Safaricom-owned mobile health platform M-TIBA and Jubilee Health Insurance have announced a new partnership to provide health insurance to SMEs.
The insurance will be provided via Jubilee’s Group Micro Health cover launched in April 2021. The product is an affordable, tailor-made comprehensive cover designed for groups with a minimum of 10 principal members. It is designed with inbuilt last expense and maternity benefits and is eligible to registered Small & Medium Enterprises, groups, and organizations.
Since its launch, the Micro Health Cover has greatly benefited over 45 SMEs across Nairobi, Kisumu, Meru and the Mt. Kenya regions.
The quick uptake has been made easier through the M-TIBA platform where users can conveniently view their health covers and track their insurance spend via their mobile phones.
“I am very proud to see the strides this partnership has made in just 11 months. Together with our partners Jubilee Health Insurance, we have been able to provide affordable insurance services to over 45 SME’s and Sacco’s across the country. From this, we can see the increased interest in this product which blends well with our mission to positively impact more Kenyans”. M-TIBA Managing Director, Mr. Moses Kuria said.
The partnership has seen both M-TIBA and Jubilee Health insurance work closely with over 600 insurance providers with a goal of achieving steady growth across the country with an overall goal of providing affordable insurance solutions to Kenyan SME’s.
“This is a very proud moment for us as Jubilee Health Insurance. Our partnership with M-TIBA has aided our Micro Health product surpass our expectations in terms of uptake. It’s very satisfying to see more SME’s & SACCOs invest in health insurance measures which has largely been driven by affordability and overall improved healthcare services across board. We shall continue to work with more healthcare providers to ensure that we have the capacity to offer more tailor-made services to our customers,” Said Dr. Patrick Gatonga, Senior Executive at Jubilee Health Insurance.
M-TIBA is a health financing and technology platform that connects the most important stakeholders to improve healthcare access and affordability. The digitization of these processes is driving an increase in access and a decrease in operational costs. M-TIBA gives scheme administrators a detailed view of how healthcare is being utilized and paid, thereby informing better decision making on health investments, epidemic responses, and quality of care.