Bastion Health
Bastion Health is a Nigerian private HMO selling health insurance plans to individuals, families, seniors, SMEs, and corporates across all 36 Nigerian states, supported by a 1,800+ facility provider network, iOS/Android mobile app, and 24/7 telemedicine via Octodoc.
- Company typePrivate
- Founded2020
- HeadquartersLagos, Nigeria
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Bastion Health does
Bastion Health Limited is a Nigerian Health Maintenance Organization (HMO) incorporated as a private company in Lagos, founded in 2020, and operating across all 36 Nigerian states with an international coverage option to India on premium-tier plans. Its core offering is a multi-tiered health insurance portfolio spanning seven Individual & Family plans (Jade through Crimson, ₦32,380–₦574,220 annually), three Seniors plans covering ages 55+ with chronic disease management (Oak, Blossom, Golden), four SME plans for businesses with 15+ employees (Smart Lite through Smart Pearl), and customizable Corporate plans across six tiers. The company earns revenue primarily through annual subscription premiums across these tiers, with corporate pricing done via quote-based contracts.
The business is technology-enabled rather than technology-built: distribution and member servicing run through a mobile application on iOS and Android, a website-based enrollment flow (app.bastionhmo.com), and a 24/7 telemedicine service powered by partner platform Octodoc. Healthcare providers access paperless, prompt digital claims settlement through a separate provider-facing workflow. A provider network of more than 1,800 accredited hospitals, clinics, and pharmacies across Nigeria underwrites the product — making network breadth, not proprietary software, the principal operational asset. Go-to-market combines self-serve digital enrollment (consumer and SME), direct corporate sales, and channel partnerships including a March 2026 pooled-insurance partnership with Bolt for gig-economy drivers and a partnership with Akoma Health for maternal mental-health support.
Leadership is led by Managing Director Naomi Aduku and Chairman Ohis Ohiwerei, with a management layer that includes Group Heads for Medical Operations, Corporate Sales, and Retail & SME. The company holds the 2025 NHIA Audit Compliance Trustmark and was ranked #1 among Nigerian HMOs for 2026 on coverage comprehensiveness, network size, customer satisfaction, and innovation. No external venture capital, parent company, or funding rounds are disclosed in the source material, indicating founder/management ownership of a profitable, bootstrapped operating HMO.
Bastion Health firmographics
Firmographics- Name
- Bastion Health
- Legal name
- Bastion Health Limited
- Website
- https://bastionhmo.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Bastion Health is a Nigerian private HMO selling health insurance plans to individuals, families, seniors, SMEs, and corporates across all 36 Nigerian states, supported by a 1,800+ facility provider network, iOS/Android mobile app, and 24/7 telemedicine via Octodoc.
- Ownership category
- akta.pro rank
Where Bastion Health is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
Bastion Health business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Health Insurance Premiums: Subscription-based health insurance premiums charged annually for individual, family, seniors, SME, and corporate health plans. Plans range from entry-level essential coverage to premium comprehensive packages.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Jade - Entry-level essential coverage with ₦500,000 annual medical coverage |
| Subscription | Annual | Beryl - Enhanced coverage with ₦750,000 annual medical coverage |
| Subscription | Annual | Ruby - Mid-tier family plan with ₦1,000,000 annual coverage |
| Subscription | Annual | Sapphire - Comprehensive family coverage with ₦1,500,000 annual limit |
| Subscription | Annual | Emerald - Premium family plan with ₦2,500,000 annual coverage |
| Subscription | Annual | Diamond - Comprehensive premium coverage with ₦3,500,000 annual limit |
| Subscription | Annual | Crimson - Top-tier premium coverage with ₦5,000,000 annual limit |
| Subscription | Annual | Oak - Seniors essential plan with chronic disease management |
| Subscription | Annual | Blossom - Seniors enhanced plan with semi-private ward |
| Subscription | Annual | Golden - Seniors premium comprehensive plan with private ward |
| Subscription | Annual | Smart Lite - Basic SME plan for 15+ employees |
| Subscription | Annual | Smart Care - SME standard plan with ₦750,000 coverage |
| Subscription | Annual | Smart Plus - SME enhanced plan with 1,500+ facilities |
| Subscription | Annual | Smart Pearl - SME comprehensive plan with ₦2,000,000 coverage |
| Subscription | Annual | Corporate Plans - Custom employer health insurance packages |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Bastion Health product offering
Product offeringCore offering
Bastion Health is a Nigerian Health Maintenance Organization that sells tiered health insurance plans to individuals, families, seniors, SMEs, and corporate clients. The plans are delivered through a digital platform with a mobile app, 24/7 telemedicine via Octodoc, and access to 1,800+ accredited healthcare facilities across Nigeria. Subscriptions are billed annually with customizable coverage limits.
Product overview
Bastion Health is a Nigerian Health Maintenance Organization (HMO) offering a multi-tiered health insurance platform serving individuals, families, seniors (55+), and businesses. The core product portfolio consists of seven Individual & Family Plans (Jade, Beryl, Ruby, Sapphire, Emerald, Diamond, Crimson) ranging from entry-level to premium coverage, three Seniors Plans (Oak, Blossom, Golden) with chronic disease management for elderly Nigerians, four SME Plans (Smart Lite, Smart Care, Smart Plus, Smart Pearl) for businesses with 15+ employees, and Corporate Plans with customizable tiers. The platform is complemented by a mobile application for iOS and Android, a telemedicine service powered by Octodoc, and access to 1,800+ accredited healthcare facilities across Nigeria with international coverage to India on premium plans.
Differentiator
Problem solved
Functional benefit
Products and services
- Bastion Mobile App Mobile application for iOS and Android enabling enrollees to access digital ID cards, view benefits, locate network hospitals, book appointments, and manage their health insurance directly from their smartphone.
- Telemedicine Service (Octodoc) Virtual doctor consultation platform available 24/7, allowing enrollees to speak to a doctor from their home without physical travel. Available across all plan tiers.
- Individual & Family Plans (Jade, Beryl, Ruby, Sapphire, Emerald, Diamond, Crimson) Seven-tiered health insurance plans for individuals and families, ranging from entry-level essential coverage (Jade at ₦32,380/yr) to premium comprehensive coverage (Crimson at ₦574,220/yr), with cover limits from ₦500,000 to ₦5,000,000 and access to 1,100-1,600+ healthcare facilities.
- Seniors Plans (Oak, Blossom, Golden) Three health insurance plans for seniors aged 55+ covering pre-existing conditions, chronic disease management (including cancer and renal care), telemedicine access, and ward admission options, with annual premiums ranging from ₦290,110 to ₦1,068,505.
- SME Plans (Smart Lite, Smart Care, Smart Plus, Smart Pearl) Four group health insurance plans for SMEs with 15+ employees, with annual premiums ranging from ₦45,080 to ₦84,550, covering maternal and neonatal care, dental, optical, surgeries, and access to 1,500-1,700+ healthcare facilities.
- Corporate Health Plans Customizable employer health insurance packages with access to nationwide networks, health data insights, and dedicated account management, including six tiers from Standard to Vintage and international coverage options to India on premium plans.
Quantifiable outcome
- Telemedicine and mental health resources included across most plan tiers
- +1 more outcomes
Companies that use Bastion Health
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Bastion Health technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Bastion Health partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- BoltcorePartnership with Bolt, a ride-hailing platform, to offer affordable and flexible health insurance schemes for drivers in Nigeria through a pooled programme. The initiative addresses welfare gaps in Nigeria's gig economy where most drivers operate in the informal economy with limited access to employer-backed healthcare.
- Akoma HealthminorPartnership with Akoma Health to provide FREE virtual therapy for mothers experiencing postpartum depression through corporate wellness programs. This addresses maternal mental health support gaps.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Bastion Health competitors and assessment
Company assessmentEmerging players
- mPharma: Pan-African health tech company operating in Nigeria with pharmacy and patient management services. Comparable as a tech-enabled African healthcare player, though overlapping more on digital health than direct insurance underwriting.
- Hycare Health (Africa-based digital HMO): African digital-first health insurance challenger targeting retail and SME segments. Comparable to Bastion on mobile-led onboarding and tech-enabled claims in emerging markets.
Direct peers
- Hygeia HMO: Nigeria's largest HMO offering individual, family, and corporate health plans. Directly comparable to Bastion on product structure, regulatory standing, and target customer segments in the Nigerian market.
- Leadway Health: Nigerian HMO/health insurance arm of Leadway Assurance, providing individual and corporate health plans. Comparable to Bastion in product tiers and target customer mix, with backing from a larger insurance group.
- Reliance HMO: A technology-driven Nigerian HMO using mobile apps and telemedicine. Direct peer to Bastion on digital-first distribution, tech-enabled claims, and tech-savvy target demographics.
- Avon Healthcare: A leading Nigerian HMO providing health plans for individuals, families, and corporates. Closely comparable to Bastion in plan structure, provider network model, and corporate segment focus.
- AIICO Multishield: Nigerian HMO offering individual, family, and corporate health plans as part of AIICO Insurance Group. Direct competitor to Bastion in Nigeria's regulated HMO landscape.
- Total Health Trust: A Nigerian HMO focused on corporate and SME health plans. Comparable to Bastion's SME and corporate product lines and provider-network business model.
Broad incumbents
- AXA Mansard Health: Subsidiary of AXA, offering health insurance as part of a broader life and general insurance portfolio in Nigeria. Comparable on health products but with a wider insurance footprint and deeper capital base.
- Cigna International Health: Global health insurer serving multinationals and expatriates, including in Nigeria. Comparable on international coverage options that Bastion offers to corporate clients (e.g., coverage in India on premium plans), but at very different scale and scope.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Bastion Health social profiles
Digital presenceBastion Health compliance and trust
Trust signalCompliance1 record
Bastion Health financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bastion Health leadership team
Management profileNumber of profiles
Profiles11 records
Bastion Health funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bastion Health M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bastion Health
What does Bastion Health do?
Bastion Health is a Nigerian Health Maintenance Organization that sells tiered health insurance plans to individuals, families, seniors, SMEs, and corporate clients. The plans are delivered through a digital platform with a mobile app, 24/7 telemedicine via Octodoc, and access to 1,800+ accredited healthcare facilities across Nigeria. Subscriptions are billed annually with customizable coverage limits.
Is Bastion Health a public or private company?
Bastion Health is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Bastion Health founded?
Bastion Health was founded in 2020. It employs 101 to 250 people.
Where is Bastion Health based?
Bastion Health is headquartered in Lagos, Nigeria, in the Africa region.
How does Bastion Health make money?
One revenue line is on record: health Insurance Premiums.
Who are Bastion Health's main competitors?
Emerging players on record are mPharma and Hycare Health (Africa-based digital HMO). Direct peers are Hygeia HMO, Leadway Health, Reliance HMO, Avon Healthcare, AIICO Multishield and Total Health Trust. Broad incumbents are AXA Mansard Health and Cigna International Health.
Does Bastion Health have an API?
No public API is recorded for Bastion Health.