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The Benefits of Using EMI Health Card for Medical Expenses

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bajaj health emi card benefits

A 2021 NITI Aayog report notes that 63% of all healthcare spends in India is out-of-pocket expenditure, among the highest in the world. This is a significant financial burden with the sheer amount of healthcare expenses in India. For context, according to the 2022 National Health Accounts Estimates (NHAE), Indian households spent Rs 2,87,573 crore on healthcare services, accounting for a major chunk of the total health expenditure. In comparison, the country’s current healthcare expenditure is Rs 5,40,246 crore.

Even with the growing penetration of insurance to help reduce these expenses, there is a huge gap which needs to be filled. The more challenging part is the financial distress that befalls the patient’s family while dealing with the stress of health concerns. There have been enough stories exchanged about families failing to fulfill medical bills at the cost of their loved ones’ health.

 Bajaj Finserv Health has closely looked at this burgeoning health crisis and worked on providing financial support. The launch of the Bajaj Finserv Health EMI Network Card allows the coverage of all types of medical expenses, including the ones which are not included in any health insurance plan.

Why Health Card?

The Bajaj Health Card is a digital EMI card which offers pre-approved loan limit of upto Rs. 4 Lakh. It also offers Free wellness benefits up to Rs. 10,000+, such as in-clinic doctor consultations, lab benefits & preventive lab test packages.

What is Bajaj Finserv Health EMI Network Card?

The Bajaj Finserv Health EMI Network Card allows customers to convert their healthcare expenses into easy EMIs. It is a digital card which can be purchased online with no physical documents & is activated instantly.

What all comes under Bajaj Finserv Health EMI Network Card?

  • Loan Limit of up to Rs. 4 lakhs to convert medical expenses into easy EMIs
  • Doctor consultations and lab benefits worth Rs.2,500
  • Free preventive health check-up package
  • 10 Free teleconsultations with doctors

Bajaj Finserv Health EMI Network Card- Gold or Platinum, what should I choose?

There are two unique variants to choose from – Bajaj Finserv Health EMI Network Card – Platinum and Bajaj Finserv Health EMI Network Card – Gold. It depends on your needs. Here’s what you get under Gold and Platinum Bajaj Finserv Health EMI Network Card.

Platinum card offers:

  •  EMI loan limit of upto Rs.4 lakh for converting healthcare expenses into Easy EMIs
  • Doctor consultations and lab benefits worth Rs.2,500 at any Hospital, Doctor or lab
  • 10 Free teleconsultations with doctors across 35+ specialities, worth Rs.5,000
  • 1 Free preventive health check-up package worth Rs.3,000
  • The card costs Rs.999, inclusive of GST

Gold card offers:

  •  EMI loan limit of upto Rs.4 lakh for converting healthcare expenses into Easy EMIs
  • 10 Free teleconsultations with doctors across 35+ specialities, worth Rs.5,000
  • 1 Free preventive health check-up package worth Rs.3,000
  • The card costs Rs.707, inclusive of GST

Why choose Health EMI Card over others?

With a problem as big as out-of-pocket expenses in healthcare, there are multiple health credit card offerings in the market to avail benefits. Here’s how Health EMI Card outweighs others:

     BenefitBajaj Finserv Health EMI Network CardOther Healthcare Credit Cards
Digital cardYesNo
Loan LimitUp to Rs 4 lakhVaried
Free Teleconsultations10~4
Free health check-upsYesYes
Treatments covered1,000+NA
Cities covered1,000+~10
Hospitals covered 5,500+ Hospitals, Labs & Healthcare centersNA
FeeOne-time joining fee of Rs 707-999Annual membership fee Rs 499-2,000

How to get Bajaj Finserv Health EMI Network Card?

The best part about choosing the Bajaj Finserv Health EMI Network Card is the ease of access. Once you visit the Bajaj Finserv Health website, you will have the card within 5 minutes. Here’s how:

  • Choose between Gold Health Card and Platinum Health Card
  • Enter your mobile number to receive OTP on your mobile, and then verify it
  • Fill in the online application form with your basic details such as full name, DOB, PAN, Aadhaar, e-mail ID and pin code
  • Select your gender and type of income, whether employed or self-employed
  • Click on ‘Proceed’ to generate the expenses limit of your Bajaj Finserv Health EMI Card
  • Complete your online KYC
  • Pay a one-time joining fee (Rs.999 for Platinum, Rs.707 for Gold)
  • Click on ‘Activate Now’ and complete the e-mandate process by entering bank account number and IFSC
  • Once done, the card is then ready to use.

PS. If you are an existing Bajaj Finserv customer, you can view the EMI Health Card on your Bajaj Finserv Health app and choose among the pre-approved offers.

Can I increase my pre-approved limit?

The Loan Limit on Bajaj Finserv Health EMI Network Card is subject to change whenever we revise our credit policy. This is a periodic activity undertaken once every quarter.

Multiple factors are considered under the credit policy. These include:

  •  Your Credit scores
  •  Your income
  •  Your place of residence
  •  Your employment status

 Your overall credit performance across other lenders

What next?

The Bajaj Finserv Health EMI Network Card lets you take a break from worrying about your’s and your family’s healthcare expenses.

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