Digital Health EMI Network Card - A Fully-digital Card by Ba

|Jun 27|magazine11 min read

PUNE, India, June 27, 2020 /PRNewswire/ -- With growing awareness of lifestyle diseases, it is but natural for one to be concerned about its effects on health and finances. Often, unplanned medical expenses and treatments can leave a hole in the pocket as most of them come at a steep cost. 

To help customers prepare for such unplanned medical expenses, Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv offers a fully Digital Health EMI Network Card that helps customers convert their healthcare costs into easy, pocket-friendly EMIs.

What's more, this digital-only health card allows customers to avail 800+ treatments ranging from cardiac surgery to slimming treatment through Bajaj Finserv's 5,500+ medical partners spread across 1,000+ cities. Read on to learn how one can apply for this fully digital health card:

Existing Bajaj Finserv customers - To get the Digital Health EMI Network Card now, existing customers or those who are currently using any Bajaj Finserv service can check their pre-approved offer. Also, such existing Bajaj Finserv customers need not provide any documents to get the health card. They get instant approval and can activate the card through a 100% digital process in just 5 minutes. Follow these steps to learn more: 

  • Apply online with their registered mobile number
  • Enter the OTP sent to the number
  • View their pre-approved Digital Health EMI Network Card
  • Pay the one-time fee of Rs. 707
  • Access the card through the Bajaj Finserv Wallet App

New customers to Bajaj Finserv - Those who are yet to be part of the Bajaj Finserv EMI Network, can follow these steps to avail the card:

  • New customers can visit the nearest partner hospital, medical centre, or clinic to get access to No Cost EMI financing.
  • They are required to share their KYC documents and NACH mandate at any of the registered hospitals and clinics to avail of the card.

Note - The Health EMI Network Card can be availed by salaried and self-employed individuals. Apart from a regular income, a CIBIL score of 750 and above is recommended to get a hassle-free approval.

Here are some of the salient features of the Bajaj Finserv Digital Health EMI Network Card- 

Credit of up to Rs. 4 lakh to pay for healthcare expenses 

Applying online, existing Bajaj Finserv customers get access to healthcare EMI financing of up to Rs. 4 lakh. This is a pre-approved limit, up to 4 times larger than that offered on a regular EMI Network Card. Customers can use this to pay for healthcare expenses, for instance, cardiac treatments, knee replacement, medicines and diagnostic tests.

Split medical costs into EMIs with a flexible tenure for repayment Quality healthcare services tend to run into lakhs of rupees and to make it affordable and accessible, Bajaj Finserv offers flexible repayment options. Customers can choose from a tenure ranging from 3 to 24 months over which they can divide the cost of the medical bill into No Cost EMIs.

Convert cost of 800+ treatments into No Cost EMIs 

Digital Health EMI Network Card holders can visit any of the 5,500+ healthcare institutions which are a part of Bajaj Finserv's partner network to avail healthcare on EMIs. This network includes renowned names such as Apollo Hospitals, Ruby Hall Clinic, Manipal Hospitals and Dr Batra's. It also extends to diagnostic care centres, hair restoration clinics, slimming and wellness centres, dental care clinics, and more. Customers can pay for the cost of 800+ treatments ranging from general and cardiac surgery to maternity care, cosmetic, hair, eye and dental treatments on EMIs.

Obtain discounts and pay family bills

Cardholders can benefit from a range of limited-period offers available on the Bajaj Finserv Wallet App. At present, some of the discounts being offered include:

  • 40% off on Truweight immunity fight back packages till 30th September 2020
  • 30% off on medicine purchases, alongside a 10% cashback, at www.medlife.com using the code BAJAJ30, till 31st December 2020  

Customers can use this digital health card which is also a family card to pay for medical treatments for their parents, siblings, spouse and children. Customers also get a free personal accidental insurance of Rs. 1 lakh for 1 year upon availing the Digital Health EMI Network Card.

About Bajaj Finance Limited 

Bajaj Finance Limited, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country. Headquartered in Pune, the company's product offering includes Consumer Durable Loans, Lifestyle Finance, Lifecare Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today. It is also the only NBFC in India with the international 'BBB' with stable outlook for long-term, by S&P Global Rating. 

To know more, please visit: https://www.bajajfinserv.in