Don’t miss the latest developments in business and finance.

Firm launches health card for NRIs

Image
BS Reporter Chennai/ Bangalore
Last Updated : Jan 29 2013 | 2:54 AM IST

Transglobal Beneficial, a Texas-based provider of healthcare solutions, has launched India Health Card (IHC), a prepaid health care card designed to provide access to health services for the NRI beneficiaries through a network of healthcare providers across India.

India Health Card works similar to a debit card. The NRIs are required to load funds onto the card through the Internet and then use it to receive healthcare services from healthcare providers in India. If a patient’s health care provider is not a part of the IHC network, IHC will contact the concerned provider and explain the no-fee registration process. The beneficiaries will also receive service at a discounted rate by using the card.

Presently, about 30 million Indians live abroad. According to a recent World Bank report, India is the top recipient of migrant remittances in 2007, receiving $27 billion. However, only 5 per cent of the NRI remittances at present goes towards healthcare-related costs.

“India Health Card is a result of our vision for the healthcare industry in India. Our research has demonstrated a need for innovative health care payment solutions. With a management team of veteran health care professionals and an established network of providers, we are delighted to launch India Health Card and help make health care more affordable and convenient to the families of NRIs in India,” said Ravi Halekote, founder CEO, India Health Card.

India Health Card can be purchased over the internet and mailed to the beneficiary residing in India.

More From This Section

First Published: Nov 27 2008 | 12:00 AM IST

Next Story