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HDFC Bank launches "health plus credit card"

Last Updated: Wednesday, August 6, 2003 - 00:00

Mumbai, Aug 06: HDFC Bank has partnered with National Insurance Company and Mastercard International to launch its "HDFC Bank health plus credit card" and expects to sell 15,000-20,000 cards in the first year of the alliance.
"This card, which will be available in Mumbai, Delhi and
Chennai during the first phase, will include a free and
cashless mediclaim of Rs 50,000 plus a critical illness cover
of Rs 1.5 lakh", HDFC Bank managing director Aditya Puri told
newspersons here today.

The mediclaim offer was also available on the add-on
cardholders, he said adding, the option of purchasing
additional mediclaim covers would be offered at upto 50 per
cent discount.

The card can be used at hospitals such as Jaslok and Ram
Manohar Lohia to get discounted annual health check-ups. It
was also a regular international card with an annual fee of Rs

With this launch, the bank has almost completed its suite
of products and was now a one-stop shop, Puri added.

National Insurance Company general manager S Majumder
said the bank expects a sale of 15,000-20,000 cards in the
first year of operations.

Mastercard International general manager, South Asia,
Nitin Gupta, said the company has currently has a total
cardbase of 90 lakh (debit plus credit) in India.

Bureau Report

First Published: Wednesday, August 6, 2003 - 00:00

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