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  • A Quick Guide To Health EMI Card: What All You Need To Know?

    Published on February 6, 2021

    Health issues are unpredictable; you may never know what might happen to your health the very next moment. The current pandemic situations and growing malicious lifestyles of people have given rise to many physical and mental ailments. When people encounter medical emergencies, they often regret that they were not financially prepared for it.

    Today, quality healthcare solutionsare skyrocketing in terms of costs. If you are not financially prepared for all the uncertain medical emergencies, you might have to suffer in your tough times. Hence, it is highly important to bring a sense of preparedness in your life regarding financial cover for your health issues.

    Over the years, health insurance plans have emerged as the foremost approach to get ideal financial coverage. Still, the lucrative plans are the best choice. However, it is always better to look for a refined option that can give you instant benefits. One such tool that can come in handy in your emergency situation is a health EMI card.

    What is A Health EMI Card?

    Just like a health insurance plan, a health EMI card will give you financial assistance during health emergencies. Instead of waiting for the claim to get settled, you can make cashless payments through this EMI card and pay the amount in small installments.

    There are plenty of online health insurance companies that are offering this service. For instance, Bajaj Finserv Health EMI Card has bagged a massive acclamation among the customers due to its wide range of benefits.

    What Are The Benefits of Health EMI Card In India?

    Before buying a health EMI card for covering your healthcare solutions, it is crucial to understand its vast benefits. Here are some of the common benefits you can avail from your card or a Bajaj Finserv Health EMI Card:

    No cost EMI that can finance up to ₹4 lakhs.

    Instant activation of the card using the app. (You can use the Bajaj Finserv Wallet app).

    A digitalized card you can use for instant payments.

    No need for documentation; everything will be virtual.

    A single card can cover the health expenses of your family.

    Flexible tenor for repayments that can extend up to 24 months.

    Easy EMI availability anywhere. However, it would be better to check the network hospitals list.

    Exclusive discounts and offers from healthcare institutions. 

    Complimentary cover for personal accidents up to ₹ 1 lakh. (It is only available with Bajaj Finserv Health EMI Card)

    Factors To Consider Before Selecting A Health EMI Card

    There’s no doubt in asserting that health EMI cards are of great use, and you cannot deny their prominence. However, in order to make the best decision, it is essential to choose the best card. As mentioned earlier, almost every insurance company is offering its EMI card, so how would you choose the best one for your needs?

    To further ease your hassle of finding the ideal health EMI card, here are a few factors you need to consider:

    #1 Total Cover

    Each EMI card has a limit up to which you can use the financial services or make cashless payments. You need first to ensure the total cover a concerned EMI card will be providing you. For instance, Bajaj Finserv Health EMI Card can offer no-cost EMI of up to ₹4 lakhs. However, you can set the limit of your card according to your preference. Take your health concerns into consideration while choosing the total cover. For instance, if you are suffering from any critical disease, it would be better to look for a wider cover.

    #2 Number of Network Hospitals 

    Health EMI cards work within the network hospitals of the concerned insurance companies. Generally, insurance companies have a wide network of hospitals within which they provide financial cover. You need to ensure that your card will cover your desired hospitals. Suppose you have been diagnosed with heart disease and your health card does not cover any heart hospitals. You won’t be able to make use of your card.

    #3 Look For Additional Offers

    Along with the general financial cover, health EMI cards bring up additional benefits as well. These are typically related to some extra cover that will protect your healthcare solutions even better. For instance, Bajaj Finserv Health EMI Card offers a complimentary accidental cover of up to ₹ 1 lakh. It is just enough to cover your personal accident expenses. Similarly, you must look for other EMI cards that can offer you additional coverage. These covers come in handy during emergency situations that won’t disrupt your total cover.

    #4 Number Of Health Benefits

    There are some EMI cards that fulfill specific healthcare solutions. For instance, some EMI cards can only be used against critical illnesses or accidental expenses. It is important to remain clear of all the benefits provided by your health card. So that you don’t face any difficulties in the future. Check with your insurance company to check the complete benefits of the card. Some EMI cards are available for the entire family, and some are meant for individuals only. So, you must ensure how your EMI card can be used.

    The Bottom Line

    Health emergencies can put a lot of financial pressure on you that can be detrimental if you are unprepared. A health insurance plan can offer you the best coverage, but a health EMI card can provide you with instant financial help.

    These EMI cards offer cashless treatment in the beat healthcare centers. You can pay in EMI for a fixed tenure set by the insurance company. 

    There is an abundance of EMI card options available in the market. Hence it is essential to find the best health card like the Bajaj Finserv Health EMI Card for your healthcare solution. With Bajaj Finserv, you will get plenty of lucrative benefits that will make your card worthwhile.

    The above-mentioned guide will help you learn everything about these comprehensive EMI cards and how you can find the best one aligning with your needs.