BY DAVID ISABIRYE
Diamond Trust Bank Uganda – DTBU and UAP Old Mutual Insurance Uganda entered a partnership to deliver general and medical insurance products and services to customers.
The Partnership makes DTB a one stop centre for both banking and insurance services in the two partner companies quest to drive insurance deepening and inclusion.
The partnership presents insurance services that provide extensive coverage to safeguard customers’ interests at personal, business and corporate levels.
Some of the products and services to be promoted and offered through DTB Uganda Outlets include Motor Comprehensive Insurance, Medical Insurnace, Travel Insurance, Domestic Package for homes among others. The products will be tailored on customer centric needs hence the variation of premiums based on coverage.
Speaking at the signing ceremony of the Partnerhsip Agreement in Kampala, DTB’s Managing Director, Varghese Thambi said the collaboration marks a milestone in DTB’s commitment to addressing the evolving needs of its clientele and improving their financial well-being.
“Our decision to enter this partnership comes from our dedication to addressing the evolving needs of our customers. UAP Old Mutual’s products align with Diamond Trust Bank’s commitment to offer a holistic financial portfolio to customers” said Varghese.
Caroline Owomuhangi, Marketing and Communications Specialist at UAP Old Mutual Insurance mentioned that this collaboration represents a shared commitment to delivering value and convenience to customers.
“ As an integrated financial solutions organization with asset management, life assurance, medical and general insurance, we are committed to become our customer’s first choice to sustain, grow and protect their prosperity by offering solutions that meet their needs throughout their lifetime. This partnership represents a significant milestone for us and is strategically aligned with that commitment” said Owomuhangi.
The leaders, both regional giants urged Ugandans to embrace insurance products and services. Insurance has been proven as cornerstone for business and economic stability as it overs and saves clientele risks of loosing investments. General Insurance products to be sold under their partnership come with innovative coverage options, customer-centric policy terms, and streamlined claims processes to enhance the overall customer experience.
The bancassurnace partnership between DTB and UAP Old Mutual Insurance is instrumental in offering customers the convenience of accessing both services seamlessly.
About Old Mutual Insurance Uganda:
UAP Old Mutual is a subsidiary of Old Mutual Limited based in South Africa which has been in operation for over 178 years and is in 13 African countries including China.
UAP Old Mutual is an integrated financial services provider with solutions such as asset management, life, medical and general insurance.
UAP Old Mutual’s purpose is ‘transforming lifes and enabling financial goals by keeping our promise’.
About Diamond Trust Bank Uganda:
Diamond Trust Bank Uganda – DTB is an affiliate of the Diamond Trust Bank Group a member of the Aga Khan Development Network.
DTB operates in Kenya, Tanzania, Burundi and Uganda.
The bank has a network of over 300 branches in the region and 36 branches in Uganda supported by 54 ATMs, over 1000 Agent banking locations and 900 POS merchants.
