Hyderabad: Five years, several failed attempts and then a steep payment discount in 2020.
The rough trip has pushed Ritesh * and his wife to the verge of surrendering to their expectations to become parents.
Cut to May 2021 and the Hyderabad-based infertility center offers a solution: Flower loan for IVF procedures.
“We jumped on the occasion because we realized it could be our last,” Pune-based executive said.
The loan, from the RS two lakh from private financing companies channeled directly to the fertility center and Ritesh now has two years to clean the emis.
Limited to several until recently, infertility experts say that more and more people now take advantage of this loan – both for IVF and Surrogacy – which range from Rs 2 Lakh to Rs 15 Lakh and come up with the requirements for payment of six months to five years.
Reason: Some financial institutions enter the market coupled with better awareness.
“If not for the EMI option, we will never be able to go through the Surrogacy procedure, which costs Rs 15 Lakh.
I was financially drained from undergoing three or four IVF cycles,” Kishore said * a personal employee from Bengaluru.
Kishore has paid Rs 2.5 lakh in advance while the rest has been funded by Mumbai-based companies.
By facilitating monetary loads, such options also allow couples to utilize fertility care at an early age, say doctors.
“Previously, ordinary people waited until they were 40 years old or more to choose IVF or surrogacy because they were not financially stable until then.
These facilities have given them the opportunity to become faster parents,” said Dr.
Nayana Patel, a specialist IVF and medical director of the hospital will be and Anand Research Institute, Gujarat.
Metros separate, couples from small cities and cities also reach support now.
“During the pandemic last year we received an average of 60 to 70 a day’s call and most of them came from Tier 3 and 4 cities.
This talks about the volume of people who need help and guidance to understand how the whole process works but often doesn’t know about where to find information, “said Aditya Damani Founder of Credit Fair, a Fintech Based Startup Based Mumbai.
“In the last quarter, we have distributed almost Rs 1.5 Crore for the treatment of IVF and fertility,” he added.
Since the launch of the program BSVWithu in December 2020, Pharma Major Bharat Serums and Vaccines Limited have facilitated 50 couples to utilize flower-free loans and free counseling through this initiative, available at 100 centers in India.
Very focused on women’s health, the company has also launched financial support to its employees who need IVF or Art Care (Assisted Reproductive Technology) first in India.
“Because IVF is not directly borne by an insurance company in India, it becomes an obstacle for many people,” said Nilesh Kulkarni, Head of Human Resources, sharing how BSV also “facilitates dialogue between medical brotherhood, government and insurance institutions” for mens-stigmatizing infertility and support prospective partners on their way to become parents.
“This opportunity, especially in the midst of the Covid-19 crisis, has come as a gift for many people.
The pairs left to choose between fertility treatments and other expenses – either because of the loss of work or salary deductions – now have a choice.
Lost awareness is intended by the center -Come like our property, “said the owner of Dr.
Samit Sekhar and the Director of Kiran Infertility Center, Hyderabad.
(* The name has been changed to protect identity)