SA fintech launches medical aid price comparison service 

South African fintech, Better Compare has launched a new online quoting platform that allows users to compare medical aid schemes and their plans. 

New free online medical aid comparison platform launches in SA

In a statement to Ventureburn, Derek Wilson, managing director of Better Compare explains that the service is free. 

“Our medical aid comparison service is entirely free for consumers to use with no hidden catches. It is also free for the growing list of companies to feature on our various quoting panels. We simply charge the providers on our panel a marketing introducer fee for each client, but in no way does this marketing fee influence the end price the consumer gets, which is always direct from the providers.”, elaborates Wilson.

Comparing medical aid schemes

As a convenient platform, Better Compare’s medical aid online comparison platform is easy-to-use as users simply enter a few details on the type of medical aid they are searching for, and the innovative and built-in quoting engine provides a number of options. 

According to the fintech, the website’s search engine analyses over 100 plans from up to six different medical aid schemes and showcase each plan to the user indicating the plan’s benefits and monthly premiums. 

Providing a side-to-side comparison between medical aid plans simplifies the tedious process when consumers are searching for medical aid. Once a specific option is selected, Better Compare assists users with a quote for the chosen scheme. 

Wilson explains that the new medical aid comparison platform aims to provide a simple and much-needed service for South Africans. 

“Not all medical schemes offer the same premiums. The only way to know you’ve got the best deal is to compare what is out there based on your own unique profile and needs. Comparing before you buy is arguably now more important than ever to do in order to help ensure you are getting the best value for your hard-earned cash.”, said Derek Wilson, MD at Better Compare. 

The fintech claims that the new platform is South Africa’s ‘first truly independent health insurance comparison platform’. It is notable that Better Compare is not owned by or affiliated to any of the companies that it compares on its platform. 

Better Compare

Founded in 2018, the fintech startup has added additional comparison platforms to its website such as car insurance. 

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Better Compare (Supplied)Read more: New funding mechanism launches for SA medical sector
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Featured image: National Cancer Institute via Unsplash 

Ishani Chetty: Editor
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