Even though India’s medical field has witnessed unprecedented advancement in the last few years, the percentage of the country’s GDP allocation towards public healthcare is still quite low at 1.15%.
As a result, most individuals have to resort to seeking private medical care, which can put a sizable dent in their pockets.
In this scenario, financial institutions in India have introduced Health EMI Card to help individuals pay their treatment costs easily by converting bills into EMIs.
With these cards, financial institutions alongside their notable health partner across the country offer individuals a chance to seek competent medical care without risking their financial stability.
Following is a look at the treatment health EMI cardholders can avail from top partners of their financial institutions located across the country.
EMI health care providers and their partners in healthcare
While there are several choices when it comes to availing health EMI cards, one can reap the most benefits from the ones offered by leading financial institutions like Bajaj Finserv.
This is because they have partnered with over 5500 top health care service providers across the country to make seeking medical care accessible yet affordable.
Few of the health partners for this NBFC includes institutions like Apollo Hospitals, Columbia Asia hospitals, Manipal hospitals, Sahyadri hospital, Ruby Hall Clinic, Sri Ramachandra Medical Centre, the Calcutta Medical Research Institute and Yashoda Hospital.
The users of Bajaj Finserv Health EMI Network Card can thus enjoy the best of medical care from these institutions and pay the cost incurred as per their convenience over the repayment tenor.
Having leading institutions as a health partner of the NBFC also allows cardholders to enjoy attractive benefits and discounts on the services availed. Some of them are as follows –
- A discount of up to 25% at Apollo Pharmacy
- A discount of up to 20% at Metropolis Labs
- Flat 30% discount at Medlife
What are the treatment procedures covered under a health EMI cards?
Individuals with a health EMI card can avail coverage for the medical bills incurred for the following treatment procedures from their financial institution’s health partner–
- Diagnostic care
- General surgery
- Bariatric surgery
- Vascular surgery
- Cardiac surgery
- Oncology treatment
- Stem-cell treatment
- Orthopaedic treatment
- Urology treatment
- Homoeopathy treatment
- Maternity care
- Gynaecology and obstetrics
- Plastic surgery
- IVF treatment
- Hair treatment
- Cosmetic treatment
- ENT treatment
- Dental care
- Hearing aids equipment
Additionally, since partners healthcare of financial institutions is spread across the country, the benefits of health EMI cards can be enjoyed pan India.
Cardholders can swipe their cards at partner diagnostic care centres, pharmacies, multi-speciality hospitals, dental care, hair restoration clinics, dental care centres, etc. anywhere across the country to avail EMI benefits on their medical bills.
Other benefits provided by health EMI cards
Apart from covering a wide range of treatment procedures, availing a health EMI card with top health partner can impart the following benefits –
- It comes with a high pre-approved amount of up to Rs.4 lakh that can help to cover both low and high treatment expenses effectively.
- These cards can be utilised to cover treatment expenses incurred by the cardholder’s entire family, including his/her spouse, parents, children, siblings, etc.
- This card allows users the benefit of a flexible repayment tenor of up to 24 months. Individuals can, thus, pay for the treatment expense incurred as per their convenience.
- The health EMI card from financial institutions like Bajaj Finserv offers complimentary personal accident insurance of up to Rs.1 lakh for 1 year with the card.
Such benefits make this health EMI card an extremely useful financial instrument to deal with the rising cost of seeking treatment at leading medical institutions in the country. Nonetheless, before you apply for the health card, take a look at the eligibility criteria and documents required for the same to avoid any hassle in the application process.