No menu items!

    TymeBank Launches Medical Insurance for As Low as R139 Per Month



    TymeBank, one of the world’s fastest-growing digital banks, has partnered with National HealthCare GroupThrough the launch of TymeHealthAn app-based service that offers medical insurance starting at as low as $99, allowing you to get as much as $1000. R139 per month.

    According to statistics, only 8,9 million South Africans have access to a health insurance plan. However, due to the high cost of contributions, most people are unable afford to join a medical aid.

    Tauriq Keraan, TymeBank CEO says: “Our country has a population of just over 60-million people, and the dire reality is only one in seven South Africans have access to medical aid, and most people cannot afford private healthcare.  With TymeHealth, an initiative in collaboration with the National Healthcare Group, we are making it possible for more South Africans to have access to affordable, quality healthcare.”

    Dr Reinder Nauta (executive chairman of National HealthCare Group), a provider of choice for the low-income, emerging and middle-income segments of the healthcare industry, is in agreement. “Medical aid is simply too expensive for most working people, and generally, unless it is included as an employment benefit, is out of reach for the majority. Until such time as the private healthcare sector does its part to remove this very real hurdle, accessibility to private healthcare will remain but a pipedream for many individuals,” he says.

    TymeHealth offers medical insurance products. It has three plans. Each plan is designed to meet different needs and stages of life. These plans are available for those who are underinsured or looking for an additional product that can be used to supplement their existing hospital plan.

    “With the pooling of our shared knowledge to create TymeHealth, the National HealthCare Group and TymeBank have unlocked considerable potential in what has previously been unchartered territory,” comments Dr. Nauta.

    TymeBank customers who want to apply to TymeHealth must use the TymeBank App. This means that they need to sign up as customers. After that, they are prompted to choose which plan best suits them. Once the application is successful, membership is activated seamlessly through members’ mobile devices and they can then access over 12 000 registered healthcare providers, including GPs, pharmacies, dentists, optometrists, specialists and hospitals countrywide through the extensive National HealthCare Group provider network.,

    The service is ideal, particularly in times like these, as it gives members an affordable and effective way to connect to a health professional – literally from anywhere.

    “Few things can make more of a difference to a person’s comfort and quality of life than having the freedom to easily consult a healthcare professional when needed. This has never been more apparent than during the COVID-19 pandemic when healthcare needs have been at an all-time high,” asserts Dr Nauta.

    “Our partnership with National HealthCare Group – with their 27-year track record – into the healthcare space is one where we believe we can make a real difference to people’s lives. Radically bringing down the cost of medical insurance is an industry boon and is a natural evolution for our brand; we are committed to offering affordable, accessible and inclusive products – whether that is transactional banking, access to credit or healthcare – to South Africans across the economic spectrum,” concludes Keraan.

    Get latest news from African Startup ecosystem

    Latest stories

    You might also like...