By, Jonathan Bukenya
For just UGX 6000 a month or UGX 72,00 a year , Ugandans who use Safe Boda as am means of transport will be assured of up to UGX 1,000,000 IN INSURANCE COVER , IN CASE of an accident , thank to anew ship with Liberty Insurance –a member of the standard Bank Group which operates in Uganda as stanbic Bank.
In case of damaged goods being delivered by a safe Boda riders, permanent disability or death arising from an accident, the client would be entitled to Ugx 2,5 million on the annual premium of UGX 72, 000 paid directly through the safe Boda APP at once or in monthly installments of 6,000.
The pluse ride innovative mass insurance product has been designed to cover both the Safeboda riders and the passengers. However, the safeboda riders will also be paid a daily compensation of UGX 50,000 for up to 15 days if they are unable to go to work as they undergo treatment of injuries arising from an accident.
Peter Makhanu, managing Director of Liberty General Insurance Uganda limited said ‘’ The Liberty plus rides offer coverage to safeboda customers who have chosen this ride as well as the rider while travelling in the event of death , permanent total disability , medical bills, and for riders, it offers additional cover in the event they are unable to work after 48 hours.’’
He added, ‘’safe care pay as you go comprehensive insurance is a motor comprehensive cover uniquely designed to enable car owners to access comprehensive insurance on a monthly basis , unlike the known traditional annual covers. Your vehicle, passenger, and third party liabilities with agreed terms and conditions are fully covered at the time of purchase for as long as you paid premium for that specific month. The product is still in the regulatory sandbox, and we are glad to say Safe car is the first client to enjoy such a new experience’’.
Sam Mwogeza the executive Head of Personal and Private Banking at Stanbic Bank Uganda said, ‘’investing in insurance will enable our clients have a more assured personal finance development journey, allowing them to save more without worrying about the usual challenges of life such as spontaneous medical expenses.’’
Catherine Tulina Kafumbe, the country Director of safe boda, shared her enthusiasm for the collaboration, saying ‘’ safety has always been at the heart of safeboda’s mission.
The introduction of these insurance policies is a significant step towards the well –being of our drivers and passengers. We believe the initiative will elevate road safety standards across Uganda.’’
Wamambe Christine, the VP Payments and Driver well-being at safeboda, added; ‘’ Triple Cover solution and the car ‘’ As you Go’’ policy are testaments to our commitment to offering holistic protection. Our collaboration with Liberty Uganda aligns perfectly with our dedication to delivering meaningful value to our community.’’
