Terms of Use
Bankmed has 110 years of experience in the banking and healthcare industry, and in 2023 we expanded our services into the financial services industry. We are experts in providing insights into our clients’ and our members’ health and wellness needs.
What sets Bankmed apart is the better value we provide our members. In an independent analysis conducted by NMG Consultants and Actuaries, Bankmed members were found to pay lower contributions whilst receiving richer benefits, resulting in substantially better value to the value of 35% on average. NMG defined value as the quality of benefits provided at a certain level of contribution.
The NMG study was subsequently peer reviewed by financial services group Alexforbes, who found that “… each of Bankmed’s options offer relatively higher richness compared to options charging similar contribution rates, or relatively lower contributions compared to options offering similar benefit richness. Bankmed’s products are even more valuable for lower income groups, who are able to enjoy rich benefits for relatively low contributions.”
The Bankmed Medical Aid Comparison Tool was developed partly to assist individuals who are currently on their spouses’ (and spouse here refers to spouse or partner) medical scheme with an option to compare Bankmed benefit options as an alternative.
Access the tool by clicking on the ‘Next’ button.