Bonitas Member Magazine Issue 4. 2019 | Page 12

Primary, Primary Select, B  onSave and BonFit Select Primary, Primary Select, BonSave and BonFit Select contributed to a massive 42% in business growth this year. These products have been successful in attracting our desired target market, with the ideal profile. This clearly indicates the favourable response by the market to these options and their competitiveness in this space. Primary Select emerged as the fastest growing Bonitas option ever, securing 6 000 new members within its first month! It is critical that we focus more in this market sector to grow the Fund. As such, we have made several changes to these options that will position them more strongly. 15% increase on day-to-day benefits for Primary and Primary Select In line with our strategy to reduce members’ out-of-pocket day-to-day expenses, we have increased the day-to- day benefits on Primary and Primary Select by 15% for 2020. Main member only Main member + 1 dependant Main member + 2 dependants Main member + 3 dependants Main member + 4 or more dependants R2 660 R4 760 R5 590 R6 010 R6 510 15% Savings on BonSave increased to 20% BonSave offers savings to use as you choose for medical expenses and extensive hospital cover. This plan is ideal for younger families aged 35-44 years old. This is one of our most competitive options as it appeals to various market segments and audiences. This option is ideally positioned for more aggressive growth in 2020. To improve its competitiveness in the market, we have increased the medical savings on BonSave from 16% to 20% taking into account feedback from our valued brokers. This will still be accompanied by rich risk benefits for preventative care, maternity, child care, dentistry, wellness and additional GP consultations. Main member Adult dependant Child dependant Page 11 R6 372 R4 932 R1 908 20%