Want Perfect Vision But Don’t Have the Money for LASIK Eye Surgery?
Eye care is expensive. You need lenses to correct your vision. Lenses are costly, and so are the frequent visits to the optometrist. There is a way out of this situation. You can opt for LASIK Eye Surgery which is an effective cure for your recurring vision problems. You can obtain perfect vision, but what about the cost of the surgery?
Does Insurance Cover LASIK Eye Surgery?
LASIK Eye surgery is an expensive treatment procedure. It can cost anywhere between 40,000 to 50,000 per eye depending on where you choose to approach for the operation. Almost all insurance providers do not cover LASIK Eye surgery as they consider it to be an elective treatment. Even if some insurance companies do so, they offer partial insurance. You will have to shell out the expense from your pocket.
Don’t Have Money? Here’s the Solution
There are many options to raise money for your medical issues like LASIK Eye Surgery. One of them is to apply for a Personal Loan.
Banks and NBFCs (Non-Banking Financial Companies) have various Personal Loan products. Usually, banks do not seek details about the end use of funds when they approve Personal Loans. All you need to furnish are the following.
- A source of regular income
- Proof of repaying capacity
- A good credit score (in the range of 700 and above)
It is easy to get a Personal Loan today. You can check out the various offers and submit an Online Personal Loan Application. The Personal Loan has the fastest turn-around time in the banking industry. Most of the banks approve personal loans within 72 hours.
Credit Cards are similar to Personal Loans. The eligibility criterion is not very different. If you are eligible for a Credit Card, you can also try out this option. The problem lies in repaying Credit Card dues. If you can repay Credit Card bills in one instalment on the due date, you should explore this option. It is because you can take advantage of the interest-free period. Specific banks offer an introductory period of 0% APR. You can repay your Credit Card dues within this particular period to avail the benefit of interest-free finance. You can claim partial insurance to clear your Credit Card bills. However, if you are not in a position to clear the bill quickly, the Credit Card is not a viable option because of the high rate of interest.
Specific banks like ICICI Bank and HDFC Bank have unique Medical Loan products where they offer loans for meeting immediate medical emergencies. Of course, your LASIK Eye Surgery is not a medical emergency, but these banks have provisions for financing LASIK Eye Surgery as well. These medical loans are nothing but Personal Loans. There is a difference in the sense that the lender ascertains the end use of funds. Otherwise, the eligibility criteria are the same.
Tie Up with Hospitals
Most of the top eye hospitals in India have tie-up arrangements with banks and NBFCs to finance expensive surgeries. You can try out this option. The approval procedure is faster and hassle-free. The lenders pay the medical bill directly to the hospital. Such arrangements cover the cost of pre-operation and post-operation care as well. Specific banks have products to take care of the cost of medicines. However, this arrangement is also a personal loan or a medical loan. Your income, repaying capacity, and credit scores play an essential role in the approval of such loans.
Most of the top employers in India have arrangements in place where they take care of the medical expenses of their staff members and their families. Contact your HR department and check out whether they cover LASIK Eye Surgery. It should be one of the most accessible options to search for if you are a salaried employee of a top company or institution.
Most of the insurance companies do not cover the cost of LASIK Eye surgery because of the elective nature of the treatment. Specific insurers cover the operation, but after a fixed waiting period. It is advisable to check your insurance policy document and ascertain whether you are eligible for claiming the expenses or not. If so, you can proceed with the insurance and go for the LASIK Eye surgery to obtain the perfect vision.
Dip into Your Savings
LASIK Eye Surgery is not an emergency procedure. You can save money and then go for the operation procedure. Your friends and family are always available for you to assist in an emergency. Opt for LASIK Eye Surgery and obtain 20-20 vision.
Also Read: 3 Most Sought After Personal Loans in India
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