Affordable medical insurance launched via Safaricom

VALUE ADDED SERVICES

|
Image: By BiztechAfrica
Affordable medical insurance launched via Safaricom

Safaricom limited, Britam and Changamka Micro-insurance have jointly launched an affordable micro-insurance health cover which will widen the bracket of the population with access to medical insurance. 

The health insurance product known as Linda Jamii is an affordable and comprehensive medical cover that will provide a family premium cover at an annual subscription of KES12, 000 for a cover valued at KES 290,000. 

The cover will cater for in and out patient, maternity, dental, optical, a hospitalisation income replacement benefit of Kshs.500 per day to take care of lost income while in hospital and in the case of death, funeral expenses. 

Linda Jamii has adopted a micro-saving model which will use M-PESA as the premium collection platform. Through M-PESA, one can pay premiums in installments and can access partial benefits after accumulating KES 6,000 in contributions. 

“Kenya has for a long time been accused of lacking a culture of adopting insurance. However we believe that the real reason that 97% of the population caters for their medical expenses out of pocket, is because of the cost of insurance premiums. Therefore, Linda Jamii is to medical insurance what M-PESA is to financial services. They both promote inclusion,” said Safaricom CEO Bob Collymore. 

Statistics indicate that only 3 percent of the Kenyan population has health insurance-mainly employer based policy- meaning about 38.8 million Kenyans have no health insurance.

“Linda Jamii has been tailor made to ease the medical burden particularly for people working in the informal sector. This product will enable them to access medical care in more than 600 hospitals countrywide and our goal is to grow that to 1000 by mid this year,” said Britam’s Group MD Benson Wairegi.

The idea of Linda Jamii was conceived by Changamka which recognized that many Kenyans were being locked out of the medical cover bracket by the cost of the medical packages on offer.

“The vast majority of the Kenyan population does not have a steady income. Subsequently, they cannot afford the premiums of existing medical covers which in essence leaves quality healthcare as the reserve of a privileged few. The introduction of Linda Jamii is therefore meant to fill this gap and shatter this medical cover glass ceiling thus allowing more Kenyans to access and enjoy better healthcare,” said Changamka CEO, Sam Agutu.

One can register for Linda Jamii in all Safaricom shops, Uchumi and Postbank outlets as well as select M-PESA agents countrywide. The policy covers persons from age 18-75 years at entry, children under 18 years are also covered through their parents.

 



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

Uber offers cashless payments in Accra through SMSGH

Uber, the innovative app that connects riders with drivers, has revealed to Biztechafrica that it has partnered with SMSGH to provide mobile payments to the Greater Accra Metropolitan Area (GAMA).  Read More

MTN drives insurance with IAS

MTN Business is set to empower insurance companies across Nigeria with an Insurance Automation Service (IAS). Read More

Integrated payment markets to fuel future growth

Congo registers strong demand momentum for international and cross-border money transfers, says TerraPay. Read More

Kirusa launches myGenie app, ad platform

Dr. Inderpal Mumick, Oluseyi Akinnibosun and Vishavjit Soni Kirusa, a global telecom and social media solutions provider, has launched myGenie app, a revolutionary free airtime App for prepaid Android users in Nigeria. Read More

Sterling Bank, AppZone’s CreditClub partner on unbanked customers

Sterling Bank Plc has signed up to AppZone’s CreditClub to leverage its agent network and banking technology platform to serve customers outside traditional branches. Read More

Africa offers potential for cashless payment

African countries share some of the world’s highest speeds of digital growth with people now constantly in pursuit of faster and more convenient ways of paying for goods and services. With the advances in technology, it is now possible to satisfy this demand at reasonable costs, delegates heard at ... Read More

Safaricom launches M-PESA bill manager service

Safaricom has launched a new service known as ‘Bill Manager’ that will enable customers to manage and pay bills via M-PESA all in a single transaction.   Read More

BankOne empowers 250 Microfinance Banks

One of Africa’s leading Information Technology platforms for micro finance banks, BankOne, has announced the signing up of its 250th client. Read More

Orange Money in France to allow money transfers to three African countries

Orange Money is available in Metropolitan France to enable Orange mobile subscribers in France to transfer money via their mobile to other Orange Money customers in Côte d'Ivoire, Mali and Senegal. Read More

Dar es Salaam gets Uber

Dar es Salaam has become the 475th city to join in Uber’s growing global network. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

First-ever Africa Barclays Accelerator programme concludesFirst-ever Africa Barclays Accelerator programme concludes

Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.

 

IN DEPTH

Ethical Hacking students can’t get a heck of a jobEthical Hacking students can’t get a heck of a job

Botswana ethical hacking students report that they are failing to break into the local job market. 

COMPANY NEWS

Sage Announces the Launch of Sage 50 Accounting in East and West Africa

Sage 50 Accounting Africa edition is a full business management solution for Small and Medium Businesses.