The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | For just Shs6000 a month or Shs72,000 a year, Ugandans who use SafeBoda as a means of transport will be assured of up to Shs1million in insurance cover, in case of an accident, thanks to a new partnership with Liberty Insurance a member of the Standard Bank Group which operates in Uganda.
In case of damaged goods being delivered by a SafeBoda rider, permanent disability or death arising from an accident, the client would be entitled to Shs2.5 million on the annual premium of Shs72,000 paid directly through the SafeBoda App at once or in monthly installments of Shs6,000.
Launched on Sept.4 in Kampala, the “Plus Ride” innovative mass insurance product has been designed to cover both the SafeBoda riders and the passengers. However, SafeBoda riders will also be paid a daily compensation of Shs50,000 for up to 15 days if they are unable to go to work as they undergo treatment for 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 traveling 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.’’
Sam Mwogeza, the Executive Head of Personal and Private Banking at Stanbic Bank Uganda said, “Investing in insurance will enable our clients to 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 Tafumbe, Country Director of SafeBoda, shared her enthusiasm for the collaboration, saying safety has always been at the heart of SafeBoda mission and that the new product comes in handy.
