GTBank Launches Beta Health, Expands Access to Health Insurance for Low-Income Nigerians


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 all Nigerians. 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, among others, for a subscription of N500 per month.

As of 2018, more than 90 percent of the Nigerian population is not enrolled in any health insurance plan, according to the country's Ministry of Health. This is because health insurance is too expensive or inaccessible for most people across the country. Beta Health is an answer to this pressing national need and the latest offering in GTBank's long line of 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 registered in the package in a matter of minutes.

People enrolled in Beta Health can enter more than 1,000 hospitals nationwide and receive care for select medical cases, at no out-of-pocket cost. On average, there are at least 5 healthcare facilities in each area of ​​local government under Beta Health coverage, and the plan also allows subscription on behalf of a third party; such as family members, domestic staff, contract workers, and small business employees. This offers an efficient solution for access to basic health services for people in all parts of the country and in all the works of life.

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Commenting on the launch of Beta Health, the Managing Director and CEO of Guaranty Trust Bank plc, Mr. Secon Agbaje, said; “We are delighted and proud to launch this healthcare initiative that we believe will have a tremendous impact on people's lives. Beta Health is more than just a banking product, it reflects our passion for enriching lives and our commitment to expand access to the essential services everyone needs to prosper. "

He further stated that, “For us at GTBank, this is just the beginning. We will continue to develop Beta Health to provide greater access to more robust and comprehensive health care plans that meet pressing needs and adapt to the lifestyle of our clients and people in the communities where we operate. ”

GTBank has always played a leading role in the African banking industry. Industry watchers consider the Bank to be one of the best managed financial institutions in its subsidiary countries and serves as a role model within the financial services industry due to its bias towards world-class corporate governance standards, excellent quality of service and innovation. The Bank also goes beyond the traditional understanding of Corporate Social Responsibility as corporate philanthropy by intervening in key economic sectors through consumer-focused nonprofit fairs and capacity-building initiatives for small businesses.

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