BimaAFYA is a mobile micro-health insurance product being developed in partnership with digital integration company EdgePoint, targeting the economically disadvantaged. The platform allows the user to register a policy with affordable cover, make payment for the premium via mobile money and access the bimaAFYA benefit wallet via a mobile device.

How they’re disrupting

The venture is providing a completely paperless insurance service which can be accessed on any device connected to the internet. They have designed monthly, tri-monthly, quarterly and yearly packs to enable the average Tanzanian to pick an affordable policy that falls within their income at that particular time, to alleviate the issue of dynamic incomes.

Disruption potential

88% of the Tanzanian population have no form of health insurance, with similar statistics across developing Africa.

Investments and future

BimaAFYA was chosen to be a part of the 2016 Startupbootcamp Insurtech Accelerator, receiving €15k investment and €500k in partner services. Digital integration partner Edgepoint are hoping to finalise similar strategic partnerships in Ghana, Nigeria, Malawi, Congo and other African countries.