India’s healthcare industry is developing at a compounded annual growth rate of 15%, marking significant advancements in the sector. Even so, quality healthcare remains elusive for a large section of the country’s population. A continued increase in health disorders has only created a risk of complications and fatalities, even for common illnesses in some cases.
Thankfully, financing various healthcare treatments in India is easier today than ever, with the introduction of funding tools like the Bajaj Finserv Digital Health EMI Network Card. Individuals who meet the health card eligibility can conveniently opt for one and use it to finance all their medical needs.
Nevertheless, before learning more about such cards, one must focus on understanding the most common reasons for health-related conditions in India.
Rampant pollution
Air and water pollution levels can take a toll on the health of human beings. India is home to some of the most polluted cities in the world, including Delhi, Noida, Mumbai, and many others. Breathing the dirty air and ingesting unclean water daily can lead to the onset of severe health conditions. For instance, poor air quality can cause respiratory issues, such as asthma and even lung cancer.
Lack of hygiene
India has remained on the back foot in terms of effective waste management, with only sparse instances of rapid waste control. It has led to improper dumping of industrial waste in water bodies and other inappropriate spaces. Such unhygienic spaces can be the breeding ground for various microorganisms, which, when ingested, can cause serious health concerns, such as cholera, typhoid, and such other communicable diseases.
Healthcare expenses
A significant section of the general populace cannot afford quality healthcare services in the country. It often leads to delayed diagnosis or misdiagnosis, which eventually enhances the risk faced by the ailing individual. Therefore, lack of financial stability is another reason for which even common illnesses can turn deadly in the country.
However, meeting health card eligibility ensures that you can afford even costly medical procedures without burning a hole in your pocket.
Mental health issues remain undiagnosed
Mental health remains a concern for many in India, with many choosing to remain silent about even the commonest of conditions. Depression and dementia are some of the common issues that affect many, but remain under the radar, nonetheless.
Unhealthy lifestyle
Most individuals in the country do not get enough exercise every week, which is one of the primary reasons for the huge number of cardiac patients. Additionally, a sedentary lifestyle can cause diabetes as well. Improper diet supplements this unhealthy lifestyle, with individuals relying overtly on fast foods.
Regardless of the health disorder one faces, the Bajaj Finserv Digital Health EMI Network Card can help him/her pay for the procedure. Nevertheless, only those who fulfil the health card eligibility criteria can avail its benefits.
Eligibility criteria to avail the health card
Existing Bajaj Finserv EMI Network cardholders can apply for a health card online in a few simple steps. They need to meet the following criteria –
- Applicants must be at least 18 years or older.
- Applicants should have a regular source of income.
If you are not an existing customer, you would need to visit one of the partner outlets to avail this card.
Also, you do not need to submit any additional document if you are an existing EMI network member. However, if you are new to the financier, you would need to submit the following documents –
- KYC documents
- NACH mandate
Always check the health card eligibility before applying for it. It should maximise your chances of receiving quick approval.
Benefits of using a health card
Now that you know the documentation process for health card application, here are some of its most notable features and benefits that can amplify its benefits for users.
Convert bills into EMIs
Settling your medical liabilities at once can be difficult. One of the prime features of this health card is that it allows one to convert the outstanding healthcare expenses into monthly instalments and repay over a tenure of 24 months, with a high financing limit of up to Rs.4 lakh. This facility can help you avail even the most expensive treatments without overburdening your finances.
Coverage for most medical procedures
With scope to avail medical assistance for over 800 medical consultations, treatments, and procedures, both necessary and non-necessary. you can thus utilize the card for diverse medical consultations.
Also, while health insurance policies exclude many forms of therapies, especially homoeopathy and cosmetic treatments. This health card covers all of these expenses. With it, cardholders can avail of financial help for almost every medical procedure available. Therefore, it can be a handy financial tool even for those covered under a health insurance policy.
Cashless treatment at more than 5,500 outlets
If you undergo treatment at one of the 5,500 plus network hospitals and facilities located at over 1,000 Indian cities. You can directly use this card to service your medical expenses. This eases the process of seeking treatment significantly, especially for emergency procedures where patients and family members have almost no time to arrange the necessary funds.
Instant approval of the card via a one-time payment of Rs.707 only makes emergency funding of various illnesses convenient. Also, one card can facilitate financing for various treatments of all family members, which includes parents, siblings, spouse and children.
While health-related issues are likely to remain rampant, opting for a health card ensures affordability. It can help cardholders seek the necessary treatment without immense financial burdens.
