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Liberty Life Assurance Uganda has announced a phased withdrawal from its health insurance business in Uganda, signaling a major realignment of its business priorities in East Africa. The development follows a comprehensive business review by its parent company, Liberty Group, in 2024, which saw the decision to wind down the South African operations of Liberty Health (Pty) Ltd (LH) and localize operations to markets with in-country insurance licensing. In a letter dated 19 June 2025 addressed to healthcare providers and signed by Joseph Almeida, the Managing Director of Liberty Life Assurance Uganda, the company confirmed that it would cease offering…
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Letshego Uganda, a subsidiary of Letshego Holdings Limited (“Letshego Group”), has partnered with Africa’s leading insurtech Turaco Insurance Brokers Ltd (trading as Turaco), to provide affordable health insurance coverage to Letshego customers. The partnership aims to help mitigate health-related financial risks in line with Letshego’s mission of empowering the underbanked and driving financial inclusion in Africa. With a mere 1% of Ugandans currently covered by formal insurance plans, the partnership will help bridge that gap. Letshego customers will now be able to safeguard themselves and their families against unforeseen medical-related expenses. The “LetsGo Insure” insurance product will be an embedded…
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Stanbic Bank and Prudential Uganda are set to launch a health insurance product for Stanbic Bank clients, to protect their savings so that in the event of an illness or medical emergency they don’t have to spend out of pocket.This product, which will officially be launched in January 2022, was jointly designed by the partnership as a result of feedback on the Bank customers needs.This health insurance scheme is targeting the expansive and growing customers of Stanbic bank who, despite having access to banking services and products, do not all have access to affordable medical insurance cover. For those who…
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