This article will list the top Medical Insurance Companies in Kenya providing health insurance to millions of Kenyans. No one ever dreams of getting sick or getting a family member or a friend sick.
However, it is essential to mitigate medical costs in case sickness knocks on your door. Therefore, one needs to know about the top medical insurance companies in Kenya.
To help mitigate these medical costs incurred in a medical emergency, insurance is needed. Therefore, it is essential to discuss Kenya’s best medical insurance companies.
List of Medical Insurance Companies in Kenya
1. First Assurance Company Limited
This company is among the best medical insurance companies in Kenya. First Assurance Company Ltd came into existence after the exit of Prudential Assurance Ltd. The company’s mantra is ‘insure, secure and assure.’
To show how efficient this company was in 2018, it was recognized by the 27th International Europe Award for Quality.
Under its medical insurance cover, it offers a wide variety of products with different cost values. These medical cover values are between Kes.200,000 to Kes. 2500,000.
2. G.A. Insurance Ltd
GA insurance offers its services in both Kenya and Tanzania. This company has been in the Kenyan market for over 50 years.
Additionally, apart from offering medical insurance covers, the company also underwrites other risk classes. Some of the products offered under its medical insurance cover include:
- Surgicare – shoulders the financial burden of surgical expenses related to heart, cancer, vascular, orthopedic, and Kes. 20M.
- G.A. assist – Covers medical evacuation emergencies
3. AAR Insurance Africa
AAR insurance Africa has a presence in three East African countries. These are Kenya, Uganda, and Tanzania.
The company has products under the family and personal medical cover for peace of mind. It’s worth noting that this insurance company is primarily for health insurance.
Furthermore, it has its health centers or hospitals, which its subscribers could opt to visit for treatment.
Therefore making it one of the best medical insurance companies in Kenya. Some of the products offered under this cover include:
- Individual and Family medical plans
- Business Enterprise medical plan
- Doctor’s indemnity cover
4. Heritage Insurance Company
Heritage Insurance provides short-term insurance covers. Its unique client offerings and outstanding claims settlement have gunned customer confidence over the years.
Under its medical insurance cover offers various products such as Heritage Flexi, blue cover, blue core, blue lite, and blue classic. These product offerings have different specifications to meet diverse customer needs.
5. Allianz Insurance Company Ltd
Allianz Kenya is part of the Allianz Group, a worldwide leader in insurance and Asset Management.
The company has a presence in more than 70 countries worldwide, making it one of Kenya’s best medical insurance companies.
Due to its extensive global footprints, Allianz Kenya has unrivaled Knowledge and expertise in underwriting all risk classes.
The other unique thing about its cover is that you can buy its medical cover online from its website. Its medical cover is significantly diversified as it has the following services:
- Inpatient and outpatient cover
- Maternity costs
- Dental cover
- Optical treatment
- Emergency assistance
6. APA insurance
APA insurance is a merger of Apollo Insurance company and Pan Africa General Insurance. This company is one of a kind as it targets both long-term and short-term insurance. Under its medical insurance cover, it has three main products:
- Health corporate – for companies with more than ten people
- Femina – Covers women’s needs
- Jamii plus and Afya Nafuu – For families and individuals
British-American Insurance Company (Britam) is part of the British-American Investments Company Limited. The company is listed on the Nairobi Securities Exchange (NSE).
This company is the leading provider of the best medical insurance covers in Kenya today. The company has a variety of products under its medical insurance cover all over Kenya.
8. CIC Group
CIC Group offers flexible and innovative insurance products to Kenyans for over three decades now.
Like Britam, the CIC Group has been listed on the Nairobi Stock Exchange Market, reporting a 62% annual growth.
The company has a wide range of other products away from offering health insurance covers. Such products include; general insurance, life assurance, asset management, and CIC pension.
Additionally, Under the health insurance cover, the company has three major subdivisions:
- CIC medisure corporate
- The CIC medisure family
- CIC Medipak insurance
9. Kenindia Assurance Company Limited
Kenindia Insurance resulted from a merger of various Indian insurance companies in 1978. Under Kenindia Medical cover, there are three major products. Such are explained below:
- Health save plan
- Corporate health plan
- Individual/Family plan
10. Kenyan Alliance Insurance Company Ltd
The Kenya Alliance Insurance Company has been present in the Kenyan market for more than one century but was incorporated into its current identity in 1980.
Kenyan Alliance Insurance has evolved into one of Kenya’s most financially sound composite insurance companies.
Moreover, the company has a regional presence in Mombasa, Nakuru, Kisumu, Karatina, Meru, Thika, Machakos, Kitui, Westlands, Kitengela, Industrial Area, and Kakamega.
The health insurance cover for Kenyan Alliance insurance has three significant plans: a corporate health plan, SME plan, and family package plan.
11. Madison Insurance
This is a Kenyan insurance company that has been in operation since 1988. Madison Insurance Company provides comprehensive life and health insurance covers to its clients. It is privately owned as a limited company.
Its Medical cover is known as alpha health and is subdivided into individual, family, and budget plans. Madison insurance has a specific medical cover for private school support staff known as KPSA.
12. Jubilee Insurance
Jubilee Insurance is one of the leading insurance companies in Kenya, offering Medical insurance in Kenya.
The company has a presence in Kenya, Uganda, Tanzania, and Rwanda. The health insurance coverage provided by Jubilee covers people regionally.
Other benefits include the Jubilee mobile phone app and other add-on services to its members.
As of today, Jubilee has the best medical insurance cover.
Types of Health insurance Plans in Kenya
- Inpatient cover
- Outpatient cover
- Low-cost covers
- Maternity cover
- Medium and high-cost covers
Common Vocabulary in Medical Insurance Companies in Kenya
Outpatient Coverage: Insurance coverage for a person (patient) who receives health care services (like surgery) on an outpatient basis, which means they do not spend the night in a hospital or inpatient facility.
Inpatient Coverage: For a service to be termed inpatient, you must be formally admitted into a hospital for a stay.
Insurance coverage: is the amount of risk or responsibility covered by insurance services for an individual or organization.
Beneficiary: In life insurance, the beneficiary is the person or entity entitled to the claim amount and other benefits following the death of the donor or the policy’s maturity.
Insurance policy: a document outlining the terms and conditions of an insurance contract.
A monthly cost: paid to an insurance company or health plan to provide health care is a health insurance premium.
Indemnity plans: allow you to handle your health care and visit virtually any doctor or hospital you like. The insurance provider then pays a certain percentage of your overall expenditures. Indemnity policies are often known as “fee-for-service” policies.
A health insurance waiver is a document that, when signed, allows you to opt-out of a health insurance plan that has been given to you by making a formal request.