Guaranty Trust Bank Plc has announced the launch of Beta Health, a
low-cost health financing product that offers instant access to health
insurance for every Nigerian. The first of its kind in Nigeria, Beta
Health provides coverage for basic and essential health services such
as; general consultations, treatment for malaria, Ante Natal care,
amongst others, for a subscription of N500 a month.
As at 2018, more than 90 percent of the Nigerian population are not
enrolled in any health insurance scheme, according to the country’s
Ministry of Health. This is because health insurance is either too
expensive or not very accessible to most people across the country. Beta
Health is a response to this pressing national need and the latest
offering in the long line of GTBank’s innovative products and services
aimed at adding value to people’s everyday lives. To subscribe to Beta
Health, all a customer has to do is simply dial *737*52*500*50# on their
mobile phones, and they will be signed up on the package within minutes.
People subscribed to Beta Health can walk into over 1,000 hospitals
nationwide and get attended to for select medical cases, at no
out-of-pocket cost. There are, on average, at least 5 healthcare centres
in every local government area under the Beta Health coverage, and the
plan also allows for subscription on behalf of a third-party; such as
relatives, domestic staff, contract workers and employees of small
businesses. This offers an efficient solution for access to basic
healthcare services for people in every part of the country and across
all works of life.
Commenting on the launch of Beta Health, the Managing Director and Chief
Executive Officer of Guaranty Trust Bank plc, Mr Segun Agbaje, said; “We
are delighted and proud to launch this healthcare initiative which we
believe will have a tremendous impact in people’s lives. Beta Health is
more than just a banking product, it reflects our passion for enriching
lives and commitment to expanding access to the essential services which
everyone needs to thrive.”
He further stated that, “For us at GTBank, this is just the start. We
will continue to build on Beta Health to provide greater access to more
robust and comprehensive healthcare plans that serve the pressing needs
and fit the lifestyle of our customers and people in the communities
where we operate.”
GTBank has consistently played a leading role in Africa’s banking
industry. The Bank is regarded by industry watchers as one of the best
run financial institutions across its subsidiary countries and serves as
a role model within the financial service industry due to its bias for
world-class corporate governance standards, excellent service quality
and innovation. The Bank is also going beyond the traditional
understanding of Corporate Social Responsibility as corporate
philanthropy by intervening in key economic sectors through non-profit
consumer-focused fairs and capacity building initiatives for small
businesses.