Fast-expanding local medical aid insurance company, Wella Medical Aid Society (Wemas) has paid a cashback of K90,000 to one of its members Williams Banda, who is spokesperson for the Ministry of Finance and is also known in football circles as Super League of Malawi (Sulom) General Secretary.
Cashback is one of the unique products that have been introduced by Wemas, which is headquartered in Lilongwe.
The medical insurer pays back such the money to its members if any of its member has used less than 25 percent of their contributions within a year.
Banda, joined as a member of WEMAS on August 1, 2020.He received his cheque on Wednesday during a function which was held in Lilongwe.
“I feel very much honoured for Wemas to give me back this money which was part of my own contribution to my medical scheme.When I got a phone call from an official from Wemas, I was immediately worried, thinking that the call was meant to remind me that I have defaulted or jumped on my monthly contribution.But later ii turned out that the call was simply to inform me that I am eligible to be paid a cashback. This is so rare in Malawi,” said Banda.
Banda, therefore, urged all other Malawians to join Wemas and sample a variety of their products which he described as unique when compared to products of other medical aid companies plying their trade in Malawi.
He said most of the products being offered by Wemas are designed to suit the need of average income earners who are a majority of the country’s population.
On his part, Wemas Chief Executive Officer Macdonald Wella said the company was confident of breaking all market barriers existing in the medical insurance industry with their innovative products such as the payment of cashbacks to its clientele.
Wella told journalists that a similar cashback was also paid out to one of its clients in Blantyre on June 1, 2021.
He also revealed that the company has also entered into contracts with about 150 hospitals and pharmacies across the country.He said Wemas has also introduced biometric systems for all claims by its members which is unprecedented on the local market.
“I can assure you members of the media that we remain the only medical aid insurance company in Malawi which championed the use of biometric system.Our members just use a fingerprint without going through a tedious process of filling. No any company does this in as far as we now and we will continue brining similar other innovative products to make sure that we simplify and demystify medical aid in Malawi to all Malawians and all other members from different nationality,” said Wella.
Some of the insurance packages that Wemas is offering include corporate medical scheme, pensioners medical scheme, and family scheme.