Doctor’s IMA SBI Card – Benefits, Fees & Eligibility

Introduction

With exclusive benefits for doctors, the Doctor’s IMA SBI Card is the only credit card associated with the esteemed Indian Medical Association (IMA), the largest representative voluntary organisation of Doctors of Modern Scientific System of Medicine. This card is meticulously designed to complement the rigorous lifestyle of doctors, offering advantages on travel, insurance, international, and medical expenditures. It provides multiple reward points on expenses related to medical supplies or overseas spending, coupled with significant milestone benefits and lounge access to enhance a doctor's professional and personal life.

Welcome Benefits

• Welcome e-Gift Voucher worth Rs. 1,500 from Yatra.com.
• The e-Voucher details will be sent via SMS/e-mail to your registered mobile number/e-mail ID within 15 days of membership fee payment.
• The e-Voucher can be redeemed online at the time of purchase.

Fees

• Joining Fee (one-time): Rs. 1,499 + Taxes/GST.
• Renewal Fee (per annum): Rs. 1,499 + Taxes/GST.
• Spend-Based Waiver: Renewal Fee is reversed on achieving annual spends of Rs. 2 Lakhs.
• Rewards Redemption Fee: Rs. 99 + applicable taxes.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates: 3.5% per month or 42% per year.
• Fuel Surcharge:
  • 1% Fuel Surcharge Waiver at petrol pumps across the country.
  • Applicable on fuel purchases worth Rs. 500 to Rs. 4,000.
  • Maximum surcharge waiver of Rs. 250 per statement cycle, per credit card account.
• Cash Advance Charges: 2.5% of the transaction amount or Rs. 500, whichever is lower.

Rewards

Reward Points Earning

• Get 5X Reward Points on Medical Supplies, Travel Bookings, and International Spends.
• Get 5X Reward Points on all spends on Doctor's Day (July 1st).
• Earn 1 Reward Point per Rs. 100 for all other spends.
• Cumulative 5X Reward Points accrued per Rs. 100 spent on Medical Supplies and Travel Booking Spends, and Cumulative 5X Reward Points accrued per Rs. 100 spent on International Spends, each will have a maximum cap of 7,500 Reward Points per month. After this cap limit is achieved, 1 Reward Point for every Rs. 100 spent, as per the card policy, will continue to accrue.

Milestone Benefits

• E-Gift Voucher from Yatra.com/Bata/Shoppers Stop worth Rs. 5,000 on achieving annual spends of Rs. 5 Lakhs.
  • An SMS will be sent to your registered mobile number to choose the e-Gift Voucher option within 30 days of achieving spends of Rs. 5 Lakhs.
  • The e-Gift Voucher will be sent to your registered mobile number/e-mail ID within 30 days of the request.
• Renewal Fee Reversal on annual spends of Rs. 2 Lakhs.

Lounge Access

• International Lounge Program:
  • Complimentary membership to the Priority Pass Program worth $99.
  • 4 complimentary visits per year to International Airport Lounges outside India (maximum 2 visits per quarter).
  • Access to 1000+ Airport Lounges worldwide.
  • Usage fee up to $27 + applicable taxes will be charged on your Doctor's SBI Card after you have exhausted your complimentary visits.
  • This benefit is valid only for the Primary Cardholders.
• Domestic Lounge Program:
  • 8 complimentary visits per year to Domestic Airport Lounges in India (maximum 2 visits per quarter).

Insurance

• Avail Professional Indemnity Insurance Cover of Rs. 20 Lakhs.
• Reimburses all Legal & defense costs, out-of-court settlement expenses, and court awards.
• 0% of Sum Insured would be deductible.

Other Privileges

• Exclusive association with the esteemed Indian Medical Association (IMA).
• Movie & Dining: Not Applicable.
• Golf: Not Applicable.

Rewards Redemption Guide

• Each Reward Point is valued at Rs. 0.25 (equivalent to 4 Reward Points = Rs. 1).
• You can pay your card outstanding with your accumulated Reward Points.
• You can also redeem your Reward Points against a host of options from the Reward Catalogue.

Card Eligibility Criteria

• The minimum age of the applicant should be 21 years.
• The maximum age of the applicant should be 65 years.
• Applicant should be a self-practicing or a practicing salaried doctor for 3 years.
• The minimum annual income of the applicant should be Rs. 1,50,000.

Documents Required

• Proof of Identity: PAN Card, Aadhar Card (Form 16 in case one doesn’t have a PAN Card), Voter ID Card, Driving License.
• Proof of Address: Aadhar Card, Voter ID Card, Driving License, Passport, Utility Bills.
• Proof of Income: Salary slips of the previous three months (in case of salaried doctor) or Bank Statement of the previous six months. ITR or Form 16 can also be submitted.
• Registration certificates from the State Medical Council or the Medical Council of India or self-attested copies of medical degrees.

Card Review

The Doctor’s IMA SBI Card is an excellent choice specifically designed for doctors and other healthcare professionals. It provides a comprehensive package of benefits, including multiple reward points for medical supplies, travel, and international spending, alongside exclusive and vital insurance coverage. The card offers significant milestone benefits, such as renewal fee reversal and e-gift vouchers, making it particularly rewarding for high spenders. A unique feature allows for card personalization by engraving the cardholder’s name on it. The Professional Indemnity Insurance cover of Rs. 20 Lakhs is a crucial benefit, safeguarding doctors against potential claims from patients and covering associated legal and defense costs. Overall, this credit card effectively assists healthcare professionals financially by optimizing their daily expenditures and providing peace of mind through its robust insurance offering.

Important Product Details

• Exclusive association with the Indian Medical Association (IMA).
• Welcome e-Gift Voucher worth Rs. 1,500 from Yatra.com.
• Earn 5X Reward Points on Medical Supplies, Travel Bookings, and International Spends, with a monthly cap of 7,500 points for each category (Medical & Travel, and International).
• Earn 5X Reward Points on Doctor's Day (July 1st).
• Earn 1 Reward Point per Rs. 100 on all other spends.
• Renewal Fee Reversal on annual spends of Rs. 2 Lakhs.
• E-Gift Voucher from Yatra.com/Bata/Shoppers Stop worth Rs. 5,000 on achieving annual spends of Rs. 5 Lakhs.
• Complimentary Priority Pass Program membership worth $99.
• 4 complimentary visits per year to International Airport Lounges (max 2 per quarter) for primary cardholders. Additional visits charged at $27 + taxes.
• 8 complimentary visits per year to Domestic Airport Lounges (max 2 per quarter).
• Professional Indemnity Insurance Cover of Rs. 20 Lakhs, covering legal/defense costs, out-of-court settlements, and court awards.
• 1% Fuel Surcharge Waiver on transactions between Rs. 500-4,000, capped at Rs. 250 per statement cycle.
• Visa Privileges: (Note: Listed offers were valid till 31 Dec ‘18)
  • Exclusive benefits across 900 luxury hotels worldwide.
  • Up to 35% off on Avis Car Rentals.
  • 15% off on Limo Luxury Airport Transfer service.
  • Savings of up to 10% on Hertz Car Rental Program.
  • Exclusive 20% Discount on Airport Fastrack Immigration at over 450 destinations worldwide.
• Contactless payment advantage for fast, easy, and secure daily purchases (Visa payWave enabled).
• Global acceptance at over 24 million outlets worldwide, including 3,25,000 outlets in India.
• Emergency card replacement service available globally with 24x7 helpline.
• Option for Add-on cards for family members (parents, spouse, children or siblings above 18 years of age).
• Worldwide cash access from over 1 million Visa or MasterCard ATMs.
• Enhanced security with chip and PIN enabled Doctor's SBI Card.
• Easy Bill Pay facility for electricity, telephone, mobile, and other utility bills.
• Flexipay option to convert transactions of Rs. 2,500 or more into easy monthly installments (must log in to sbicard.com within 30 days of purchase).
• Balance Transfer on EMI facility to transfer outstanding balances from other bank credit cards at a lower interest rate, payable in EMIs.
• Annual Fee (one-time): Rs. 1,499 + Taxes/GST.
• Renewal Fee (per annum): Rs. 1,499 + Taxes/GST.
• Rewards Redemption Fee: Rs. 99 + applicable taxes.
• Foreign Currency Markup: 3.5%.
• Interest Rates: 3.5% per month (42% per annum).
• Cash Advance Charges: 2.5% of transaction amount or Rs. 500, whichever is lower.

Other Details

• To receive your Priority Pass, call customer helpline numbers: 1860 180 1290 or 39020202 (prefix Local STD code).
• For emergency card replacement in India, call 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• All taxes would be charged as applicable on all Fees, Interest & Charges.
• The value proposition of this co-brand product may be funded jointly by SBI Card and the co-brand partner, with potential fee and revenue sharing between the two parties.
• Cheques payable outside clearing zones are not accepted; payment is accepted through local cheques or drafts payable in Delhi only.
• The card can be personalized by engraving the cardholder’s name on it.