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Pennyful.in Introduces India's First and Only Free Healthcare Cashback Program - Medicash.in

Source : BUSINESS_WIRE
Last Updated: Thu, Apr 11, 2013 05:10 hrs

Bangalore, Karnataka, India:Namma Bengaluru-based India’s largest online cashback portal, Pennyful.in, allows users to shop through their website and earn real money cashback rebates. To address the persistent problem of health care expenditure, it has rolled out India’s first and only Free Healthcare Cashback Program - Medicash.in. Run jointly by Pennyful Online Pvt. Ltd. and MDA Healthcare India Pvt. Ltd, Medicash allows consumers to save on all their healthcare expenditure with associated healthcare partners across India through real money cashback or upfront discounts at their facilities.



After the success of Pennyful.com in the U.S., Indian customers can now enjoy the benefits of cashback shopping through Pennyful.in, wherein they can earn back some of the money they spend on shopping online. Unlike other rewards websites, customers can not only get discounts on products and services by using coupons found on Pennyful.in but also avail of cashback on every purchase at each of the stores on the site. Through Medicash.in, Pennyful.in now extends cashback and discounts to include healthcare services as well.

Presently, India’s healthcare infrastructure is not in pace with India’s economic growth making expenditure on health that much more expensive and financially tasking. India is a country of rising billions and in spite of fair growth in economy; the medical sector in India has to battle increase in both life threatening and lifestyle diseases of a population that is constantly burgeoning. The unique aspect of the Medicash.in program is that it is completely free for all customers and patients are not charged any subscription fee for membership. At present, it has over 50 partners across India, including the largest and most reputed institutions in the healthcare sector. The savings differs based on the healthcare partner. The profile of the healthcare partner will clearly state if the nature of the offer is a cashback rebate or an upfront discount. The cash reward is credited to the customer's Medicash.in account, and the customer may request payment when the minimum redeemable limit of Rs 150 is reached. The money will be wired to his/her bank account at no extra cost.

“We first launched Pennyful.com for the US market in January 2011 and today we work with 1500 e-commerce partners there. Pennyful.in came into being in November of the same year. Now we are providing discounts and cashback offers for medical products and services to address the financial grievances of a wide majority, enabling them to save even while they spend on crucial needs of healthcare. Membership is free on Medicash.in, where it pays to get healthy!” Ravitej Yadalam, Founder, Pennyful.in.

About Pennyful.in:

Pennyful was started in 2010 to empower you to make every penny count. They are located in India and the United States. They work with some of the biggest online companies in the US and India and have over 1500 online partners on www.pennyful.com and www.pennyful.in.

Pennyful.in has earned the trust of consumers and became India’s favorite Online Cashback portal. It rewards all online users with part of their purchase as Cashback every time they buy online through Pennyful.in. The Pennyful account acts as a virtual piggy bank we have all used in our childhood, but this time it is savings earned by buying online. Online shopping in India has seen a tremendous growth and Pennyful offers a shopping experience in all categories from air tickets, electronics, books, clothing and accessories, gifting, mobile recharge, to renting a taxi. Name your favourite online e-tailer and it will be there on Pennyful.in.

About MyDocAdvisor:

MDA is the only unbiased and credible platform available in India that helps you find and connect with the best doctors for any ailment at a click of a button. It allows people to make an informed choice by learning about reputed doctors and hospitals identified on the basis of several criteria ranging from experience & qualification to peer and patient feedback.

MDA has assisted various national and international patients and is available in 6 cities in India with a network of over 3000 doctors and hospitals.

Annexure:

Cashback & Upfront discountProcess:

Cashback Process:

Step 1 - Sign up for free on www.medicash.in

Step 2 - Identify a healthcare partner on our website and read through the terms and conditions of the cashback

Step 3 - Visit the healthcare partner and avail their services

Step 4 - Upon arrival at the healthcare partner or while booking an appointment showcase your proof of membership. If the healthcare partner is not notified in advance prior to your treatment then they have the right to refuse the cashaback/discount.

Step 5 - While settling your bill, you will pay the entire value of the bill (i.e no upfront discount on the bill) and ensure that the healthcare partner makes a note of your Medicash membership ID in their billing system.

Step 6 -Once the healthcare partner records the transaction in the billing system, you will receive an SMS confirmation or an email with the cashback that is due to you.

Step 7 -The cashback will arrive in your account anywhere between 10 to 45 days depending on the date of transaction and the partner concerned .

Step 8 -Once the amount is credited, you will choose to get the amount transferred into your bank account via an online transfer or a cheque.

Upfront Discount Process:

Step 1 - Sign up for free on www.medicash.in

Step 2 - Identify a healthcare partner on our website and read through the terms and conditions of the discount

Step 3 - Visit the healthcare partner and avail their services

Step 4 - Upon arrival at the healthcare partner or while booking an appointment showcase your proof of membership. If the healthcare partner is not notified in advance prior to your treatment then they have the right to refuse the discount.

Note - You can either carry a print out of your membership e-card or display it on your smart phone along with the SMS confirmation of your membership

Step 5 - While settling your bill, the merchant will provide an upfront discount on the bill. This discount will be reflective in your bill

Step 6 - You will not receive any additional cashback in your MediCash account if you have already received a discount upfront

Contact:
Shruti Tiwari, Value 360 Communications, +91 9591814141

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