New insurance market entrants Prudential Assurance Uganda Limited announced last week a 4% bonus to be paid out to their customers’ sum assured, for the year 2016.
A sum assured is a guaranteed amount paid at maturity or any other claimable event
The bonus according to Prudential, applies to their products; Pru Lifesaver, Pru Lifeplus and Pru EduSave.
Prudential says it invests money in carefully chosen assets on behalf of customers, who receive a share of the profits as a bonus each year, provided they pay their premiums regularly.
Arjun Mallik, Chief Executive Officer Prudential Uganda, said: “As a business, we are focussed on helping our customers achieve their goals – be it saving for their children’s education through Pru Edusave or building a nest egg for the future and we will always deliver on promise.
“I urge all customers to pay premiums in time to ensure the financial future of their loved ones is always protected” He added
This bonus will be awarded to all policyholders whose policies were active on their policy anniversary in 2016.