Bengaluru-based online cashback portal, Pennyful.in, 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.
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.
Commenting on the launch, Ravitej Yadalam, Founder, Pennyful.in said,”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!”
[Source: Business Wire India]