Ugandan banks help more people buy insurance coverage. The country earned 1.6 trillion shillings from insurance sales last year, compared to 1.44 trillion shillings the year before. Banks team up with insurance companies to sell policies through their branches. This partnership made 179.48 billion shillings, compared to 142.7 billion shillings the previous year. Most Ugandans still do not have any insurance protection.
Equity Bank started a new health plan called Equity-Life for poor families. People pay 3,000 shillings each month for the coverage. The plan gives patients 50,000 shillings daily for twenty days after they leave the hospital. Seven out of ten Ugandans make less than two dollars each day. The bank wants these families to have money when sickness strikes.
Banks make insurance easier to buy for regular customers. Many Ugandans think insurance costs too much money for what they receive. The new products target people who need affordable protection the most. Banks already know their customers and can explain how insurance works. This system helps more families prepare for medical emergencies.
Equity Bank started a new health plan called Equity-Life for poor families. People pay 3,000 shillings each month for the coverage. The plan gives patients 50,000 shillings daily for twenty days after they leave the hospital. Seven out of ten Ugandans make less than two dollars each day. The bank wants these families to have money when sickness strikes.
Banks make insurance easier to buy for regular customers. Many Ugandans think insurance costs too much money for what they receive. The new products target people who need affordable protection the most. Banks already know their customers and can explain how insurance works. This system helps more families prepare for medical emergencies.
