Overview What is Anaya Post-Retirement Health Care Fund?
This is a product that enables retirees access good quality healthcare during retirement.
The major concern that fuelled the innovation of this product was the fact that upon retirement, getting a medical cover from insurance companies is a challenge for persons over 65years. There is strain in payment of medical bills and also many cases of premature death upon retirees not to mention the need for excellent healthcare upon retirement.
Registration and Governance of the Fund
The fund is established as a trust and separate legal entity from the founding company Enwealth Financial Services Limited
The fund is registered and regulated by the RBA and KRA.
Scheme assets are held by a custodian through a nominee account off the balance sheet of the founder assets as required by RBA.
The fund has a corporate trustee who is independent from Enwealth Financial Services Limited and watches over the operations of the scheme on behalf of members.
Structure of the Fund
There are four contribution classes to choose from:
Platinum-Inpatient – Limit of 5M.
Gold-Inpatient – Limit of 3M
Silver-Inpatient – Limit of 2M
Bronze-Inpatient – Limit of 0.5M
A member can also choose an outpatient limit of either Ksh. 200,000, Ksh. 150,000, Ksh. 100,000 or Ksh. 60,000.
Members can contribute either monthly, quarterly, semi-annually or annually. These funds are then invested and upon retirement, a premium is drawn annually, to cater for the medical expenses.
How do I join?
Member requests for a quotation depending on the class of contribution chosen. If satisfied with the quote, member joins by filling the application form and declares source of funds.
Member begins to contribute and his account is credited and funds invested.
Member receives annual statements reflecting the contributions and annual interest.
Benefits Enwealth Post-Retirement Health Care Fund Benefits
Attractive benefits, inpatient and outpatient cover.
Last expense insurance cover for dependants and principal member.
Members enjoy accured funds on retirement.
Flexible contribution classes-Platinum, Gold, Silver or Bronze.
Members enjoy high investment returns.
Contributors enjoy mortage facilities through guarantees.