Life can be defined as a continual change that precedes death. In life, it is always good to take care of your loved ones and have them safeguarded when you are gone with a strong Insurance policy as Insurance beneficiaries. Insurance Regulatory Authority of Uganda (IRA) is tasked with establishing standards and ensuring strict compliance with the provision of the Act and Regulations of all companies connected with Insurance business.
The Authority early this year licensed 88 firms to transact insurance business this year, with seven new companies entering the market. At least 21 firms have received licenses for non-life insurance businesses while eight firms received for life insurance most of which have either Kenyan or South African based.
So if you thinking of a life insurance cover in Uganda sometime soon? No worries Techjaja brings you a list of the 8 licensed life insurance companies online in Uganda.
ICEA Life Assurance Co. Ltd
About:
This is a subsidiary of the ICEA LION Insurance Holdings Limited, which was formed as a result of a merger between Insurance Company of East Africa Limited (ICEA) and Lion of Kenya Insurance Company Limited (LOK) in 2011. The merger resulted in the creation of one of the largest insurance groups in the region, with well established insurance operations in Kenya, Uganda and Tanzania.
Location & Address:
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1st Floor, Rwenzori Courts, Nakasero Road.
P.O. Box 37834 Kampala
Tel. 0414-347535/4232337/4250719/4260645/
717-706710/0759-232337
Fax 0414-347534
E-mail: icea@africaonline.co.ug
Website: www.icea.co.ug
The Jubilee Life Insurance Co. of Uganda
About
Jubilee Insurance has it’s roots in Kenya and has branches throughout the East African Region offering a wide range of insurance products and services to individuals and corporate clientele. After 75 years the company has it’s presence in Kenya, Uganda, Tanzania, Pakistan and Mauritius
Location & Address
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Plot 14, Parliament Avenue
Jubilee Insurance Centre, West Podium
P.O. Box 7122
KAMPALA
Tel. 041-4311702/1/0312-260899
Fax 0414-258539/347787
E-mail: jicug@jubileeuganda.com
Website` : www.jubileeinsurance.com
Liberty Life Assurance Co Ltd
About:
This is a South African based firm and offers financial services in 14 countries across the African continent including Uganda. They provide investment, insurance and health offerings to individuals and businesses.
Location & Address:
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Investment House 2nd Floor
Plot No. 1 Dundas Road Kololo
P. O. Box 22938
KAMPALA
Tel. 0414-254708/0414-233794
Fax 0414-232903
Email: liberty@stanbic.com
Website: www.liberty.co.za
NIC Life Assurance Co. Ltd
About:
National Insurance Corporation Limited (NIC) is owned by Industrial and General Insurance Company Limited (IGI) of Nigeria with 60% of its shares in NIC. The other 40% government interest in NIC was fully divested through a public offering of shares. NIC offers insurance and risk management services in Uganda.
Location & Address:
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Plot 3 Pilkington Road
NIC Building
P. O. Box 7134
KAMPALA
Tel. 0414-258001/5/0312-258001
Fax 0414-259925
Email: nic@nic.co.ug
Website: www.nic.co.ug
Sanlam Life Insurance Co. Ltd
About:
Sanlam’s vision is to be the leader in wealth creation and protection in South Africa, leading that process in emerging markets and playing a niche role in developed markets. The Sanlam Group has a direct presence in 11 African countries including Uganda, India, Malaysia and with niche businesses in certain developed markets.
Location & Address:
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Plot 3 Nakasero Hill Road
P O Box 25495
KAMPALA
Tel. 0417-726526
Fax 0417-726527
Email: info@sanlam.co.ug
Website: www.sanlam.co.ug
UAP Life Assurance Uganda Ltd
About:
UAP Holdings Limited is the pan-African Financial Services Company with a primary purpose of acting as a holding company for the various UAP businesses. The Group’s origins in Kenya and currently has a geographical footprint in six (6) countries namely Kenya, Uganda, South Sudan, Rwanda, Tanzania and Democratic Republic of Congo (DRC). The range of services and products have grown beyond General Insurance to include Life Assurance, Property Investments, Fund Management and related Financial Services such as insurance premium financing, financial advisory and securities brokerage.
Location & Address:
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Plot 3-5,Nakawa Business Park
Nakawa.
P.O. Box 7185
KAMPALA
Tel. 0414-332700, Direct
Fax 0414-256388
E-mail: uap@uapinsurance.co.ug
Website: www.uapinsurance.co.ug
CIC Africa Life Assurance Ltd
About:
While their website for Uganda is not yet ready, the Kenyan based CIC Africa Life Assurance ltd touts its self as the leading Micro Insurance provider offering General Insurance, Group life and Individual life Insurance. The company is also focusing to be a leader in the region and is targeting to expand operations in the East and Central parts of Africa such as South Sudan, Rwanda, and Tanzania.
Location & Address:
2nd Floor AHA Building.
Plot 7, Lourdel Road Kampala
P.O. Box 34975
KAMPALA
Tel. 0414-232604
Mob 0750903735
E-mail: cic@cic.co.ke
GoldStar Life Assurance Co. Ltd
About:
According to their about page, Goldstar Insurance Co. Ltd. entered into the insurance industry of Uganda in 1996 when it was braced with fierce competition amongst the existing players. It’s one of those few Insurance companies with a social media presence on with a Facebook Page with over 100 likes.
Location & Address:
Plot 24/26, Kampala Road
Kampala Boulevard, Level 2
P.O. Box 3673
KAMPALA
Tel. 0414-250110/1/0414-343704
Fax 0414-254956
E-mail: goldstar@goldstarinsurance.com
Website:http://www.goldstarinsurance.com
