Number of clients served:
October 2014: clients
Kenya Women Finance Trust (KWFT) Microinsurance
Kenya Women Finance Trust (KWFT) Microinsurance
For-profit
Year launched: 1981Existing or expanding (post-pilot)
Target Population
Health focus
- Maternal, newborn and child health
Summary
The KWFT health microinsurance scheme is underwritten by CIC and NHIP. The voluntary, individual policy is available to all KWFT members. It is the largest regulated women only serving institution in Africa and the leading deposit taking microfinance institution in Kenya with 67.2% market share.Program goals
The institution targets low income women as an entry and contact point to their families with the objective of alleviating poverty through provision of innovative savings and credit products tailored to meet customer needs.
Key program components
The health insurance policy covers the entire family, and the benefits include all inpatient costs, including maternity.
The insured must go to appointed hospitals or clinics to receive health services.
The premium is US$39 (KSH 3,600) per year (as of 2010). CIC is heavily involved in marketing and provides education on insurance. CIC also sells this products through mutuals.
Scale
Financials
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