M-KOPA and Turaco have insured over 1 million Kenyans with embedded Hospital Cash coverage as part of the “More Than a Phone” initiative, significantly improving access to financial security in healthcare. The program reports enhanced business confidence and reduced financial anxiety for customers, particularly women. Future expansions to additional markets are planned, starting with Ghana.
M-KOPA and Turaco have announced a significant achievement in health insurance, having provided Hospital Cash coverage to over 1 million Kenyans within a single year. This insurance is embedded within M-KOPA smartphones, presented as part of their “More Than a Phone” initiative which aims to strengthen financial security for individuals in Kenya. The integration allows everyday earners to access essential health coverage without any additional cost.
In conclusion, the partnership between M-KOPA and Turaco represents a transformative advancement in healthcare accessibility in Kenya. The provision of embedded insurance within smartphones not only offers financial security to low-income families but also promotes business growth and financial confidence among users. Future expansions into other markets signify the potential for broader impacts across Africa.
Original Source: techafricanews.com
