Insurance experts are attributing the low adaptation of insurance to companies that refuse to pay claims and if they do, they cheat the public.
Life and general insurance company, Liberty Life Assurance, Chief Executive, Mohammad Danish Eqbal says Customer protection and growth are paramount, which is why they have created the Kuza Plan.
“This comprehensive protection plan ensures our clients' security while supporting their financial growth.”
Unlike traditional plans, the Kuza Plan offers the freedom to cancel without penalties, guaranteeing a full return on the investment account balance.
"The Kuza Plan ensures your investments grow even if premium payments stop. We prioritize transparency and flexibility, aiming to provide peace of mind to policyholders and beneficiaries, "he adds.
His remarks as they unveiled the Kuza Plan, a financial product merging savings with life and disability insurance.
Joseph Almeida, Managing Director of Liberty Life Assurance Uganda, says "At Liberty Life Uganda, we empower individuals to secure their financial future with confidence adding that the initiative represents a bold step towards offering essential benefits and unparalleled flexibility to meet diverse customer needs."
The campaign caters to the needs of the corporates and business people aged between 30 and 60, aligning seamlessly with their aspirations and lifestyle choices.
The company notes that through the innovative fusion of savings with life and disability insurance, the plan establishes a safety net for individuals and not just reshaping the insurance sector but also fostering opportunities for Ugandans to flourish amidst evolving circumstances.
The Kuza Plan surpasses the boundaries of a typical savings plan by providing last rights and permanent disability benefits at no additional cost.
"With as little as 200,000 shillings million, a client is able to receive a savings illustration and feasibility analysis to maximizes profitability and ensure goal achievement."
