Funding medical emergencies: Use credit cards and loans wisely, build fund
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar suggested keeping about ₹10 lakh for medical emergencies, especially with elderly family members, held partly in a savings account and partly in liquid funds. He cautioned that some fintech lenders ask for EMIs upfront and that hospitals may raise bills to offset subsidised interest.
More of Abhishek's views on debt and loans
The article reviews ways to pay for a medical emergency when insurance falls short or reimbursement takes time. It compares personal loans, credit cards, zero-interest medical loans from fintech lenders and gold loans, setting out their costs and drawbacks, and stresses building a dedicated medical corpus in advance.
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Funding medical emergencies: Use credit cards and loans wisely, build fund