SBI Card to launch exclusive credit card for doctors

3/28/2018

Agencies, New Delhi Credit card issuer SBI Card has partnered with Indian Medical Association (IMA), the voluntary representative organisation of Doctors of Modern Scientific System of Medicine, to launch ‘Doctor’s SBI Card’, an exclusive credit card for doctors which is designed to complement the distinct lifestyles and needs of doctors. “The card is based on research and insights into the distinct requirements and lifestyles of doctors. It offers several industry first features and exclusive benefits tailored for doctors, making it the most rewarding product in its class,” stated the release. SBI Card MD and CEO Hardayal Prasad said, “India has the highest number of medical colleges and produces the maximum number of doctors annually, as compared to any other country. We are delighted to partner with IMA to introduce the Doctor`s SBI Card, an exclusive credit card with a unique value proposition designed for India`s large, fast growing community of doctors. Based on research and insights into the unique lifestyles and requirements of doctors, the Doctor`s SBI Card integrates industry first features such as professional indemnity insurance cover and accelerated 5X rewards on medical supplies purchase for the benefit of doctors running private clinics. Doctor`s SBI Card offers industry first feature of professional indemnity insurance cover of INR 10 lakh to protect doctors against professional risks and liabilities. In their profession, doctors may face unforeseen events giving rise to risk of claims from patients or related parties. To safeguard their professional interest, the card offers cover for legal and defense costs as well as out of court settlements and court awards. To complement their frequent travel, Doctor`s SBI Card offers 5X rewards on travel bookings through travel websites/apps as well as on international spends. It also brings cardholders a privileged travel experience through complimentary Priority Pass membership which enables them to access international airport lounges without charge. The card has been launched on the Visa Signature platform which allows cardholders complimentary access to domestic airport lounges, discounts on car rentals and hotel bookings worldwide, discounts on airport immigration fast track services, 24/7 concierge services etc. Cardholders can also choose to avail EMI facility, either at point of purchase, or convert unpaid balances to EMIs, at attractive rates of interest. Dr. Ravi Wankhedkar, National President, IMA said, “Our members are doing a wonderful service for the community. We wanted to bring them something special in in today’s era of plastic money. Thus, we have partnered with SBI Card to launch an exclusive credit card which will bring great value to our members.” “Each card is personalised with ‘Dr.’ embossed on the card front against the name of the cardholder together with qualification degrees of the medical practitioner, making it an exclusive product. “The card offers value from the point of enrolment itself, through a welcome voucher worth INR 1500 redeemable at Yatra.com. Accelerated benefits of 5X reward points can also be availed on all card spends on Doctor’s Day i.e. 1st July. Along with ongoing benefits via accelerated rewards, the card also rewards customers on achieving annual spend milestones. Spend based benefits include renewal fee reversal on annual spends of INR 2 lakh and gift voucher worth INR 5,000 on annual spends of INR 5 lakh or more,” the release stated.

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