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Airtel Money Partners Prudential Uganda, Turaco to Launch Health Insurance Product



Airtel Money Partners Prudential Uganda, Turaco to Launch Health Insurance Product
Japheth Aritho(c), Airtel Mobile Commerce Managing Director, Tetteh Ayitevie (2nd R), Prudential Uganda CEO, Hamza Mutebi(2nd L), General Manager Turaco with regulators from Bank of Uganda and The Insurance Regulatory Authority of Uganda at the Launch of ‘Hospital Sente’, aimed at increasing access to insurance for underserved communities, and low-income individuals and families (PHOTO/Courtesy)

By Rosemary Iwuala

Airtel Mobile Commerce Uganda Limited (AMCUL) has today announced a strategic partnership with Prudential Assurance Uganda Limited and Turaco Insurance Brokers Limited for the launch of ‘Hospital Sente’.

Hospital Sente is a low-cost hospital cash insurance product with funeral benefits to increase access to insurance for underserved communities and low-income individuals and families.

The product which is underwritten by Prudential Uganda is offered through Airtel Money powered by Turaco, a micro-insurtech startup that is changing the face of micro-insurance in Uganda.

Through this partnership, Turaco’s insurance solutions will be able to reach 8 million Uganda Airtel money customers, with health insurance.

This cover aims to ease Airtel’s customers’ financial burden associated with hospital admissions and death. Hospital Sente offers beneficiaries a cash pay-out if they are hospitalised.

It is designed to provide affordable coverage for unserved individuals and families conveniently through Airtel’s Mobile money platform by dialling *185*7*6#.

Japheth Aritho, Airtel Mobile Commerce Managing Director said, “We are excited to partner with Prudential Uganda to offer this innovative and affordable insurance product to our customers and we believe that this partnership will help increase access to insurance for low-income households and help protect families against unexpected events.”

On his own part, Tetteh Ayitevie, Prudential Uganda CEO said, “We are proud to partner with Airtel Mobile Commerce Uganda Limited (AMCUL) to bring this important product to the Ugandan market and we believe that this partnership will help us reach more customers and provide them with the financial protection they need.”

Also speaking, Hamza Mutebi, General Manager, Turaco said: “Most Ugandans today remain unreached by mainstream insurance, while being the most vulnerable to financial shocks caused by illness, accidents and death.”

“Strategic partnerships like these remain critical to enabling underserved Ugandans access to affordable insurance that provides a safety net in their times of need and ultimately peace of mind. I thank Airtel Money and Prudential for joining us in driving mass market insurance adoption in Uganda,” he added.

Hospital Sente offers hospital cash payout to beneficiaries upon inpatient hospitalization at any accredited hospital. This benefit is paid for up to 10 nights within a policy year. It also offers a funeral benefit which provides cover to the member on death due to natural or accidental causes. This benefit is payable to member’s nominated Next of Kin.

The product has three affordable plans: Platinum with a premium of only UGX 5000 every month; Gold with a monthly premium of only UGX 3000 and Silver at a monthly premium of UGX 1000.

Hospital Sente is available to all Airtel Money customers. For more information, customers can visit the Airtel Uganda website or contact customer service.

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