Dear Ugandans, when do you need insurance – now or later?

Here is a widely held perception among many Ugandans, that apart from the mandatory Third-Party insurance cover for vehicles, buying insurance is a luxury they cannot afford or should not indulge in.

That said it is better not to think of insurance as a ‘now’ thing like for instance buying airtime for instant use. Instead, think of insurance as a ‘later’ thing. According to a recent joint survey carried out by Bank of Uganda, aBi and Financial Sector Deepening Uganda, during 2023 nine out of every 10 Ugandans were faced by an unexpected event which resulted in unexpected…