompt activation: These cards are usually activated quite promptly, especially if an individual chooses its insta variation. Offered online, relevant payments can be promptly cleared to activate these cards even when a sudden medical emergency arises. However, it is best advised to avail these cards beforehand.

Along with the above, these cards are also available at a nominal charge. With two options being offered, customers can choose between insta and non-insta variants. The former can be availed at a charge of Rs.707, while this latter option is available at a fee of Rs.589.

With such benefits on offer and a nominal fee for its application, interested individuals should also take note of the available partner hospitals and stores before applying for these cards. 

Notably, individuals who apply for health EMI network cards can access more than 5,500 partner hospitals and medical stores across 1,000+ cities in India. With the ease of health card eligibility criteria and a high amount of financial assistance, these cards ensure premium healthcare for individuals who find it difficult to clear medical expenses at private hospitals. Understandably, these cards can be a live-saver in medical emergencies.

 

Write a Comment