As per a research data published in Statista, as much as 75% of the total healthcare expenditure in India is met through out-of-pocket expenses. With healthcare inflation in the country, doubling the overall rate of retail inflation, such expenditure amounts to a sizable value. On the individual level, it can thus impact Indians with severe monetary crunches.
Given that healthcare expenditure is an indispensable part of one’s life, the presence of payment models like health card can significantly defer the immediate financial liability arising out of emergency medical help. The availability of cards like the Bajaj Finserv Health EMI Network Card only simplifies immediate accessibility to premier healthcare services via their digital availability.
Available against minimum health card eligibility requirements, it is easy to access and use. So, here’s everything you would need to know about the health EMI Network Card.
Digital health EMI network card – Crucial features to know
The most remarkable features of a health EMI network card include –
- One card for the family
An EMI health card allows you to pay for the expenses of not just the cardholder but the entire family. Thus, one card serves all members like spouse, parents, siblings or children. It significantly reduces the hassles of paying for healthcare expenses of any family member during emergencies as a digital health card is readily available for use.
- A wide range of medical treatments on EMI
Financial institutions like Bajaj Finserv provide their Health EMI Network Card to be used for a wide range of treatments and surgeries. Many of the treatments so included are the ones that are not covered under insurance policies. Thus, even for individuals who already hold a health insurance policy, the card can prove useful.
Some of them are listed below –
- Treatments – Oncology, stem-cell, urology, orthopaedics, urology, homoeopathy, etc.
- Surgeries – General, bariatric, cardiac, vascular, plastic surgery, gynaecology, etc.
These also include cosmetic treatments, along with diagnostic and other medical care requirements, thus making way for a complete healthcare financing solution.
- Instant activation on application
The health EMI network card being completely digital takes minimal time to activate. Once you apply for it with the right health card eligibility, it is approved immediately to be utilised as per the urgency of medical care sought.
Existing customers of Bajaj Finserv can directly avail the card via an application sent through the wallet app. New users can alternatively opt for no cost EMI financing at a nearby partner medical centre or store.
- A high-value credit limit
The credit limit on this health card is also considerably high, providing for sizable financing to address high-end treatment costs along with payments towards diagnostic, pharmacy bills and more.
The card, with a credit limit of up to Rs.4 lakh, can thus be used to make immediate, high-value payments towards healthcare treatments or purchases.
- Usable across India
Financing through the card is also not only limited to the city you live or avail it at. With Bajaj Finserv ensuring a network of over 5,500 healthcare service providers across 1000+ cities, you can be assured of availing the services across India.
You can thus pay for healthcare services availed at various multi-speciality hospitals, clinics institutions and more across cities or states with the health EMI network card.
- EMI payment expanding over a long tenor
While immediate medical care financing is at disposal with the health card, these cards also come with a long tenor for EMI payment. The health EMI card in question brings a flexible tenor of up to 24 months, thus allowing you to defer the payment of healthcare services availed today for up to the next two years.
Such flexibility in repayment makes availing state-of-the-art treatment possible and affordable for individuals across the varying economic strata.
With wide-ranged benefits to the Indian populace, it’s ideal for one to hold a health card as a resort to urgent financial assistance during healthcare emergencies in a family.
Below given is a step-wise procedure to apply for the health EMI card –
Step 1 – Go to the official website of Bajaj Finserv and navigate to the ‘Health EMI Network Card’ option.
Step 2 – Select the ‘Get It Now’ option to proceed.
Step 3 – Next, as an existing customer of the Bajaj Finserv Network Card, all you need to do is provide your registered mobile number.
Step 4 – Once entered, as per your health card eligibility, you will be able to view the pre-approved credit limit on your card.
Step 5 – Pay a nominal fee to avail the card and access it via the NBFC’s dedicated wallet app.
The card comes with simple eligibility and document requirements that you must check before applying. Once availed, utilise it to make hassle-free payments for healthcare services across India.