Kampala, Uganda – Centenary Bank Uganda has launched its Bancassurance service, providing customers with a convenient one-stop shop for accessing a wide range of insurance covers and advisory services.
In collaboration with reputable insurance partners, the bank aims to offer customers peace of mind and protection against various risks and uncertainties.
Understanding the importance of mitigating risks in life and business, Centenary Bank’s Bancassurance service aims to provide security and financial stability to individuals and businesses alike.
By offering insurance products alongside banking services, the bank aims to simplify the process and make insurance more accessible to its customers.
The advantages of this insurance package are numerous, according to information we have obtained from its website.
One of them is that it provides security against risks and uncertainties while instilling a regular savings habit.
With Centenary Bank’s Bancassurance service, customers can expect competitive premium quotations, customized and affordable insurance products, and professional advice from well-qualified staff to help them select the most suitable coverage.
The bank’s insurance covers are divided into two categories: Life Insurance and Non-Life Insurance. Under the Life Insurance category, Centenary Bank offers various options to cater to different needs. Individual Life Insurance covers a single person and aims to meet the financial needs of surviving spouses or family members in the event of the insured’s demise or disability.
Additionally, the bank provides specialized insurance plans such as Child Education Insurance, which ensures a secure future for children by combining a life insurance cover with opportunities for savings. Savings Insurance combines savings and life cover in a single plan, providing customers with the benefits of both. Funeral Insurance offers coverage for funeral expenses, ensuring a dignified and stress-free sendoff for loved ones. Family Protection Insurance, on the other hand, provides cash benefits to families in the event of the breadwinner’s death or total and permanent disability.
Centenary Bank’s Bancassurance service also encompasses Non-Life Insurance covers, with Medical Insurance being a notable offering. This comprehensive plan covers medical and surgical expenses for both outpatients and inpatients, including major and minor surgeries. By providing coverage for natural illnesses and accident-related injuries, the bank aims to support its customers’ healthcare needs.
With the launch of the Bancassurance service, Centenary Bank Uganda reinforces its commitment to offering holistic financial solutions to its customers. By combining banking and insurance services under one roof, the bank aims to simplify the insurance process, provide competitive premiums, and ensure a quick turnaround time for sign-up and claims processing. Customers can now spend more time enjoying life, knowing that Centenary Bank has got them covered.