Airtel Mobile Commerce Uganda Limited (AMCUL) has announced a strategic partnership with Prudential Assurance Uganda Limited and insurtech Turaco Insurance Brokers LTD to provide ‘Hospital Sente’, a low-cost hospital cash insurance product with Funeral Benefits, aimed at increasing access to insurance for underserved communities, and low-income individuals and families.
The cover aims to ease Airtel Money customers’ financial burden associated with hospital admissions and death.
Speaking during the launch at Protea Hotel, Kololo on Tuesday, Turaco General Manager Hamza Mutebi said Hospital Sente offers beneficiaries a cash pay-out as high as Shs100,000 per day if they are hospitalised at only Shs5,000 a month.
“Most Ugandans remain unreached by mainstream insurance, yet they are vulnerable to financial shocks caused by illness, accidents and death. partnerships like these remain critical to enabling underserved Ugandans to access affordable insurance,” he said.
Hospital Sente offers hospital cash payout to beneficiaries upon inpatient hospitalization at any accredited hospital.
This benefit is paid for up to 10 nights within a policy year. It also offers a funeral benefit which provides cover to the member on death due to natural or accidental causes.
This benefit is payable to the member’s nominated Next of Kin.
The product which is underwritten by Prudential Uganda is offered through Airtel Money powered by Turaco, a micro-insure tech that is changing the face of micro-insurance in Uganda.
Speaking at the launch, the Managing Director of Airtel Mobile Commerce Uganda Limited (AMCUL), Japhet Aritho, expressed his excitement about the partnership with Prudential Uganda and Turaco saying it will help improve access to Insurance.
“We believe that this partnership will help increase access to insurance for low-income households and help protect families against unexpected events,” he said.
“We are proud to partner with Airtel Mobile Commerce Uganda Limited (AMCUL) to bring this important product to the Ugandan market,” said Prudential Uganda CEO, Tetteh Ayitevie.
“We believe that this partnership will help us reach more customers and provide them with the financial protection they need.”
Hospital Sente comes in three affordable plans:
The Platinum plan comes with a funeral benefit of UGX 4Million, a hospital cash pay-out of UGX 100,000 per night of admission at a premium of only UGX 5000 every month.
The Gold plan provides a funeral benefit of UGX 2Million, a hospital cash pay-out of UGX 60,000 per night at a monthly premium of only UGX 3000.
The Silver plan offers a funeral plan of UGX 1Million, and a hospital cash pay-out of UGX 40,00 per night of hospitalization at a monthly premium of UGX 1000.
#HospitalSente is available to all Airtel Money customers. Simply dial*185*7*6#.