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Absa Bank Uganda and Prudential Uganda have today launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of a loved one who is either a member or immediate member of a family. The policy caters to funeral expenses and other paybacks to help families navigate the unexpected hardships that arise during times of loss and grief. The cover is available to customers in three attractive packages of UGX 5,000, UGX, 10,000 and UGX 20,000 per month. Speaking to the media, Michael Segwaya, Absa Bank Uganda’s Executive…
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Prudential Uganda has won three awards; the Most Innovative Life Insurance Product, Most Innovative Insurance Agent and the Overall Judges’ Special Award in the second edition of the Insurance Innovation Awards organised by the Insurance Regulatory Authority of Uganda. Under the same category of Most Innovative Life Product Prudential came both first and third with its Telemedicine offering, an enhancement to Prudential’s Health Insurance. Held at the Kampala Serena Hotel, under the theme “Innovation amidst turbulence”, the awards seek to recognize exceptional innovation and inspire the insurance industry to evolve, innovate and better serve the insurance customer, according to the…
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VisionFund Uganda and Turaco Insurance Brokers Limited (T/A Turaco) are proud to officially announce the launch of their partnership with a microinsurance product called “VisionFund Cares”. The product offering, available to over 40,000 VisionFund customers and their families, is designed to help ease the financial burden associated with hospital admissions, permanent disability and death. The cover is underwritten by ICEA LION Life Assurance Company Uganda Ltd. VisionFund Uganda is a microfinance institution (MFI) and affiliate of World Vision Uganda that started in 1996 as MEDNET and later rebranded in 2012 as VisionFund Uganda. The MFI has grown to a footprint of 21 branches,…
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