The Business Bytes
TBB BUREAU
MUMBAI, AUG 29, 2022
Realizing the financial burden in IVF treatment as a concern for aspiring parents, Bharat Serums and Vaccines (BSV) launched a program BSVwithU to support couples to realize their dream of parenthood. Under this initiative BSVwithU facilitates interest free loans and free counselling to aspiring parents considering IVF treatments. Their services are available across 100 centers in India.
As per Dr. Astha Chakravarthy of the Asha IVF & Fertility Center in Delhi, “This is an enormous support to aspiring parents”. She further mentions that, “Most medical insurance companies do not pay for IVF but some mediclaim / insurance companies give financial support of upto 1 lakh for fertility treatments. So whenever one is opting for medical insurance, they should choose a company which is covering fertility treatments as well. The treatment cost is also covered by some corporate companies for the benefit of their employees.”
Through its initiative BSV has facilitated 50 couples to avail interest-free loans and free counselling. BSVwithU supports aspiring parents on the awareness and counselling of IVF treatment. One IVF cycle in India starts at approximately Rs 1,00,000 lakh and on an average, a couple spends somewhere between Rs 2,00,000 to Rs 5,00,000 lakhs in this complete journey. A couple needs to prepare themselves mentally, physically, and financially for their IVF treatment.
In India around 27.5 million couples are suffering from infertility. Many don’t have enough knowledge to deal with it and not all can opt for infertility treatments. This is due to the lack of awareness and high treatment costs apart from other factors. But many people are now availing the financing facility and options being made available.
