Nairobi News


CIC Group unveils medical cover for cooperatives

The CIC Group has launched a medical cover aimed at reducing risk exposure through affordable, accessible medical insurance to its members.

The product, known as CoopCare, will include inpatient, outpatient, maternity, dental, optical and last expense covers. The beneficiaries will enjoy the option to purchase inpatient only or both inpatient and outpatient benefits.

The cover includes benefits of up to Sh300,000 (inpatient), Sh50,000 (outpatient), Sh25,000 (maternity), Sh7,500 for dental and optical and Sh50,000 for last expense.

Also read: KCB partners with BasiGo to finance Green PSV buses

CIC Group Chief Executive Officer Patrick Nyaga said that they look forward to seeing more cooperative members get access to quality healthcare services at a low cost.

“Having a medical cover is an essential part of financial protection, which is also aligned to cooperative goals which includes enhancing members’ socioeconomic health. With CoopCare, we hope to see more cooperative members get access to quality healthcare services at low costs. While access to healthcare is a right, sometimes it can lead to high accumulated costs which presents a financial burden. CoopCare has been built to ease this burden,” Mr Nyaga said.

Also read: President Ruto to open Sh800 million Wakulima Market along Kangundo road

The policy will allow members take up the product as a family package for up to six dependants or for a member only. Any family beyond the member and six dependants category will attract a minimal additional premium to cover the extra dependants. Premium rates range from Sh2,500 to Sh36,000 per year depending on the package.

The cover will cater for cooperative members and their affiliates with a minimum membership of 10 principal members with the maximum joining age being 70 years.

“Cooperatives are a huge enabler of financial inclusion and hold over 14 million members. Used as a tool for savings and investments, cooperatives not only increase financial access, but also provide a platform for communal growth,” said Fred Ruoro, Managing Director, General Insurance.

Also read: Kenyan climate activist named among world’s top 100 most influential people