What are the Pros and Cons of Health Cards?

There is no excuse for not giving your health due attention with the increasing availability of health cards. These very convenient cards are a boon to a generation that is riddled with lifestyle-related diseases that can often be cured — or at least controlled — with the right medical assistance. Health cards offer a credit or loan facility for all the cardholder’s medical expenses, with a long list of ailments and treatments being covered by the card. The best healthcare is accessible to everyone with a regular source of income, thanks to the availability of health cards. For instance, the Bajaj Finserv Health EMI Network Card covers more than 800 different procedures, ailments and treatments ranging from stem cell treatment to cosmetic surgery.

If you are wondering whether you should apply for a health card, it makes sense to explore the various pros and cons of these cards.

Benefits of having a health card

Pay for healthcare on No Cost EMI

When you successfully complete your health card download through the Bajaj Finserv Wallet App and get your login credentials, you now have access to a whole world of healthcare services. Pay for all manner of surgeries, diagnostics, hospitalisation, consultation and pharmacy bills on EMI. 

Moreover, the EMIs that you will pay do not attract interest, as you pay on No Cost EMIs. If your root canal treatment cost comes to Rs. 12,000 and you have chosen to pay in 12 instalments, you pay precisely Rs. 1,000 per month.

Enjoy maximum loan of up to Rs. 4 lakh

Given the high cost of healthcare and the uncertainty that the world is facing, most health cards come with a fairly high credit limit, known as a loan limit. For example, with the Bajaj Finserv Digital Health EMI Network Card, you get a pre-approved limit of up to Rs. 4 lakh. 

Flexible tenors

With the Bajaj Finserv Digital Health EMI Network Card, the cardholder gets to choose the tenor that suits their salary and pocket size. You can even choose to pay in 24 monthly instalments which basically gives you two years to pay off your debt, in the case of a big-ticket expense. 

Instant activation

One of the most useful features of health cards is instant activation. You can opt for one as soon as you find out that some huge healthcare expenditure is about to be incurred. For example, let’s say you find out you need a root canal treatment or cardiac surgery, or that some dermatological treatment is going to mean high bills at the pharmacy. You can apply for a health card just as soon as the information reaches you and complete the health card download before you incur the expense. That said, always check if the card issuer provides instant activation. This is a given with the Bajaj Finserv Digital Health EMI Network Card.

High level of usability

The health card offered by Bajaj Finserv can be used to take care of the healthcare bills of your entire family, providing a high level of usability. 

Offers, discounts and freebies

The cardholder gets exclusive offers and discounts, which can go up to Rs. 10,000 and up to 50% off at partner healthcare providers and there might be additional attractive freebies thrown in too. For example, the Bajaj Finserv Digital Health EMI Network Card offers complimentary personal accidental insurance worth Rs. 1 lakh for one year. 

Considerations before applying for a health card

Failure to use your card due to procrastination

Like exercise, meditation and healthy diets, you must actually get down to action for the health card to make a difference in your life. A successful health card download is nothing if you never use it. 

Read Also – What Kind of Diseases Are Covered by the Health Card

Running up bills that you cannot afford to pay off at your current pay grade

When you opt for a health card, you and your family gain access to the healthcare you might not have otherwise had access to. However, it is up to the cardholder to consider their income and monthly payout capabilities. Health card providers are generous with flexible tenors that go up to 24 months as in the case of the Bajaj Finserv Digital Health EMI Network Card, but you do need to be able to pay off your EMIs. 

Penalties for delayed EMI payments

Linked to the previous consideration, penalties are applicable when you do not pay your EMIs on time or fail to pay them altogether. This not only escalates what you owe but also affects your credit score. Be sure to use credit responsibly. This is true not just for health cards but for any credit line or loan that you may opt for across credit cards and loans.

If you are looking for a health card, one of the best options available is the Bajaj Finserv Digital Health EMI Network Card. Not only does it come with a high pre-approved loan of up to Rs. 4 lakh, instant activation, No Cost EMI and great deals, but it also boasts an extensive healthcare network of more than 5,500 partners across 1,000+ cities.