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Bangalore, Nov. 27 Transglobal Beneficial Inc rolled out its prepaid India Health Card in Bangalore on Wednesday. The card works like a debit card and is meant to cover the medical expenses of families of NRIs back home.

The card aims to replace the slower procedure of wiring money and ensures timely, assured payment towards treatment at over 2,000 hospitals and dental services across the country, a release by the Texas-based healthcare payment solutions company said.

Currently, 5 per cent of the $29-billion NRI remittances — or around Rs 7,000 crore — accounts for healthcare-related spends. According to Dr Ravi Halekote, Founder and CEO of India Health Card, the card is convenient for the families and saves delayed payments to hospitals and dental clinics.

NRIs can buy and send it to their families in India and load the card periodically through the Internet. Users get services at a discount. In future, the pre-paid card is to be made available at hospitals and malls. The company has tied up with almost all private healthcare majors and plans to take it to Government hospitals in the next phase. The privately-held Transglobal was started by medical professionals to offer innovative healthcare payment solutions.

More Stories on : Credit Cards & Debit Cards | NRIs | Health

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