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HDFC Bank launches medical benefits card

61HDFC Bank, partnering with Apollo Hospitals, has launched HDFC Bank Apollo Medical Benefits Card, a prepaid card that can be used by corporates to disburse medical allowance to their employees. The bank said, using the card, the administrative process of disbursing this money is quick and simple as corporates can 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 first of its kind card also offers employees access to a wide range of additional benefits in the form of offers and discounts, and facilities such as free ambulance services. The range of benefits are: free accidental death insurance of Rs 3 lakh and accident hospitalization insurance of Rs 30,000, discount and offer at Apollo Network pan India, value added services like complementary ambulance at select hospitals, priority desk etc and monthly report to corporate for spends done by their employees at Apollo network. Parag Rao, senior executive vice president and business head, Cards and Payments Products and Merchant Acquiring Business at HDFC Bank, said the card is in line with the bank’s strategy to consistently deliver unique products and services to its customers, which are customized to suit their ever-evolving needs.

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