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We know that fixed deposits are utilized for investing our extra savings, but now a fixed deposit can also be utilized to acquire health benefits. Arogya insurance card is an initiative under Ayushman Yojana where a beneficiary can enjoy cashless hospitalization provided, he/she owns a fixed deposit. This card is specially introduced for senior citizens by the KVB in association with the Vidal Health Insurance Third Party Administrator. It can be useful especially during emergency hospitalization for heart attacks, strokes, etc. Let’s dive deeper into this subject and understand its criteria, application, claim process, and also its benefits.
Any senior citizen who wishes to apply for an Arogya insurance card must fulfill the following conditions
1. To place a request for an Arogya insurance card, you have to sign and submit an application form.
2. You can generate this form from the FRS utility once a lien is marked on your fixed deposit.
3. Upon verification of the submitted form and the necessary documents, if you are found eligible, you will be given the Arogya insurance card.
The policy excludes you from paying any pre-closure charges if you choose to close the fixed deposit linked with the Arogya insurance card before the due date.
With a wide variety of medical benefits and protection against future health emergencies, an Arogya insurance card is a must-have for every senior citizen. However, It’s necessary that before getting the card, one should go through all the terms and conditions thoroughly in order to avoid any hassle or inconvenience in the future.