Finance

Uganda - Insurance Make people Rich
Can Insurance Make you Rich?
1000 640 LUTAKOME

Janet (not her real name) was promised by an insurance salesperson that if she subscribed for a life insurance plan with a monthly premium of 100k she will get up to 10 million after just five years. She signs up gets a contract which she doesn’t bother to read and waits to cash in after…

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What is Life, Medical and None Life Insurance
What is Life, Medical and Non-Life Insurance : This is My Take on it.
1000 640 LUTAKOME

I look at insurance as a financial instrument which provides a safety net should an unforeseen event threaten the things which matter to a person These can range from property, reputation, life and health Non-Life Insurance Perhaps the most diverse cluster of insurance, non-life insurance is also referred to as general or short-term insurance focuses…

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Reduce on your Loan Fees
Looking for ways to reduce your loan arrangement fees?
1000 640 LUTAKOME

The Bank of Uganda Consumer Protection Guidelines paragraph 6 (4) (b) stipulates that when a financial services provider provides ancillary services attached to their product, they should provide the consumer with a pool of at least four providers of this other service to select from. This includes insurance companies.   To comply with this directive,…

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Kampala Uganda Employee Benefits
[UGANDA] Recruit & Retain the Best with Employee Benefits
1000 640 LUTAKOME

Many employers subscribe to the false theory that more money equals satisfied employee. Whereas it’s true that a solid compensation plan is critical to attracting and keeping key personnel, the way this plan is executed matters a lot. Additional cash on one’s payslip is not always the only answer and in many cases not even…

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Key Drivers of Insurance Penetration in Uganda
1000 640 LUTAKOME

It’s one of the most used phrases by insurers whenever matters of common interests come up for discussion, for Uganda insurance penetration is less than 1% and I have heard in many forums efforts to increase penetration to match up with other markets. I have listened to one speaker say that we need to target…

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