Life Insurance | Nicholas Lutakome

Can Insurance Make you Rich?

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By: LUTAKOME

November 24, 2018

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…

Looking for ways to reduce your loan arrangement fees?

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By: LUTAKOME

November 14, 2018

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,…

Key Drivers of Insurance Penetration in Uganda

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By: LUTAKOME

November 5, 2018

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…