M-TIBA and Solution Sacco have announced a partnership with Jubilee Health Insurance, which has birthed a product named Solution Afya Medical Scheme. According to a statement from this development, the product is a health insurance cover that will see more than 35K SACCO members, as well as community-based organizations, benefit from the medical scheme through an extensive network of service providers across the country.
Solution Afya Medical Scheme will allow its users to sign up and manage their health policies through M-TIBA’s mobile platform.
Furthermore, starts at a premium of KES 4,265 annually, and comes with an inbuilt maternity cover, last expense, and personal accident cover.
Solution Afya members will also access periodic medical check-ups, health and wellness programs, and training geared towards disease prevention in an effort to contribute to their socio-economic empowerment.
To note, most healthcare expenses are paid out-of-pocket in Kenya. This not only hinders access to quality care but also exposes households to poverty in cases of increased medical bills.
Financial constraints and lack of knowledge of insurance products are the biggest barriers to insurance uptake. The utilization of digital platforms is key in creating understanding and increasing insurance uptake.
“The pandemic resulted to a priority reset with most individuals focusing on their spending habits, health, and wellness. Despite the changing priorities, consumers across the world are under financial pressure because of the increased cost of living. Ensuring health insurance is affordable and accessible is a high priority for Jubilee Health. “Solution Afya medical scheme” will enable members to actualize their health priorities by giving them access to quality and affordable health cover,” says Jubilee Insurance Group Chief Executive Officer Dr. Julius Kipngetich.
MTIBA Managing Director Moses Kuria says, ”With the large digital shift in the recent past, it is only correct that we bring affordable insurance solutions closer to the fingertips of our customers. Accessing Solution Afya cover through the MTIBA platform will see members view the cover details, purchase, and track their insurance spending all through their mobile devices bringing convenience and affordable healthcare solutions closer to Kenyans. Continued collaborations between different healthcare players will ensure more people are granted access to effective, reliable, and very affordable insurance solutions across the board.”
“High premium cost has been one of the hindrances to insurance uptake in Kenya. Through this partnership with Jubilee Health and M-TIBA, we have set up a cover that meets the different health needs of our members. We are delighted to empower our SACCO members to access quality health cover without breaking their banks,” Mr. Marete noted. Jubilee Health and M-TIBA will also host educational sessions with the SACCO members to demystify insurance and to discuss the benefits of the health cover in a bid to champion socio-economic empowerment,” says Solution Sacco Chief Executive Officer Daniel Marete.