Digitvant Microfinance Bank has launched an affordable health insurance package for its customers to drive financial inclusion, with access to over 500 hospitals
Kayode Oluwagboye, chairman, DigitVant MFB while speaking at the bank’s maiden Customers’ Open Day recently in Lagos, said the initiative aims to strengthen the bank’s bond with its clients and reduce financial burden.
Oluwagboye, represented by the Group Head of Corporate Communications and Branding, Petra Onyegbule, said there is much need for customers to be in good health in order to carry out their financial obligations.
“It is not when they need health services that they should start looking for money. Sometimes when you need it the most, money becomes elusive.”
The bank leveraged the launch to also reiterate its commitment to customer-driven services, noting that Digitvant’s approach goes beyond financial transactions.
“We are about humanity. We put empathy into our services. That is why we have called them together today to express ourselves and as a bank that has their interest in mind, we are committed to addressing every of their concerns.”
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Oloche Oche, representative of Trailblazers Insurance, a subsidiary of Digitvant, speaking on the insurance plan said,“There is nobody here that has not spent money today. But the question is, do you see how much you spend, and what is left in your bank account. If you fall sick, hospital bills can wipe out your savings. This plan ensures that even with N3,350 monthly, you and your family can access healthcare without financial stress.”
The new Health Maintenance Organisation (HMO) plan offers individual cover at N40,000 annually, payable in monthly installments of about N3,350 and a family package for four at N160,000. According to the bank, the scheme gives customers access to over 500 hospitals across Lagos and other locations, covering consultations, tests, treatment for common illnesses, and even surgeries.
On his side, Samuel Alade, Head of Business Development, Digitvant, highlighted the bank’s lending model tailored for small businesses.
According to him, Digitvant offers working capital loans, loan-backed investment products, and education loans at competitive rates.
“Our default rate is less than 0.5 percent because we know our customers and design loans to suit their capacity,” he said.
Florence Ogunyamoju, Managing Director of Digitvant Microfinance Bank described the Open Day as a milestone in deepening collaboration with clients. “We co-create with our customers. We want to hear what they want, then go back and design products that fill those gaps. Your happiness is our continuity,” she said.
Meanwhile customers commended the bank’s efforts, confirming that they have been doing well despite being new in the space.
