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COVID19: Sanlam Makes UGX475 Million Payout to its Individual Life Clients

Insurance firm; Sanlam Uganda has this afternoon announced it will be paying out over UGX475 million to its individual life clients in the form of cash back against premiums paid on their policies. This is to help kick-start its clients’ lives following the disruptions caused by the COVID-19 pandemic.

As the global pandemic continues to wreak havoc across the world, it has not only claimed over 300,000 lives, but also many businesses. Small and Medium-sized Enterprises (SMEs) in particular have suffered in the process, affecting the livelihoods of many families during the lockdown. The country’s lockdown is being relaxed as of today.

“We cannot have a successful Sanlam in a struggling Ugandan economy, which is why we are making half a billion shillings available to some of our customers to provide hope as life returns to normal,” said Mr. Nicholas Lutakome, the Ag. Chief Executive Officer of Sanlam Life Insurance (U) Ltd.

Nicholas Lutakome, the Ag. Chief Executive Officer of Sanlam Life Insurance (U) Ltd.

On April 14th, 2020 Sanlam donated UGX285 million through the national task force to flatten the curve and assist the Ministry of Health in the fight against COVID-19 through the purchase of protective wear for the country’s frontline health workers, which may include face masks, face shields and PVC aprons.

“We are celebrating 10 years of operations in Uganda this year and are planning to be around for much longer,” said Lutakome. “It’s in times like these that an insurance company needs to move closer to its clients to offer a helping hand towards the recovery of the economy. We want to urge the public to exercise the necessary caution and stay safe.’

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