Airtel Cellular Commerce Uganda Restricted has partnered with Prudential Assurance Uganda and insurtech Turaco to supply ‘Hospital Sente’, a low-cost hospital money insurance coverage product with Funeral Advantages, geared toward growing entry to insurance coverage for underserved communities, and low-income people and households.
The duvet seeks to ease Airtel’s prospects’ monetary burden related to hospital admissions and loss of life. Hospital Sente provides beneficiaries with a money pay-out if they’re hospitalised. It’s designed to supply reasonably priced protection for unserved people and households conveniently by Airtel’s Cellular cash platform .
The product which is underwritten by Prudential Uganda is obtainable by Airtel Cash powered by Turaco, a micro-insuretech that’s altering the face of micro-insurance in Uganda.
“We’re excited to companion with Prudential Uganda to supply this modern and reasonably priced insurance coverage product to our prospects,” mentioned Airtel Cellular Commerce Managing Director, Japheth Aritho. “We consider that this partnership will assist enhance entry to insurance coverage for low-income households and assist defend households towards surprising occasions.”
“We’re proud to companion with Airtel Cellular Commerce Uganda Restricted (AMCUL) to convey this vital product to the Ugandan market,” mentioned Prudential Uganda CEO, Tetteh Ayitevie. “We consider that this partnership will assist us attain extra prospects and supply them with the monetary safety they want.”
Hamza Mutebi, Normal Supervisor, Turaco mentioned: “Most Ugandans immediately stay unreached by mainstream insurance coverage, all whereas being probably the most susceptible to monetary shocks attributable to sickness, accidents and loss of life. Strategic partnerships like these stay vital to enabling underserved Ugandans entry to reasonably priced insurance coverage that gives a security internet of their instances of want and finally peace of thoughts. I thank Airtel Cash and Prudential for becoming a member of us in driving mass market insurance coverage adoption in Uganda”.
Hospital Sente provides hospital money pay out to beneficiaries upon inpatient hospitalization at any accredited hospital. This profit is paid for as much as 10 nights inside a coverage 12 months. It additionally provides a funeral profit which offers cowl to the member on loss of life on account of pure or unintended causes. This profit is payable to member’s nominated Subsequent of Kin.
The product is available in three reasonably priced plans:
The Platinum plan comes with a funeral good thing about UGX 4Million, hospital money pay-out of UGX 100,000 per night time of admission at a premium of solely UGX 5000 each month. The Gold plan offers a funeral good thing about UGX 2Million, hospital money pay-out of UGX 60,000 per night time at a month-to-month premium of solely UGX 3000. The Silver plan provides a funeral plan of UGX 1Million, and a hospital money pay-out of UGX 40,00 per night time of hospitalization at a month-to-month premium of UGX 1000.
Hospital Sente is out there to all Airtel Cash prospects by dialling *185*7*6