SBI Card, one of the country’s leading credit card issuers, has partnered with the Indian Medical Association (IMA) to launch the ‘Doctor’s SBI Card’, a credit card meant exclusively for doctors.

The credit card offers an indemnity insurance cover of Rs 10 lakh to protect doctors against professional risks and liabilities of unforeseen events such as claims from patients or related parties. This will also include legal and defence costs as well as out-of-court settlements and court awards.

The new credit card aims to offer maximum value for doctors through accelerated rewards on spend categories such as medical supplies, travel and international spends.

Launched on the Visa Signature platform, cardholders can also choose to avail EMI facility, either at the point of purchase or by converting unpaid balances to EMIs at attractive interest rates.

“Based on research and insights into the unique lifestyles and requirements of doctors, the Doctor’s SBI Card integrates industry first features such as professional indemnity insurance cover and accelerated rewards on medical supplies purchase for the benefit of doctors running private clinics,”said Hardayal Prasad, MD and CEO, SBI Card.

Prasad added that the ‘Doctor’s SBI Card’ offers the strongest value proposition for this consumer segment and that the company looks forward to a successful association with IMA.

Dr Ravi Wankhedkar, IMA National President, said, “Our members are doing a wonderful service for the community and we wanted to bring them something special in today’s era of plastic money. Thus, we have partnered with SBI Card to launch an exclusive credit card which will bring great value to our members.’’

Each card will be personalized with ‘Dr’ embossed on the card front against the name of the cardholder, together with qualification degrees.

SBI Card is incorporated as SBI Cards & Payments Services Pvt Ltd.