Saturday, April 10, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

RBM to boost medical insurance uptake

by Grace Phiri
06/12/2017
in Business News, Front Page
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

 

 

RelatedHeadlines

Malawi Airlines faces liquidation

SME order faces stern test

Traders cry foul over land border closures

The Reserve Bank of Malawi (RBM) plans to increase medical insurance penetration and ensure that service providers are regulated through the proposed Medical Aid Bill.

RBM director of pension and insurance supervision, Chimwemwe Kachingwe, in an interview last week said the registrar of financial institutions hopes to increase penetration for medical insurance scheme business through the proposed Medical Aid Bill.

She said if properly regulated, medical insurance schemes can improve the delivery of their services and increase consumer confidence and uptake of medical insurance.

MWAIWATHU | The Nation Online
Lack of medical insurance scheme prevents some people from accessing health care service in hospitals such as this one

Said Kachingwe: “As part of the bigger financial inclusion strategy, we have embarked on the development of the regulatory framework for inclusive insurance. We believe that the framework will create an enabling environment for existing and new inclusive insurance providers to reach out to the vast uninsured market.

“The registrar is looking at increasing insurance penetration for medical aid business. In this regard, the draft Medical Aid Bill was submitted to the Ministry of Finance, Economic Planning and Development.”

According to the central bank, the Bill has been developed alongside the regulatory framework for inclusive insurance to improve insurance penetration, which stands at paltry 1.4 percent.

But Medical Council of Malawi board chairperson Professor John Chisi said while increasing insurance penetration in the health sector is vital, developing and promoting line policies is also key to the success of the proposed Medical Aid Bill.

He said: “It is unfortunate that we do not have many people who can afford insurance in Malawi because of issues of employment. So, whenever they create these bills, they should also think of what would be the income of these people, so, it should go hand in hand with creating jobs so that people have liquidity and can go to these health facilities and pay for their insurance.

“At the moment, few people can access [medical insurance schemes] because of lack of sustainable income and employment.”

In an interview, Sydney Chikoti, chief executive officer of Medical Aid Society of Malawi (Masm), one of the country’s medical insurance service providers, said the regulation will help bring sanity in the industry.

Available statistics show that only three percent out of the 40 percent of health services provided by the private actors are purely commercial with the Christian Health Association of Malawi (Cham) providing 37 percent of the country’s healthcare.

Earlier, government hinted on introducing medical insurance scheme for civil servants, but that plan is yet to materialise. n

 

 

Avatar
Grace Phiri
Previous Post

Nchalo inch closer to Super League promotion

Next Post

Cotton growers seek govt intervention

Related Posts

Malawi Airlines is yet to post a profit since it took to the skies
National News

Malawi Airlines faces liquidation

April 10, 2021
SME | The Nation Online
National News

SME order faces stern test

April 9, 2021
Tchukambiri: We are losing out
Business News

Traders cry foul over land border closures

April 9, 2021
Next Post
Cotton sector players appreciate Bt cotton

Cotton growers seek govt intervention

Opinions and Columns

Waiting for Godot

After hypocrisy MCP, UTM will part ways

April 10, 2021
My Diary

Speaking for muted voices

April 10, 2021
Bottom Up

Where is Beautify Malawi Trust?

April 10, 2021
Off the Shelf

Fight together, win together

April 10, 2021
https://www.mwnation.com/wp-content/uploads/2021/03/WFP-Afikepo-1-2.pdf https://www.mwnation.com/wp-content/uploads/2021/03/WFP-Afikepo-1-2.pdf https://www.mwnation.com/wp-content/uploads/2021/03/WFP-Afikepo-1-2.pdf

Trending Stories

  • Malawi Airlines is yet to post a profit since it took to the skies

    Malawi Airlines faces liquidation

    0 shares
    Share 0 Tweet 0
  • MHC houses risk demolition

    0 shares
    Share 0 Tweet 0
  • Shareholders, Airtel tussle in court

    0 shares
    Share 0 Tweet 0
  • MLS wants APM, Muhara property seized

    0 shares
    Share 0 Tweet 0
  • IMF cancels K9bn debt

    0 shares
    Share 0 Tweet 0
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.