BonVie Medical Aid Scheme

What BonVie Medical Aid Scheme does

BonVie Medical Aid Scheme, legally Bonvie Medical Aid Society, is a private, Harare-headquartered health insurer registered in Zimbabwe in November 2009 (as Altfin Medical Aid Scheme) and rebranded to BonVie in September 2016 after separating from Altfin Holdings. It holds operating license 08.2017 from the Ministry of Health and Child Welfare and is affiliated with AHFoZ, the Board of Health Funders of Southern Africa, and the International Federation of Health Plans. The company operates across 7 branch offices covering Harare (HQ and Milton Park), Bulawayo, Mutare, Gweru, Chitungwiza, Masvingo, and Chinhoyi.

The company sells a multi-tier portfolio of medical aid products across both USD and ZWG currencies. Its flagship is the Platinum Packages suite (USD-denominated Oak, Teak, Mukwa, Mukwa Lite, Pine) with annual global limits from USD 5,000 to USD 90,000, paired with a parallel ZWG-denominated Classic Packages line. Entry-level and mass-market segments are served by MedAccess (from $5/month) and Health4U ($5/month with WhatsApp/USSD onboarding). Large corporates are served by the Self-Managed Fund product, which offers fully or partially self-funded arrangements with BonVie providing administration, claims adjudication, and reinsurance facilitation. Complementary offerings include Travel Cover and Student Cover. The technology stack includes an online membership and claims platform (bonvie.netlify.app), the Lwazi WhatsApp chatbot, USSD integration, and payment rails through PayNow, five Zimbabwean banks (NMB, CBZ, ECOBANK, STANBIC, Innbucks), and Ecocash.

Revenue is generated primarily through recurring monthly premium contributions from corporates, SMEs, and individuals, supplemented by administration fees on Self-Managed Funds. Distribution is multi-channel: direct enterprise sales teams, a 24/7 call center, online self-service, USSD/WhatsApp self-serve for micro-plans, and a nationwide provider network of public and private hospitals, clinics, dental, optical, and pharmacy partners. BonVie states 18,000+ to 50,000+ members, with no disclosed funding rounds, M&A, or public listing; the firm appears to be an independent, profitable operator financed internally.

Name

BonVie Medical Aid Scheme

Legal name

Bonvie Medical Aid Society

Website

https://bonvie.co.zw

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

BonVie Medical Aid Scheme is a private Zimbabwean health insurer offering multi-tier medical aid plans (Platinum, Classic, MedAccess, Health4U) and corporate Self-Managed Fund administration to corporates, SMEs, individuals, and micro-insurance customers across 7 cities, serving over 18,000 members.

Ownership category

akta.pro rank

Product category

Health Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Health and Welfare Funds (52512)

SIC

Hospital & Medical Service Plans (6324)

akta.pro primary industry

Medigap Marketing, Lead Gen & Compliance (CMS/Do-Not-Call/TPMO) (HLAEADAE)

Keywords

• Medical aid schemes
• Health insurance plans
• Corporate healthcare coverage
• Medical scheme administration
• Healthcare funding services

Headquarters

HQ city

Harare

HQ country

Zimbabwe

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Others, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Medical Aid Premiums: Monthly subscription contributions from members for healthcare coverage. Contributions vary by plan tier (Oak, Teak, Mukwa, Mukwa Lite, Pine), member type (adult, child, senior), and account size (corporate, SME, individual). Both ZWG and USD payment options available.
2. Self-Managed Fund Administration: Administration fees charged to corporates for managing their self-funded medical schemes. BonVie provides membership administration, claims adjudication, and reinsurance facilitation.
3. Travel and Student Cover: Premiums for travel insurance and student medical cover for those studying outside Zimbabwe
4. Corporate Funding Management: Pooled fund management services for corporate clients where BonVie assumes risk or facilitates reinsurance

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels9 records

Core offering

BonVie Medical Aid Scheme is a Zimbabwe-based private medical aid society that offers tiered health insurance plans to individuals, SMEs, and corporates. Its portfolio includes USD-denominated Platinum Packages, ZWG-denominated Classic Packages, an entry-level MedAccess Plan, a $5/month Health4U budget plan, Self-Managed Fund administration for large corporates, and complementary Travel and Student Cover. Members access a nationwide network of hospitals, clinics, dental, optical, and pharmacy providers, with claims processed via online forms, WhatsApp/USSD channels, and a 24/7 call centre.

Product overview

BonVie Medical Aid Scheme operates a multi-tiered medical aid portfolio offering both USD-based and local currency (ZWG) plans. The core product lines include Platinum Packages (USD-denominated premium plans with global limits ranging from USD 5,000 to 90,000), Classic Packages (ZWG-denominated plans with corresponding ZWG limits), and the entry-level MedAccess Plan. Additional products include the budget Health4U plan ($5/month), Self-Managed Fund for large corporates, Charter Family Package for comprehensive family coverage, and Complementary Packages offering Travel Cover and Student Cover add-ons. The portfolio is designed to serve individuals, SMEs, and large corporates with tiered coverage options catering from executives to general staff.

Differentiator

Problem solved

Functional benefit

Brands

• MedAccess: Entry-level medical aid plan designed for those who cannot afford classic medical aid plans, providing access to essential healthcare services at public and select private medical centers.
• Classic Plan
• Charter Family Product
• Health4U
• Self-Funded Plans
• Platinum Packages

Products and services

• Platinum Packages (USD Based Plans)

Quantifiable outcome

• Over 18,000 members currently enrolled
• +3 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

15 partnerships are on record, tiered core and supporting.

• Vivat Healthcare CliniccoreOthersPrimary healthcare clinic service provider in BonVie's network, located in Harare. Part of the Vivat healthcare ecosystem including pharmacy and solutions.
• Vivat Health SolutionscoreOthersHealthcare solutions provider offering professional services in the BonVie network. Partner pharmacy operator.
• Vivat Health PharmacycoreOthersPharmacy services provider in BonVie's network, part of Vivat healthcare ecosystem.
• Vivat ClearViewcoreOthersOptical services provider in BonVie's network offering eye care and eyewear, available in Harare and Masvingo locations.
• Privos PharmasupportingOthersPharmaceutical products and services provider in the BonVie healthcare network.
• Association of Healthcare Funders of Zimbabwe (AHFoZ)coreOthersIndustry association membership providing industry standards alignment and regulatory compliance for BonVie Medical Aid Scheme.
• Board of Health Funders of Southern Africa (BHF)coreOthersRegional industry body membership for health funders in Southern Africa, providing standards and best practices framework.
• International Federation of Health Plans (IFHP)supportingOthersInternational membership providing global health plan industry connections and standards.
• PayNowsupportingTechnology or IntegrationOnline payment gateway integration allowing members to pay contributions via https://www.paynow.co.zw/bonvie
• NMB BanksupportingOthersBanking partner for ZWG and USD contributions. Account 86623187301001 (ZWG), 86623187302001 (USD) at Borrowdale branch.
• CBZ BanksupportingOthersBanking partner for ZWG and USD contributions. Account 24232500012 (ZWG), 24232500042 (USD) at Borrowdale branch.
• ECOBANKsupportingOthersBanking partner for ZWG and USD contributions. Account 5712000009714 (ZWG), 5783600044096 (USD).
• STANBIC BanksupportingOthersBanking partner for ZWG and USD contributions with SWIFT code SBICZWHXXXX. Belgravia branch.
• INNBUCKSsupportingOthersMobile money and banking partner. Account 019941833280001 (USD), 012111833280001 (ZWG). Also provides USSD service *569# for registration.
• ECOCASHsupportingTechnology or IntegrationMobile money payment option with biller code 41183 for contribution payments.

Scale indicators8 records

Recent moves7 records

Emerging players

• Generation Health: Zimbabwe-based medical aid society with comparable corporate and individual plan offerings. Overlaps with BonVie in tier structure and target segments, but generally a smaller or newer entrant.

Direct peers

• CIMAS Medical Aid Society: One of Zimbabwe's largest medical aid societies, offering tiered corporate and individual health plans. Directly comparable to BonVie in product structure, target market (Zimbabwe corporates/SMEs/individuals), and dual-currency pricing reality.
• Premier Service Medical Aid Society (PSMAS): Zimbabwe's largest medical aid society, historically serving civil servants and large corporates. Direct competitor on corporate accounts and large group schemes with similar pooled-fund and full-risk underwriting model.
• First Mutual Health: Zimbabwean medical aid provider under the First Mutual Holdings group, offering corporate and individual medical aid schemes. Comparable in product tiering, corporate/SME focus, and Zimbabwe-only geographic scope.
• Cellmed Health Insurance: Zimbabwe-registered medical aid society offering a range of health plans to corporates and individuals. Comparable to BonVie in scale, market positioning, and product breadth within Zimbabwe.

Regional players

• Medscheme (South Africa): Major South African medical scheme administrator and managed care provider. Comparable to BonVie's Self-Managed Fund administration function and claims adjudication capabilities, though at substantially larger scale and outside Zimbabwe.

Broad incumbents

• Discovery Health (South Africa): Largest private health insurer in South Africa with Vitality wellness integration. Comparable in wellness-and-prevention positioning and tiered plan architecture, but operates as a regional incumbent with substantially larger scale.
• Old Mutual Health Solutions: Zimbabwe and regional financial services group offering medical aid and insurance products. Comparable as a multi-line insurance distributor in Zimbabwe, but with broader life and general insurance portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/BonvieMedical
• YouTubeyoutube.com/@bonviemedicalaidscheme7119
• Facebookfacebook.com/BonVieMedicalAidScheme
• LinkedInlinkedin.com/company/bonvie-medical-aid-scheme
• Instagraminstagram.com/bonviemedicalaid

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BonVie Medical Aid Scheme