HDFC Bank, in association with Apollo Hospitals, has launched a co-branded pre-paid card called HDFC Bank Apollo Medical Benefits Card, which will enable corporates to easily disburse medical allowance to their employees without waste of time and incurring any cost.
Corporates can load the specified allowance on to the card of each employee every month, which can be used by employees for medical expenditure at pan-India VISA/MasterCard outlets. “This card offers an easy and convenient way for corporates to save costs and eliminate administrative issues while disbursing medical allowances,” said Parag Rao, Senior Executive Vice-President and Business Head, Cards Payment Products and Merchant Acquiring Services, HDFC Bank.
“The Medical Benefit card is a win-win for employees, who benefit from cashless transactions for healthcare with unmatched savings, and the employer in terms of transparency, compliance and transaction cost saving. All companies and their employees will benefit and shift to this card in the future,” Shobana Kamineni, Executive Vice-Chairperson, Apollo Hospitals Enterprise Ltd., said in a statement.
This first-of-its kind card offers employees access to additional benefits such as discounts and facilities, including free ambulance services. The card comes with a free accidental death insurance and accident hospitalisation insurance, and discount at Apollo Network (Apollo Hospitals, Apollo Pharmacies, Apollo Clinics and Apollo White Dental) across India.
