Now you can get cashback on availing healthcare services through medicash membership. What does it offer and is the service worth availing?
Online cashback plans are gaining popularity. One such service, Medicash.in, a medical 
services e-tailer, offers a free membership, which entitles you to a discount in form of cashback when you avail services of any of its healthcare partners. When you visit any of its healthcare partners, you have to prove your medicash membership. When the service provider bills you, it will take note of your membership details and will mention it in the bill and you will be informed by SMS. Your money will be credited to your cashback account with Medicash, from where you can get it transferred to your bank account.
For many service providers that Medicash has tied-up with, there are minimum limits for purchase, only over and above which, discounts would be applicable. In case minimum limits are not applicable and you make small purchases, you will have to wait to get your cashback—Medicash allows transfers only once the cashback that you are entitled to, accumulates to Rs150.
According to the main page of the website, the partner sends you an acknowledgement through SMS. You will have to pay the entire bill since no discounts and cashback are given upfront. The amount will be credited to your Medicash account between 10 to 45 days. Once cash is available with Medicash.in, you will be free to transfer it to your account via online transfer or a cheque. Since the website deals only in services and does not sell products, you cannot use this cash to buy from the website/affiliate websites directly. You will have to get it transferred to your account to get it released.
Is it worth going for?
Online cashback systems are vulnerable to delays, technical glitches and are non-standardised. The process depends upon the website you use, the terms and conditions that govern these websites in general, those specific to deals that you choose to make and also on those that the manufacturer or the service provider puts forth. Thus, primarily it is important that you read the terms and conditions before signing up. They are free to choose the route and the number of days they take to return the cash.
In this case, the detailed terms and conditions includes the following: “The appropriate Medicash Cashback rebate will be posted to Your Account as “Pending” within thirty-one (31) days of the date on which an Affiliate Merchant reports your transaction to medicash.in. For a period of thirty one (31) to one hundred twenty one (121) days thereafter, Your Account may still refer to the Medicash Cashback rebate as “Pending”. This time period is in accordance with the Affiliate Merchant's right to reverse a transaction for return or cancellation purposes. Once the Affiliate Merchant authorizes the payment of Medicash’s commission in connection with a qualifying purchase made by you, we will credit your account with the applicable Medicash Cashback, until then we make no guarantee to you.” This indicates that you should expect the payment to come to you in five months.
In case you do not inform the service provider about your inclination to Medicash discounts, the service provider has all the right to refuse you any discounts. It is like you declaring that you are a mediclaim holder when you visit hospitals for treatment. This might result in differentiated treatment.
Medicash requires you to periodically check its terms and conditions-they can be updated anytime and if you use the services after the update, it will automatically mean that you agreeing to the updates. So, if you use Medicash, make sure you check the terms and conditions regularly. Since the system is new, we do not know the frequency of changes and whether or not, you will be informed through mails. For store specific terms and conditions, you should visit their specific page each time you avail services.
The terms and conditions manual also states, “We are not responsible for changes to, or discontinuance of, any Affiliate Merchant, or any Affiliate Merchant's withdrawal from the Program, or for any effect on accrual of Medicash Cashback caused by such changes, discontinuance or withdrawal”.
All these are important concerns. If at all you want to use it, try it with small purchases initially. Since you have nothing to lose, you might want to make larger purchases also, but shouldn’t expect to get your discounts fast enough/upfront. Remember, discounts/cash redemptions remain notional till the time they reach your pocket.
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http://medicash.co.in/Fees-Structure.asp...#
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Fee & Structure
There are joining fees, annual fees and renewal fees applicable on the Medicash card. These fees may vary from Cardholder to Cardholder, and from offer to offer. These shall be as communicated to the Cardholder at the time of applying for the card. The joining as applicable will be directly charged to the customer at the time of issuance of Card, Post realization of joining fee card will be issued to the customer.
Annual fees, as applicable, are directly charged to the Cardholder account and the same would be displayed in the card statement of the month in which it is charged. There are separate fees for Additional Cards taken by the Primary Cardholder.
EMGPL retains the right to alter any charges or fees from time to time or to introduce any new charges or fees, as it may deem appropriate, with due intimation to cardholders.
In case of a cheque bounce, a charge of 2% of Cheque Amount (Min Rs. 350 & Max Rs 500) will be levied to customer account.
Fee & Structure
Silver Gold Privilege Platinum Royal
Card Price 499 1249 2499 3999 8999
Card Validity 3 Years* 3 Years* 3 Years* 3 Years* 3 Years*
About us | FAQs | Terms & Conditions | Grievances Redressal | Usage Agreements | Card Holder Agreements |
Fees Structure | Corporation Bank | Cancellation & Refund Policy
Disclaimer: Medicash card is not an Insurance product. The card offers subsidized services at network healthcare providers for medical and healthcare services. The Card member is obligated to pay directly for services availed using Medicash Card. All Network healthcare providers empanelled with EMGPL are providing concessional services for social cause only.
Thanks for your comment.
We have reviewed Medicash.in, which belongs to an organisation called Eze Get Online, based in Karnataka, while you have looked at Medicash.co.in, which belongs to E-Meditek (TPA) Services Ltd, based in Gurgaon.
These are two separate services and are not linked to each other in any way. Kindly note, we have reviewed medicash.in and not medicash.co.in.
Regards
MDT