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Monday, May 18, 2015

HDFC Bank launches medical prepaid card

HDFC Bank, the country’s second largest private lender, launched medical benefits prepaid card for corporates to disburse medical benefits to their employees.

HDFC Bank has partnered with Apollo Hospitals for this prepaid product that allows corporates to load the specified allowance onto the card each month, which can be used by employees for medical expenditure at pan-India VISA/ MasterCard outlets, the bank said in a statement.

The card also offers employees access to a wide range of additional benefits such as free accidental insurance of Rs. 3 lakh, complimentary ambulance services at select hospitals and offers and discounts at Apollo Network.

“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 & Business Head, Cards Payment Products.

Source : Thehindubusinessline


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