By Silvia Nyambura
A few months since Prudential plc acquired Goldstar Insurance Life business, the company has opened its headquarters on Kampala Road. Prudential Assurance Uganda Limited has also launched Pru EduSave, a new savings plan which will enable parents to save for school or university fees while also earning a high return.
Pru EduSave is an alternative to taking out a loan which usually charges interest, and has been approved by the Insurance Regulatory Authority of Uganda. This savings plan will give parents peace of mind and protection for their loved ones. If a parent passes away, the company will pay a lump sum and waive the need to make further payments into the savings plan.
In addition, Prudential will pay out a final lump sum to cover the child’s school or university fees. Parents can save as little as Ushs 100,000 a month into the savings plan for between 5 and 20 years.
Speaking during the launch Matt Lilley, CEO Africa Prudential plc, said, “I am delighted that we have opened our new headquarters in Kampala, which will act as our hub for our operations throughout the country. Pru EduSave is an easy way for parents to save for their children’s education, which is often the most significant investment they will ever make.
