YES BANK partners Affordplanto launch aHealth Card and wallet integration under 'Swasth program' a first of its kind proposition in Healthcare
CEO Insights team, Press Release
In addition, YES BANK’s wallet has also been integrated on AffordplanSwasthto enable wallet QR scan for making payments to merchant partners empaneled on the AffordplanSwasth app.
Key featuresand benefits of the YES BANK and Affordplan ‘Swasth’program:
-Access to goal-based savings projection chart for medical treatmentbased on treatment inputs
-Access to healthcare services and treatments at a discounted price
-No documentation required to apply for the card, full KYC to be done within 24 months
-Flexible recharges from INR 100 up to a maximum balance of INR 1 lakh
-Cashback benefits offered enable savingson expenses related to OPD consultation, diagnostics, medicines and In-Patient Department (IPD) treatments
-Access to loan facilitiesfor IPD treatments, in case a customer faces liquidity issue. The loan for the treatment is disbursed directly to the hospital
-Basic cover against accidental hospitalization, disability, or death. The program has an inbuilt rewards platform which provides wellness related products and services in the form of rewards and incentives to customers
-Contactless, eliminates cash transactions for the safety of customers at hospitals and pharmacy stores
Speaking on the launch, Anita Pai, Chief Operating Officer, YES BANK, said, “At YES BANK, we believe that technology can be used for the benefit of
'Swasth'customers can manage their family's healthcare needs by accessing a comprehensive offering of financial products on AffordplanSwasth.
communities and this partnership with Affordplan is a step towards enabling a connected but contactless healthcare payment system. As the country unlocks in phases, it becomes imperative to reimagine the possible and innovate to adapt to the new normal.”
Tejbir Singh, CEO, Affordplan, said, “We believe everyone has a right to access quality healthcare In India. AffordplanSwasth is an initiative that has the power to become an agent of change to bring an equal opportunity for curative care to the marginalized and non-marginalized alike. COVID has already exposed the financial hardships that a family goes through in times of medical emergencies and hence, the need for such a product is strongly reinforced.”
To apply for the card, customers can activate the YES BANK integrated wallet on the AffordplanSwasth.Through this RuPayprepaid card, ‘Swasth’,customers can manage their family’s healthcare needs by accessing a comprehensive offering of financial products on AffordplanSwasth. Equipped with a chip-enabled card, digital wallet, goal-based savings, loans, and insurance, Swasth program extends a 360-degree access to a family seeking curative as well as preventive care. Loaded with multiple financial benefits, hospital-backed offers, and rewards on shopping with a partner network, the program packs a powerful punch, helping reducecustomers’ medical bills through cashback benefits and offers at hospitals and pharmacies.
For hospitals, the proposition bridges the gap between the customer and institution through a loyalty program offering CRM, analytics, and marketing support. Payments through the app are enabled by YES BANK wallet in hospitals, labs, and pharmacy stores, helping reduce the risk associated withhandling physical cash.