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Financials

Medical schemes are non-profit organisations. This means any money we save is for the benefit of our members. The more we can save, the more we can keep costs down as well as increase the value of your benefits.

While we might not run for commercial profit, all our financial ducks still have to be very much in a row, including our financial reserves.  The good news is we have more than enough in reserves – over R3 billion, in fact.  So we are absolutely confident that we can not only pay your claims but provide you with the best possible bang for your buck.

As an added bonus, our financial indicators are well above industry average and include low expense ratios, allowing us to provide you with quality healthcare and benefits.

Please note: these figures are based on the approved 2016 Financial Statements

Annual Reports

Bonitas is batting for you, our members.  One of the ways we do this is by ensuring we sustain our financial soundness and solvency levels.  We make sure our key financial indicators, demographics, and expense ratios are higher than the industry average.

The latest annual report is available for you to look at and you will see, amongst other things that our reserves are over R3 billion. Think of it as a comfort zone enabling us to really able to look after you and pay your claims.

Annual General Meeting

The Annual General Meeting (AGM) of Bonitas Medical Fund will be held as follows:

Date:           Wednesday, 30 August 2017

Time:          09:00

Venue:       NH The Lord Charles Hotel, Corner Main Road and Broadway Boulevard Somerset West, Western Cape

Registration will take place from 07:00 until 09:00. Members attending the AGM are required to bring along their proof of identity (a South African ID book, card or driver’s licence or passport) and their Bonitas membership card.

Please view the notice of AGM here.