When Annabelle opened her salon business, she was over the moon. She had a steady stream of customers, even on weekdays with clients ranging from kids to adults. The women in her estate loved how much they took care of them and her affordable prices. Annabelle’s business was doing so well that she considered opening a second salon in the nearby town. Everything was ready. She secured funding, got a great location, and started scouting for other stylists when one day, she suddenly fainted while shopping for décor. She was rushed to the hospital, and the doctors found that her pre-existing condition had worsened.
She tried to seek treatment, but every treatment was too expensive. She and her family tried crowdfunding, but it was taking too long, and she needed to see a specialist sooner rather than later. They had to halt starting the second salon because they had to redirect funding to her health and didn’t want to risk taking on another loan while her health was in jeopardy. Her current health insurance only covered her treatment partially and came with too many restrictions, such as only going to specific hospitals that were too far away from where she lived. They couldn’t afford to relocate her business and move into a new home. It seemed as though, eventually, she may have to sell her current business to focus on her health. Thankfully, her local community came in clutch with the best solution for her business expansion and her healthcare coverage.
One day, over a bonding session with their women’s group in their estate, a lady approached her with information about Equity’s program focused on empowering women in business, Fanikisha. This is a financial program that provides tailored solutions for women-owned businesses and also provides healthcare insurance for the business owner and her family.
The Fanikisha healthcare insurance was a godsend for Annabelle as she could now get comprehensive healthcare near where she lived. It includes inpatient and outpatient cover, maternal cover and last expenses cover. Coverage is yearly, costing as low as Kshs 5800 a year, with the option to add family members at an affordable extra cost.
The best thing about Fanikisha healthcare is that there are no waiting periods for accidents. It only takes 30 days for general illness, 3 months for chronic and pre-existing conditions, and 10 months for maternal health and maternity care. Once women entrepreneurs sign up for Fanikisha health coverage, it gives them ample time for planning when it comes to health management. Fanikisha health insurance is also available for existing Equity Bank customers, new customers and non-customers.
In addition, Fanikisha is a great benefit for families because it allows payment in instalments with Insurance Premium Financing. This ensures women don’t have to break the bank to gain access to comprehensive healthcare for themselves and their families. To add to the convenience, the insurance cover doesn’t require a card, but patients can be verified by fingerprint. Most impressively, Fanikisha also provides coverage for treatment abroad.
Why health coverage matters for business owners
Access to health insurance reduces medical risk. With access to affordable healthcare, business owners can ensure they don’t worry about getting treatment when they fall ill. Fanikisha provides access to multiple hospitals, which helps women ensure ready treatment for their families, no matter where they’re located.
Removing medical anxiety also helps boost a business’s growth when owners and employees are guaranteed affordable healthcare. Having access to healthcare ensures that workers and business owners don’t feel any pressure to work through illness to raise funding for healthcare. In addition, the affordability of Fanikisha ensures that all women business owners can access healthcare regardless of their income bracket.
Equity Health Insurance is making healthcare access a priority for women entrepreneurs, regardless of their financial background, which can lead to better healthcare coverage across the board. As more financial institutions embrace providing affordable and accessible health coverage, community-centred solutions like Fanikisha can improve the economic well-being of communities.
After Annabelle signed up for Fanikisha health insurance, she only needed to wait for 30 days before she could visit a specialist within the network of hospitals covered. She was able to avoid having to crowdfund for her health. Opening her second salon was delayed momentarily to ensure she was in good health before approaching the business. She was also able to safeguard her current salon because her clients were certain she’d return to them soon enough, in good health.
To start your Fanikisha journey today, send the word FANIKISHA, your FINANCIAL NEED and your BRANCH to 24990. You can also visit: https://equitygroupholdings.com/ke/fanikisha to complete the online form and start their journey.
Check out:
How Fanikisha Empowers Women Entrepreneurs At Every Stage Of Their Business
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