Insurance

Reducing Your Tax Burden Through Life Insurance
600 400 LUTAKOME

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

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

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

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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