Magma HDI (MHDI) general Insurance Company is launching a new prepaid card for its customers. Company stated that company is bringing out this card that will assist the customers in making the payments at outpatient departments and day-care facilities of hospitals. This card will be similar to the other debit and credit cards but for the use in hospitals only.
The chief executive officer of the company stated that the card will be linked to the company’s upcoming health insurance products in the individual, family and group categories. The card limit will be based on the limit value of the policy of the user. The company is waiting for the approval from IRDA. MHDI is also planning to expand its services, the company will see to work in association with other banks and offer the services like tractor finance, livestock (apart from poultry) and personal accident coverage. Apart from health insurance company also wants to start up with the service of delayed penalties category of infrastructure insurance.