Wins annual service contract for medical healthcare cover for USD 35 million
Bliss GVS Pharma announced that its step down subsidiary, Bliss GVS Healthcare in Kenya, has recently won an annual service contract relation to medical healthcare cover equivalent to USD 35 million in association with Aon Kenya Insurance Brokers.This contract will cover out-patient services for over 288000 teachers who are members of the Teachers Service Commission of Kenya. The new cover to be managed by Aon Kenya Insurance Broker will benefit the principal contributor, their spouse and four children.
The medical healthcare cover provides for dental, optical and maternity cover on a out-patient basis. Service payments will be received by the Company from Aon, in advance, on quarterly basis. The contract is effective 01 July 2015 and the first quarterly payment is already received by the Company.
Besides the said services, the contract also envisages supplies of various Bliss GVS Pharma products from India, for administering to patients covered under this scheme.
Powered by Capital Market - Live News
