AAR Insurance Kenya has launched ShwAARi medical health cover that offers a range of customisable options, catering to the diverse needs and budgets of individuals and families.
AAR Insurance Group CEO Dr Patrick Gatonga, said: “Our new product, ShwAARi, offers an innovative single-limit option; it is transparent and affordable. AAR Insurance has considered the changing needs of its clients and intermediaries and responded with a product that simplifies the complex world of medical insurance.
“We appreciate our partners, the Insurance Regulatory Authority, Equity Bank, KCB, Kenya Women in Insurance, SNBX, M-tiba and our intermediaries. These key partners have helped us in research and product testing, continuously challenging us to create inclusive products by sharing feedback.”
Gatonga says ShwAARi allows clients to tailor their coverage to their unique requirements. For instance, clients can choose how to utilise their health cover: whether they need outpatient care or inpatient attention.
Additionally, ShwAARi offers premium payment flexibility, where clients can enjoy the freedom to pay their premium monthly or annually.
Pieter Prickaerts, Managing Director at M-Tiba, said: “We are proud of our association with AAR Insurance, which aligns with our mission of facilitating quality and affordable healthcare for our people. ShwAARi has simplified the complex; M-tiba will be the technology partner as we empower our people to take charge of their healthcare needs.”
Health cover uptake is highest among Kenyans aged 50 and above, highlighting the old age-related disease burden on households in the country. With most Kenyans caring for their aged parents, this product ensures that people do not end up in bankruptcy and debt because of health bills while caring for their loved ones.
Some of the key highlights of the product include: one week waiting period and no age limit. Sustainability is embedded in the ShwAAARi product, with AAR Insurance pledging to plant a tree for every insurance policy covered as a tangible commitment to mitigate the environmental impacts of their operations, thus contributing to a more sustainable ecosystem.
Dr. Aggrey Mulumbi, Managing Director and Principal Officer KCB Bancassurance Intermediary Limited said: “The sustainability aspect of the product is important, and I would like to congratulate AAR Insurance for that while challenging other insurance partners to embed sustainability in their products.”
Jane Njeru, Principal Officer, Equity Bancassurance Intermediary Limited, said: “We have already tested this product, and the numbers don’t lie; this product will make a difference and create relevance through affordability, accessibility and flexibility.”
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