“The card will save costs and eliminate administrative issues while disbursing medical allowances,” said Parag Rao, Senior Executive Vice-President, HDFC.
The re-paid medical card allows corporates to disburse medical allowances to their employees and has insurance cover for accidents. Corporates can avail the specified allowance each month through the card, which can be used by employees for medical expenditure Visa/MasterCard outlets.
The card provides a free accidental death insurance of Rs 3 lakh and accident hospitalisation insurance of Rs 30,000. Moreover, users can avail discounts at Apollo network including Apollo Hospitals, Apollo Pharmacies, Apollo Clinics and Apollo White Dental.