Resolution eyes informal sector, engages banks

Resolution Insurance Tanzania is engaging several banks on how to extend health insurance to the informal sector.

The plan, if successful, will enable entrepreneurs in the informal sector who are covered through the banking system to be covered by health insurance and make payments through the banks. 

The company’s Country Manager Oscar Osir told the ‘Daily News’ in an interview in Dar es Salaam that his company sees a lot of opportunities in the health insurance market in Tanzania and East Africa region as a whole.

“Our aim is to engage financial institutions in providing health insurance cover for entrepreneurs in the informal sector,” Mr Osir said. 

He noted, however, that there is a need for massive public awareness on health insurance, which is yet to be appreciated by the majority of Tanzanians, particularly those who are not formally employed.

“I congratulate NHIF (National Health Insurance Fund) for doing a great job of extending medical insurance to the people and also providing education on the new aspect of insurance,” the insurance firm boss said. 

He was of a view that awareness on the insurance cover would go a long way to change people’s perceptions that medical insurance is only for those employed in the formal sector.

“What is less known is that one can access medical insurance even if he/she is in the informal sector. Health insurance helps beneficiaries to save medical costs and also gives peace of mind as one is assured of getting treatment,” Mr Osir noted.

He added : “It is high time that health facilities improved their services so that the public can have more trust on them.” 

Mr Osir, however, noted that ever increasing costs for treatment and medicines were among major challenges facing the future of medical insurance.

On the other hand, he called on members of the public to always ensure that they undergo regular medical check-ups so that they can detect diseases at early stages. 

Resolution Insurance started its operations in Tanzania in 2009 as an intermediary before becoming a fully-fledged insurance company specializing mostly on medical insurance in 2011.

The company has operations in all the five member states of the East African Community (EAC) where it covers some 60,000 people. In Tanzania it has 6,000 clients.
Source: Daily News, reported by Alvar Mwakyusa from Dar es Salaam, Tanzania

 
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