Ddwaliro Care Qorus Innovation in Insurance Awards 2024 - Winner
UgandaCategory
Social, Sustainable & ResponsibleKeyword
Health insurance, Micro InsuranceBusiness Line
Health InsuranceDistribution Channel
Online / Direct
Innovation presentation
Our goal is to facilitate a hospitalization cover low-income households across all our 14 Operating Countries. We have worked with our partners to tailor-make a micro-health insurance product targeting customers who will be looking to enjoy the flexibility and affordability of premiums.
The product is available in 3 options.
1: Hospital Cash • The hospital cash product will pay a fixed amount of $35 per overnight stay in hospital up to a maximum of 30 days in a policy year. amount will be double in case of Intensive care treatment. Premium is $2 per month or $25 per year.
Product 2: Inpatient Only Product • The product offers excellent hospitalization and chronic benefits up to an annual limit of $2,300. • Maternity will be covered to a limit of $770 within the total inpatient benefit. • The product allows individuals to cover their families up toa maximum of six (6) dependents. • Premium is $5 per month or $53 per year.
Product 3: Inpatient Only Product • The product offers excellent an inpatient limit of $3,088 and outpatient limit of $231 within the total cover limit. • Maternity will be covered to a limit of $770 within the total inpatient benefit. • The product allows individuals to cover their families up to a maximum of six (6) dependents. • Premium is $10.8 per month or $118 per year.
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