• MOTOR INSURANCE
    MOTOR INSURANCE

     

    This policy would cover your motor vehicles against the risks of fire, theft and accidental damage. The policy would also cover third party liability as per Statute plus an extension to cover property damage,

  • FIRES & SPECIAL PERILS
    FIRES & SPECIAL PERILS

     

    Your buildings and contents therein could be insured under a fire and special perils policy to cover the risks of accidental fires by whatever nature plus damage to the same as a result of riots,

  • WORKERS COMPENSATION
    WORKERS COMPENSATION

     

    All categories of employees are covered in event of accidental death or bodily injury/disease during the course of their employment.

  • MARINE CARGO INSURANCE

     

    We provide cover against problems that arise, whilst on sea or air which include fire, theft, collision, and a wide range of problems that may cause damage, loss or education to your goods/cargo.

SWICO WINS KACITA AWARD.At the just concluded annual Kampala City Traders’ Association [KACITA] awards, an independent survey was conducted from among the general public and consumers to gauge the public perception and preferences of various goods and services which include consumables, food and beverages and services including insurance and banking, SWICO emerged the best in the insurance category.

The award was announced at a function presided over by the Hon. Amelia Kyambadde the minister for Trade and Commerce.

SWICO wishes to take this opportunity to thank all our clients and the general public for standing by us and recognizing us the best provider of insurance services. We are truly grateful for the support and pledge to continue serving you with dedication. This achievement would not have been possible without your support.

 9 life insurance benefits Ugandans need to know about

 

Life Insurance provides the dual benefits of savings and security. The following benefits explain why this investment tool should be an integral part of your financial plans.

 

  1. Protection against rising health expenses Life Insurers through riders or standalone health insurance plansoffer the benefits of protection against critical diseases and hospitalization expenses. This benefit has assumed critical importance given the increasing incidence of lifestyle diseases and escalating medical costs.
  2. Builds the habit of thrift – Life Insurance is a long-term contract whereas as a policyholder, you have to pay a fixed amount at a defined periodicity. This builds the habit of long-term savings. Regular savings over a long period ensures that a decent corpus is built to meet financial needs at various life stages.
  3. Safe and profitable long-term investment – Life Insurance is a highly regulated sector. IRA of Uganda, the regulatory body, through various rules and regulations ensures that the safety of the policyholder’s money is the primary responsibility of all stakeholders. Life Insurance being a long-term savings instrument, also ensures that the life insurers focus on returns over a long-term and do not take risky investment decisions for short term gains.
  4. Assured income through annuities – Life Insurance is one of the best instruments for retirement planning. The money saved during the earning life span is utilized to provide a steady source of income during the retired phase of life.
  5. Protection plus savings over a long term – Since traditional policies are viewed both by the distributors as well as the customers as a long term commitment; these policies help the policyholders meet the dual need of protection and long term wealth creation efficiently.
  6. Growth through dividends – Traditional policies offer an opportunity to participate in the economic growth without taking the investment risk. The investment income is distributed among the policyholders through annual announcement of dividends/bonus.
  7. Facility of loans without affecting the policy benefits – A Policyholder has the option of taking loan against the policy. This helps you meet your unplanned life stage needs without adversely affecting the benefits of the policy they have bought.
  8. Risk Cover – Life in Uganda today is full of uncertainties; in this scenario Life Insurance ensures that your loved ones continue to enjoy a good quality of life against any unforeseen event.
  9. Planning for life stage needs – Life Insurance not only provides for financial support in the event of untimely death but also acts as a long term investment. You can meet your goals, be it your children’s education, their marriage, building your dream home or planning a relaxed retired life, according to your life stage and risk appetite. Traditional life insurance policies i.e. traditional endowment plans, offer in-built guarantees and defined maturity benefits through variety of product options such as Money Back, Guaranteed Cash Values, Guaranteed Maturity Values.

Page 3 of 3

English French German Italian Portuguese Russian Spanish
© 2015 Your Company. All Rights Reserved. Designed By JoomShaper

Please publish modules in offcanvas position.