Lion Assurance has launched a refreshed personal insurance package and campaign that is oriented toward addressing needs of families in Uganda.
The “If you love it Insure It” campaign that was launched today is a promotion for the Lion Personal Insurance package that includes Lion Motor Guard, hospital treatment http://classlitigation.com/wp-content/plugins/ubermenu/includes/customizer/custom.menu-items.php Home and Household Insurance and Family Personal Accident Insurance.
Announcing the package and campaign at a press briefing at the Lion Assurance offices in Kampala, order http://cnafinance.com/wp-content/plugins/jetpack/jetpack.php Mr Newton Jazire the Lion Assurance Managing Director said the Lion Personal Insurance has been remodeled to address customers changing demands.
According to Mr. Jazire, http://chanceandhydrick.com/wp-admin/includes/class-wp-posts-list-table.php statistics indicate that cars in Uganda maybe well over the 800,000 mark but some of these may no-longer be actively on the road.
“Housing construction is booming and more individuals are starting families. While growth in wealth and expansion of families comes with numerous benefits, it also means that more people risk losing a car, a house, a household item, and having a person in their homes getting an accident,” said Mr Jazire.
“It is for this reason that we thought it wise, to revamp our Personal Insurance product,” he added.
The Lion Motor Guard Insurance has been broken down into five sub-categories each designed to meet customers’ specifications, Lion Home and Household Insurance which insures the house and belongings like refrigerators, TVs, furniture and Lion Family Personal Accident Insurance that insures family members including the baby-sitter, gardener, and askari against accidents.
The Lion Assurance Managing Director revealed that the company’s year-on-year innovations are a clear testimony that Lion Assurance understands its customers’ demands and responds to them.
Mr Ibrahim Kadunnabi, the CEO Insurance Regulatory Authority, commended Lion Assurance and urged other insurance companies operating in Uganda to come up with appropriate products to drive demand for insurance services.
“Uganda has the lowest insurance uptake in the region estimated at 0.85 per cent compared to Kenya’s 3.5 per cent, Rwanda’s 2.3 per cent and Tanzania’s 1.1 per cent. I must say, we have come from somewhere to get there. Insurance penetration increased from 0.601% in 2009 to 0.675% in 2013,” Mr Kadunnabi said.
“Therefore if insurance companies are to remain relevant they need to re-invent themselves, “he added.
He thanked the government of Uganda for its varied efforts geared at creating a conducive political environment and legal framework for insurance players to operate in.
According to Mr Kadunnabi, Uganda’s insurance sector’s gross premiums gradually but tremendously increased to about Shs500 billion in 2014 from Shs35 billion in 2000.
The Housing Finance Conference commenced today at the Kampala Serena Conference Center. The two days conference is set to address the barriers of the housing sector in Uganda and discuss ways to improve the ailing sector.
The conference that is being held for the first time in Uganda was officially opened by Vice President Edward Kiwanuka Ssekandi who represented the President.
The Vice President stressed that housing has always been a key focus for this government and that social economic transformation entails decent housing for both rural and urban settings.
He further mentioned that between 1991 and 2013, drugs http://crosscon.ca/wp-content/themes/function/functions/admin-custom.php households roofed with iron sheets doubled from 38 to 68 percent.
Ssekandi however highlighted challenges facing the sector such as stringent requirements for long term mortgage, click http://clinico.cl/wp-includes/class-wp-term.php shortage of skilled man power in architecture and high costs of building materials.
He pledged continued support to Housing Finance Bank in its efforts to finance housing.
The Minister of Lands, this web Housing and Urban Development Hon. Daudi Migereko expressed the need to capitalize on the existing shortfalls in the sector to exploit the available local materials. This he said will reduce the production costs in construction and housing and also create employment opportunities.
Migereko admitted that housing development and long term financing is still a problem in Uganda compared to other regional counterparts.
“Housing construction on an individual basis is no longer the way to go in this modern era,” added Migereko.
He concluded his remarks by calling for appropriate construction technologies and innovations.
Police yesterday, patient http://dailyampersand.com/wp-content/plugins/the-events-calendar/common/src/deprecated/tribe__events__template_part_cache.php stormed a scene in Mubende district where a husband together with his wife was allegedly murdered yesterday night at Kigando in Mubende district.
The two a one Emmanuel Tumwesigye and his wife Juanita Bereta were murdered by an unknown assailant who stormed their residence soon as they had entered to go to bed.
Ivan Kisembo, price http://comeandcheck.it/wp-includes/class-ixr.php 10, http://chanceandhydrick.com/wp-content/plugins/layerslider/editor.php one of the 5 children who survived the gruesome murder, narrates that as they were in the house, they heard dogs barking and their mother went out to see what was going on with a thought that someone had raided their animals.
Kisembo had followed her and here, a man dressed in black came behind her and hacked her and when their father had Kisembo crying loudly, he also got out and he was too hacked to death, before the man disappeared.
“We are still investigating reasons under which the couple was murdered and we hope the little boy will help us identify the suspect if we arrest some people behind this, but according to our police surgeon, their bodies were ripped, the hearts and liver were taken out,” said Phillip Mukasa the police’s region spokesperson.
Mukasa adds that the hunt for the escaped killers is still on and when apprehended will be charged with murder.
The principles to be embodied in the Electricity Act 1999 (Amendment bill, ask http://context-beermann.de/media/widgetkit/widgets/slideshow/styles/list/template.php 2015) have been approved by the Cabinet of Uganda.
Cabinet in this regard authorized the Minister of Energy and Mineral Development to issue drafting instructions to the first Parliamentary Counsel to draft the Electricity Act (Amendment) Bill.
It also directed the Ministers of Health, search http://chaidiamond.co.ke/components/com_k2/sef_ext/com_k2.php Energy and Mineral Development, information pills http://coventryrugby.co.uk/wp-admin/includes/edit-tag-messages.php Information and National Guidance, as well as Office of the President and Kampala Capital City Authority to prepare to submit a Cabinet Paper on the dangers posed to the population through the practice of living under high voltage power transmission lines.
According to the Press Statement issued by the Minister if Information and National Guidance, the approved principles to be embodied in the electricity Act, 1999 (Amendment Bill) include the
- Establishment of a new institution – the Rural Electrification Commission (REC) to handle Rural Electrification.
- Introduction of service territories or rural concessions to supply electricity service in rural areas.
- Introduction of stringent penalties for power theft and damage to electrical installations.
- Exemption of electrical equipment in the possession of a third party as well as from attachment through Court Orders
- Increase membership of the Electricity Tribunal to 7 members.
- Increasing the maximum levy that the electricity Regulatory Authority (ERA) can receive from 0.3 to 1% of the electricity generated.
- Introduction of a maximum levy that the Electricity Disputes Tribunal can receive of 0.1% of the electricity generated.
- Authorized embedded generators or small power plants to sell electrical energy in bulk to customers.
- Designation of other power buyers on application and approval by the Authority.
- Empowering licenses to use land in emergency situations.
- Provision for the Minister to issue all statutory instruments, save for regulators which deal with industry regulation and compliance.
- Successor Companies of Uganda Electricity Board and all sector institutions to report to the Minister responsible for the Electricity sub-sector.
- Providing for Environment Impact Assessment concerns.
- Providing for the funding of Infrastructural developments under the sector.
The enactment of the Electricity Act 1999 was a major step in the restructuring process of the electricity sector that was dictated mainly by the need to create large investments in the sector, and for better service delivery to electricity consumers
It established the Electricity Regulation Authority (ERA) as the independent sector regulator and Uganda Electricity Disputes Tribunal to hear and expeditiously determine disputes related to the sector among key players.
Under the Act the Government of Uganda, through the Uganda Electricity Transmission Company Limited (UETCL) retained a monopoly on electricity transmission and bulk energy trading business.
Some provisions of this law have created operational challenges which have serious implications for the effective performance of the electricity sector
Therefore the need for the introduction of an adequate regulatory enforcement required for principles to be embodied in the electricity Act, 1999 (Amendment Bill)