Centenary Bank in partnership with Prudential Assurance Uganda Limited have launched a Funeral Cover that is designed to help customers in the Diaspora return their loved ones back home in case of death.

Speaking at the launch of the Diaspora Funeral Cover in Kampala on Wednesday, Mr Fabian Kasi, the managing director of Centenary Bank, said most of the bank’s customers in the diaspora have been suffering whenever they lose a loved one.

He explained that under the funeral cover, the bank will cover its customers in the diaspora and their families, and in case of death, provide transportation back to Uganda for their loved ones and accord them a decent send-off.

“For a long time, Ugandans living and working in the diaspora have encountered trying times whenever there is a need to transport their loved ones back home to accord them a decent send-off. This cover is our way of standing with our clients in the diaspora to ensure their dignity is preserved even when they leave this life on earth,” he noted.

The Diaspora Funeral cover is underwritten by Prudential, is specifically tailored for Ugandans in the diaspora. Customers can sign up for their preferred package at their convenience, using their mobile phones.

 In his remarks, the CEO Prudential Eastern and Central Africa, Arjun Mallik, expressed his gratitude and enthusiasm to work with Centenary Bank in delivering this cover.

“At Prudential, our purpose is to help people make the most out of life. Today, we have over 17 million customers worldwide, served across Africa through a distribution network of more than 13,000 agents and 600 bank branches,” he said.

“We are honoured to partner with Centenary bank to help our customers living in the diaspora minimise the high costs that come with transporting their loved ones and offering them a decent send off in the unfortunate loss of a life. We are happy to be the insurer that makes this possible for our brothers and sisters living and working abroad, in partnership with Centenary Bank,” he added.

The Diaspora Funeral Cover offers three different packages under Bronze, Silver and Gold to suit the customers’ needs.

Annual subscription for this cover starts from as low as 19 dollars and covers the customer, spouse, children and parents.

Existing CenteDiaspora Account holders can sign up for the cover from the Centenary Bank website on the CenteDiaspora Savings Account page.

New customers can sign up for the policy after opening an Account using the CenteOn the Go feature on the CenteMobile App.