Apollo Hospitals Group and Bajaj Finserv partner up to make hospital paymentseasy
~Launch co -branded Health EMI card aiming to provide hassle-free finance for medical treatments~
January21, 2020, Chennai, India: Hospital emergencies are never planned. Organising finances is one of the challenges of dealing with the entire process of hospitalisation. Apollo Hospitals Group, as Asia’s largest and most trusted healthcare guardian, teamed up with Bajaj Finserv to ensure patients and families are provided an easy hassle-free payment avenue while dealing with hospitalisation.
Apollo Hospitals Group today announced the launch of this first of its kind co-branded Health EMI Card in association with Bajaj Finance Limited, the lending arm of Bajaj Finserv Ltd and the largest non-bank in India.
The Apollo Hospitals-Bajaj Finserv Health EMI Card is a unique offering for people to enable easy access to Asia’s best of medical care without worrying about finance.
Users of this co-branded Healthcare card will be able to convert their medical expenditure into easy no costEMIs that can be repaid over a period of 12 months. The Apollo Hospitals-Bajaj Finserv Health EMI Card offers easy EMI financing and quick loan processing with minimal paperwork thereby avoiding the hassle of documentation.
The Apollo Hospitals-Bajaj Finserv Health EMI Card offers several features such as instant activation, a high credit limit of up to Rupees Four lakhs (Rs 4 lakhs), the emergency line attached to the card, priority access and add-on benefits like complimentary personal accident insurance cover, discount vouchers, and coupons. Covering the entire family, the Apollo Hospitals-Bajaj Finserv Health EMI Card will be accepted across the entire Apollo Hospitals network.
Apollo Hospitals Group and Bajaj Finserv had previously joined hands to offer up to 100% finance on all healthcare and diagnostic services. This new initiative will help people facing a medical emergency, as well as those who are not able to bear the cost upfront for even planned treatments. The Apollo Hospitals-Bajaj Finserv Health EMI Card will also benefit patients who do not have health insurance or whose insurance limit is lower than the cost of the treatment.
Speaking at the national launch of the card, Dr. Prathap C Reddy, Chairman, Apollo Hospitals Group said, “As the nation’s first corporate hospital, our vision has always been to make world class healthcare accessible to all. The quality of care, especially in a life-threatening emergency is the differentiating factor between a positive and a negative medical outcome. The Apollo Hospitals-Bajaj Finserv Health EMI Card will empower patients to access the best world-class advanced healthcare without worrying about treatment expenses at a time when they are already under stress. The card will also help patients who require elective procedures and surgeries to proceed with the treatment immediately without waiting to collect funds for upfront payment, which could possibly worsen the condition.”
Ms.Suneeta Reddy, Managing Director, Apollo Hospitals Groupadded, “Our mission to ensure accessibility and affordability continues to be easy for medical help when required. Through this Apollo Hospitals-Bajaj Finserv Health EMI Card, we will be able to provide immediate help where required. India is under-insured when it comes to health insurance, leading to families struggling to raise funds for treatment, especially in a medical emergency. The Apollo Hospitals-Bajaj Finserv Health EMI Card will help families ease the pressure and focus on the treatment and not the payment by availing this easy no cost EMIs.”
Rajeev Jain, Managing Director, Bajaj Finance Limited said, “The Apollo Hospitals – Bajaj Finserv Co-branded Health EMI card will enable customers to avail easy EMI financing for healthcare. Our objective is to make quality health care affordable for our customers through a smooth and hassle-free process.”
The Health EMI Card can be availed by submitting KYC documents as per RBI guidelines, such as PAN Card, Aadhaar Card, cancelled cheque and duly signed ECS mandate. Special counters have also been set up across Apollo Hospitals where patients and their families can visit and sign up for the card.
About Apollo Hospitals:
It was in 1983, that Dr. Prathap C Reddy made a pioneering endeavour by launching India’s first corporate hospital – Apollo Hospitals in Chennai.
Now, as Asia’s foremost trusted integrated healthcare group, its presence includes over 12,000 beds across 72 Hospitals, 3400 Pharmacies, over 90 Primary Care clinics and 150 Diagnostic centers, 110 plus Telemedicine Centres, over 15 medical education centres and a Research Foundation with a focus on global Clinical Trials, epidemiological studies, stem cell & genetic research, Apollo Hospitals has been at the forefront of new medical advancements with the most recent investment being the commissioning of South East Asia’s very first Proton Therapy Centre in Chennai.
Every four days, the Apollo Hospitals Group touches a million lives, in its mission to bring healthcare of international standards within the reach of every individual. In a rare honour, the Government of India had issued a commemorative stamp in recognition of Apollo’s contribution, the first for a healthcare organization. Apollo Hospitals Chairman, Dr. Prathap C Reddy, was conferred with the prestigious Padma Vibhushan in 2010.
For 35 years, the Apollo Hospitals Group has continuously excelled and maintained leadership in medical innovation, world-class clinical services and cutting-edge technology. Its hospitals are consistently ranked amongst the best hospitals in the country for advanced medical services.
For further details, log onto: www.apollohospitals.com
Follow us on Twitter: @HospitalsApollo
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 36 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle 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