/ -- Over the years, the cost of healthcare services in India has been on a rise. Statistics from 2018-2019 show that healthcare inflation was more than twice the rate of overall retail inflation. However, despite rising costs, no individual would like to compromise on their family's healthcare. Should an emergency arise, every individual would do their utmost to finance the treatment(s), irrespective of the medical bill. To offer healthcare financing, Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv is offering its Digital Health EMI Network Card.
This card allows customers to convert medical expenses into affordable No Cost EMIs in the same manner as they would purchase any durable/white goods and pay in instalments over many months. Now customers can make use of the pre-approved limit of up to Rs. 4 lakh and can divide the cost of treatment, diagnostic tests and even medicines over a flexible tenor ranging up to 24 months. Customers can avail of this hassle-free financing option in just 5 minutes.
What's more, this digital-only card allows customers to avail 800+ treatments ranging from cardiac surgery to slimming treatment through Bajaj Finserv's 5,500+ lifecare partners spread across 1,000+ cities. These include top names in the healthcare industry such as Apollo Hospitals, Manipal Hospitals, and Columbia Asia Hospitals and top pharmacies, diagnostic centres, and wellness institutes.
Bajaj Finserv Health EMI Network cardholders as on 31st March 2020, can pay for their medical expenses using the card anywhere across the 5,500+ partner hospitals, clinics and pharmacies. They can access the digital card via the Bajaj Finserv Wallet App to make their payments.
Existing customers of Bajaj Finserv who have a pre-approved Digital Health EMI Card offer, can apply for a card online by entering their registered mobile number and can get instant access to the card via the Bajaj Finserv Wallet App by paying a one-time fee of Rs 707. However, they can transact using the card when the lockdown ends.
Similarly, new customers can get the Digital Health EMI Network Card by visiting any of the registered lifecare partners and transact when the lockdown ends.
The Digital Health EMI Network Card is a family card and so, anyone in the family, including blood relations like parents, spouse, children, and siblings, can use it to convert healthcare and pharmacy bills into No Cost EMIs.
Eligibility criteria for the Finserv Digital Health EMI Network Card:
Here are the age criteria for the 2 employment types:
Employment type
Minimum age
Maximum age
Salaried
23 years
60 years
Self- employed
25 years
65 years
Documents required to apply for a Digital Health EMI Network Card:
Credit limit offered by the health card:
Tenor schemes customers can qualify for:
About Bajaj Finance Limited: