Innovative flexible payment plan to bolster uptake of motor comprehensive insurance

UAP Old Mutual Insurance Uganda has introduced a groundbreaking monthly payment plan for motor comprehensive insurance, aimed at increasing accessibility and affordability for vehicle owners.

According to Nancy Ashaba, Underwriting Manager at UAP Old Mutual Insurance Uganda, the new payment plan is designed to provide customers with a more flexible and affordable way to pay for their premiums. “Our innovative monthly instalment plan makes comprehensive insurance more accessible and affordable, providing financial protection and peace of mind for vehicle owners.”

Motor comprehensive insurance is a vital protection for vehicle owners, covering accidental damage, theft, and third-party liabilities. Despite its importance, many vehicle owners in Uganda opt for third-party insurance due to misconceptions about the cost and benefits of comprehensive insurance.

UAP Old Mutual’s innovative payment plan addresses these concerns by offering affordable monthly instalments, making comprehensive insurance more accessible and affordable for vehicle owners. The plan allows customers to pay annual premiums in monthly instalments, making it easier to budget and manage finances. “The monthly instalment payment plan has been introduced to make motor comprehensive insurance more affordable and accessible. Customers can now enjoy better benefits and peace of mind, by paying for their comprehensive insurance in manageable monthly instalments, aligning with their budget and financial preferences.”

Ashaba anticipates that the monthly payment plan will significantly improve customer experience and satisfaction, providing financial protection and peace of mind for vehicle owners.

She also foresees the insurance industry evolving with technological advancements and increasing demand for digital services, and UAP Old Mutual Insurance is committed to innovating and expanding its offerings to meet these changing needs.