A sudden, unforeseen medical need can deplete years of savings at one go. It can even force an individual to seek unsecured financing options to deal with the need for cash at such a time, causing additional burden. Availing an EMI health card can prevent such issues.
One of the crucial health card benefits is that it allows a cardholder to defer payments for all medical treatment to a later time. Thus, instead of paying the substantial bill immediately, an individual can convert the entire outstanding amount into equated monthly instalments. Doing so reduces one’s financial burden considerably.
Also, the presence of such a facility enables individuals to seek the most advanced treatment, without worrying about the expense.
Advantages of a health card
Besides this EMI facility, health card benefits include the following –
During a medical emergency, an individual cannot afford to wait for card approval. Under such a circumstance, one requires financial assistance as soon as possible. Any delay can compromise the quality of treatment, thereby posing a serious threat to the patient’s long-term well-being.
Fortunately, an EMI health card guarantees instantaneous approval for eligible applications. Further, since this is a digital card, approval also means that the cardholder can begin using it immediately to pay for medical expenses.
Based on the medical dues, a cardholder can pick a suitable tenor for repayment. If the outstanding amount is substantial, one can opt for a tenor ranging up to 24 months or 2 years. This should be a sufficient period to repay the entire sum without overburdening your finances.
Conversely, an individual who can afford it may clear the debt in two or three months. This flexibility is amongst the essential health card benefits since it helps limit financial burden for the cardholder.
The Bajaj Finserv Health EMI Network Card is one that supports multiple family members, instead of just the cardholder.
If you avail a card, its benefits are available to you, your spouse, children, siblings and parents. Nevertheless, keep in mind that the pre-approved limit on such cards is shared amongst the beneficiaries.
Documentation is often a major part of availing such cards since financial institutions tend to follow a strict protocol regarding the same. However, an individual needs to provide zero documents to opt for an EMI health card.
This is possible primarily because only pre-existing EMI network members are eligible to avail the healthcare card. Therefore, card providers already possess the relevant documentation of these clients.
Thus, when you decide to apply for a health card, you can do so without arranging any specific documents. This further reduces hassle for an applicant and ensures a faster approval process.
The list of treatments that one can avail with the card is expansive. Starting from dental surgery to cosmetic procedures, nothing is off-limit for cardholders.
Listed below are some areas of treatment that an individual with the card can pursue –
These are just some cases where one can use the EMI health card to convert their bills into hassle-free EMIs.
NBFCs have a large network of hospitals spread across 1,000 cities in India. This includes more than 5,500 individual hospitals, nursing homes and other medical facilities. If an individual seeks treatment at one of these places, they can directly use their card to settle bills after treatment.
The expansive network also ensures that you have several such hospitals near you, making it easier to avail the health card benefits even during emergencies.
Interested applicants often assume that such a card is expensive to avail and maintain. However, this is not the case here.
Bajaj Finserv charges a reasonable one-time fee from applicants. This fee depends on the type of card you pick. The insta variant of the card costs Rs.707 only, whereas the non-insta card comes bearing a price tag of Rs.589.
Cardholders do not need to pay any additional sum for the card. Therefore, the expense of maintaining such practical medical financing devices is reasonable and affordable.
Apart from these features, you can also look forward to a plethora of attractive deals at partner pharmacies. From discounts at Apollo Pharmacy to rebates on in-house pathology tests at Metropolis Labs, health card benefits are numerous.
Interested individuals can apply for the health card online. They can also check the pre-approved limit for their cards by entering the registered phone numbers during application.