KWFT managing director Mwangi Githaiga. PHOTO | DIANA NGILA | NMG
AAR Insurance has tapped into Kenya Women Microfinance Bank
(KWFT) 800,000 customer-base through a partnership for a microinsurance
product Afyafit.
The Sh19,800 a year product will see a
family of six enjoy a Sh75,000 outpatient cover, Sh500,000 for
inpatient, maternity limit of Sh100,000 while the dental and optical
limit is set at Sh10,000 for each family member.
KWFT
managing director Mwangi Githaiga said the product aims to ease the
financial burden for a large number of their clientele who lack medical
cover in 45 counties.
“Out-of-pocket settlement of
medical bills has impoverished many families with some disposing of
their assets to pay medical bills,” he said.
To excite
uptake, the KWFT said it would fund premium payments up front with AAR
standing in as the scheme administrator where Bliss Healthcare, which
has 200 clinics countrywide, will provide healthcare services to the
AfyaFit clients.
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