What is a Life Cover?
Life insurance is a contract between an insurance policyholder and an insurer or assured,
where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
What Is The Best Life Cover In Uganda
In 2022, Prudential was the insurance company with the highest level of customer satisfaction in Uganda.
As many as 87 percent of customers reported that they were content with their services.
What life insurance is compulsory in Uganda?
There are insurance products created by statute such as worker’s compensation products and motor vehicle (third-party risk) insurance.
How does life insurance work in Uganda?
Yes, a Life insurance policy is a contract between a policyholder and insurer where the insurer promises to pay a designated beneficiary a lump sum upon the happening of the insured event in exchange for
regular premiums while Health medical insurance is a contract where the cost of medical treatment of the insured.
How many life covers can you have in Uganda?
Yes, you can have more than one life insurance policy but this should be guided by the need one has, in in order to avoid being over or under-insured.
Remember to always choose a plan whose premiums you can afford to pay.