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Insurance

Reducing Your Tax Burden Through Life Insurance
 600 400 LUTAKOME
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0

In a country where new taxes are being introduced on every investment, I would like to share with you how the life-insurance industry can create a tax haven for the subscribers. Like I said in my previous article “can insurance make you rich?” Life insurance in not necessarily an investment but rather an optional safety…

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Uganda - Insurance Make people Rich
Can Insurance Make you Rich?
 1000 640 LUTAKOME
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0

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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Reduce on your Loan Fees
Looking for ways to reduce your loan arrangement fees?
 1000 640 LUTAKOME
By:
2

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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Key Drivers of Insurance Penetration in Uganda
 1000 640 LUTAKOME
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0

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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