Status quo of health insurance in India
In today’s day and age, one cannot underestimate the importance of health insurance. 2020 reminded us how easy it can be for the global economy to go into a tailspin, leaving millions stranded without a source of income. Worse, the pandemic also disrupted millions of lives, while more than two and a half million people globally have succumbed to the novel Coronavirus. Health insurance, during these unprecedented times, is a must for individuals and families.
COVID-19 acted as a driving force for greater health insurance penetration in the country in 2020. However, it still falls short of the expected permeation and acceptance of health insurance, which can be attributed to a plethora of reasons, the most significant being the inability to purchase health insurance plans for the majority of Indian citizens. It has been reported that more than 90% of the people that belong to the poorest of communities do not have access to health insurance, while the government’s efforts to make healthcare more accessible is bearing fruits, albeit at a slower-than-expected rate.
Initiatives such as the Ayushman Bharat National Health Protection Scheme are undoubtedly making a difference, while insurance companies are also making it relatively easy for individuals to purchase health insurance, by offering policies such as pocket insurance and micro insurance plans.
Why should you opt for a health card?
Health cards are extremely convenient, as you can carry them around with you similar to debit cards and credit cards. Health cards come with important details, such as the individual’s policy number, date of birth, name of the insured, policy name, and finally, the sum assured. The concerned personnel at the hospital can quickly cross-check these details with the individual’s identification proof to establish their identity, while health cards make it possible for the policyholder to avail cashless hospitalization and treatment.
How to check health card status
To check health card status whether you have purchased health insurance from an insurance company, or have applied for health insurance under specific schemes, such as the YSR Aarogyasri scheme, or the recently launched Ayushman Bharat Scheme, you can check the status of your health card online by going to the official website, and keying in the details. Another extremely convenient health card is the Bajaj Finserv Digital Health EMI Network Card, which comes with a pre-approved limit of up to Rs. 4 lakh.
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If you want to check the status of your Bajaj Finserv Health EMI Card, for instance, you can open the Bajaj Finserv Wallet app and check its status. This Digital Health EMI Network Card gets activated instantly, and you can use the digital card to pay for your hospitalization, medical and diagnostic bills at a network hospital.
Health card benefits
Now coming to the crux of the discussion, health cards inherently offer a myriad of benefits. Some of the health card benefits include:
- Cashless treatment: Once you get admitted to a network hospital, you can use your health card to avail cashless hospitalization and treatment. It is possible for you to initiate the claims process immediately, and the claim will be settled in a quick and hassle-free manner.
- Policy details at your fingertips: Health cards also come with all the details related to your policy, so you don’t have to carry any documents.
- Identification card: Your health card also acts as your ID card while availing cashless treatment.
- Validity of your policy: Think of a health card as a debit card or a credit card, which inherently come with an expiry date. When it comes to health cards, however, the expiry date pertains to the expiration of your policy. Once you renew the policy, you will get a new health card.
- Eligibility: Health cards are also used to validate the eligibility of your claim. The hospital administrator cross-checks all the details to ensure that you are indeed eligible for cashless treatment.
Benefits of the Health EMI Card
If we are to talk about the benefits of the Digital Health EMI Network Card offered by Bajaj Finserv, these include:
- Pre-approved limit of up to Rs. 4 lakh, which you can use as No Cost EMIs
- Instant activation
- Completely digital in nature
- You can use one card for your entire family
- The card comes with a complimentary accidental cover worth Rs. 1 lakh
- Zero documentation required
- Flexible tenors ranging from 3 months to 24 months
So get your hands on the Bajaj Finserv Digital Health EMI Network Card, and protect yourself and your family from unforeseen events.