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Tag Archives: Insurance

7,000 farmers in Lango enroll for crop insurance scheme

Under this scheme, a farmer is required to pay about 30,000 shillings per acre to insure their crops each season. Once their crops are affected by either drought or rain, they are entitled to a minimum compensation of Shillings 150,000 per acre of the crop depending on the market price. …

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Virtual classes saving us money- Insurance trainers

Kampala, Uganda | THE INDEPENDENT | Insurance training institutions across Africa say the coronavirus crisis has presented them with an opportunity to save money through conducting online classes for the professionals in the industry. In a zoom meeting with players from all over Africa, participants said before the outbreak of …

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Insurers asked to give policy holders 3-months grace period

Kampala, Uganda | THE INDEPENDENT | Ugandans and businesses should be given a grace period of up 90-days in which to pay their insurance before they are rendered uncovered, the industry regulator Insurance Regulatory Authority has advised. In a letter to all insurance companies, IRA advises that a “grace period …

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No insurance cover for Uganda’s coronavirus patients

  Kampala, Uganda | ISAAC KHISA | International Air Ambulance (IAA) Healthcare, a leading Health Membership Organisation in Uganda has announced that it will not cater for medical bills for any of its clients infected with coronavirus. This follows declaration of the disease as pandemic by the World Health Organisation. …

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ICEA Uganda marks 20 years

Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority CEO Ibrahim Lubega Kaddunabbi has said the industry is ripe for disruption as advances are made in the digital space especially in the insur-techs. He warned that insurance players should therefore ensure that there are constantly evolving their methods to …

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Foreign banks can now set up wholly-owned branches in China

China starts lifting restrictions on foreign investment Beijing, China | AFP |  China has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world’s two biggest economies are locked in a fierce trade battle. From the start of …

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Sanlam sues travel agency for failing to clear insurance premium

Kampala, Uganda | THE INDEPENDENT | Sanlam General Insurance Limited has sued Katuma Tours and Travel Limited for alleged failure to pay more than 55 million shillings for comprehensive insurance provided for their vehicles. Sanlam provided comprehensive insurance for the Travel company’s motor vehicles between 2017 and 2019. But the …

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HEALTH: Why NSSF wants raise from 15% to 17%

➡ #NSSF Propsals on #NationalHealthInsuranceBill2019 ✳ Employers extra 1% contribution for health ✳ Employees extra 1% for health ✳ Total contributions move from 15% to 17% ✳ Money to build, stock & equip Health Centres ✳ New 1% charge on minimum wage of shs130,000 Kampala, Uganda | THE INDEPENDENT | …

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