New Delhi 18th January 2024: SaveIN, the leading Gurugram-based healthcare fintech platform, has expanded its product suite by launching groundbreaking no–cost EMI plans, exclusively tailored for over 5 crore credit card holders across various banks. This initiative aims to revolutionize healthcare accessibility, offering customers unparalleled ease in availing a wide range of healthcare services through SaveIN’s extensive network of over 5000 healthcare providers.
With these EMI-based healthcare plans, SaveIN ensures that Credit Card holders can effortlessly access services in Dermatology, Elective Surgeries, Hair Transplant, Dental, Ophthalmology, Wellness, Alternate Therapies, Fertility, and more. The key features of this pioneering initiative are designed to enhance customer experience and affordability in segments that are not covered by traditional health insurance plans and hence require very high out of pocket expenses.
Customers can now visit any healthcare provider in the SaveIN network, select their credit card offer by scanning SaveIN QR code and pay their bills using customized EMI based payment plans on their cards, basis eligibility. The entire process is conducted in a secure environment, utilizing a RBI approved payment gateway. SaveIN prioritizes the security and transparency of the transaction process to ensure a seamless experience for users.
The payable amount will be collected in monthly installments, seamlessly integrated into the regular credit card billing cycle. This approach ensures convenience and flexibility for customers, allowing them to manage healthcare expenses in a manner that aligns with their financial preferences.
The Y-Combinator backed startup already has a completely digital process for offering on demand credit to customers across their healthcare partners. Applicants are assessed for credit worthiness in real time and allotted a credit limit for their specific healthcare needs, from banks and non-bank finance partners of SaveIN. Over 2 lakh such customers have applied for no–cost EMIs on SaveIN in the first two years of its business.
Commenting on this innovative initiative, Jitin Bhasin, Founder and CEO of SaveIN, said, “As we pave the way for a healthier future, SaveIN remains committed to facilitating positive change and a forward-looking approach in healthcare accessibility and payments. With the launch of our no–cost EMI plans for credit card holders, we aim to make quality healthcare available and affordable for millions of credit card customers in India at the click of a button. This product not only provides financial flexibility for need based events in personal health, but also ensures a secure and transparent process for our users.”
Taking a customer-centric approach, SaveIN ensures that, in most of the offers available on the platform, customers are not required to pay any incremental interest. This feature makes healthcare services more accessible and affordable, aligning with SaveIN‘s overarching commitment.