Ever part of your life relies on good health. Don’t take care of your health and it will cost you a fortune. In this era, where the costs of treatments are reaching the mountain, Afford plan enables you to plan your health finance systematically. And while you do that, you get to avail a bunch of benefits too. How? let’s find out below.
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What is the way forward, in terms of schemes and business models for Afford Plan – insurance and other medical – financial products?
AffordPlan is working on various products to address the pain points of the patients across various specialities. We have a dedicated innovation lab that is continuously improvising on our offerings across maternity, IVF, paediatrics, orthopaedics, dental, eye care and some general surgeries.In the near future, AffordPlan aims to introduce innovative products around medical lending and health insurance.
Which towns and categories of hospitals for your company feature the most?
AffordPlan currently has its presence in five cities including Delhi, Bangalore, Mumbai, Pune and Ahmedabad. We have tie-ups with single speciality, multi-speciality and corporate hospitals across all these cities. We also have plans to expand to two more Tier 1 cities in the next 6-8 months
How is AffordPlan different from an insurance or SIP plan?
Insurance plans with decent healthcare covers come with a long waiting period. While most people might not have access to cashless insurance, AffordPlan allows the patient the freedom to save for all their healthcare needs without making them feel the burden of an immediate cash crunch in the hour of need. With this planned financial savings platform, the patients have the freedom to choose the treatment, the course of time and the amount of money they would like to save. Once the patient is admitted for the treatment, the money is already deposited with the hospital, helping them to have a worry-free procedure.
Unlike a SIP where one has to deposit in banks, AffordPlan helps you process all the savings you need for the care directly to the hospital you choose. AffordPlan offers customised savings solutions so that one may undergo treatment with financial ease at a hospital of one’s choice.
As you mentioned that IVF will be the next step for Afford Plan; will it not create issues to gender selection and usual health ethics matters? How does AffordPlan help in case of IVF?
AffordPlan complies with all the government rules and regulations. We provide financial solutions to ease the financial burden of the medical treatments and have no role to play in gender selection.
IVF or In Vitro Fertilisation treatments can cause a lot of stress – physically, emotionally and financially. While we all understand the emotional burden that IVF treatment brings along, financial crunch is the biggest barrier for couples when it comes to such fertility methods.
IVF treatment lasts for 2-3 months and can cost anywhere between INR 2,50,000 to 4,50,000. IVF requires out-of-pocket costs that can cause immense stress and discomfort. AffordPlan offers a tailor made saving solution and loans where couples can save money every week/month and get benefits on treatment, medicines and diagnostics too.
Finally, Does PM Modi’sAyushman Bharat Health Insurance affects your business?
Ayushman Bharat is likely to offer significant benefits to people and it is a very good initiative by the Government of India. It caters to people at the bottom of the pyramid. On the other hand, AffordPlan is a savings solution that helps lower and middle-income patients with financial planning for medical needs. The majority of the patients often do not have insurance policies or sufficient savings. The idea, therefore, is to enable them to plan, save and pay for non-emergency surgeries such as childbirth, dental, eye care and cosmetic procedures.