By Mulengera Reporters
In a major step to ease financial burdens during medical emergencies, Equity Bank Uganda, in partnership with Liberty Life Assurance, has launched an affordable hospital cash insurance plan called Equi-Life.
For as little as UGX 3,000 per month, customers can secure UGX 50,000 per day for up to 20 days of hospitalization. The plan also includes a funeral expense cover of up to UGX 3,000,000, a new product aiming to protect families from unexpected medical costs, allowing them to focus on recovery rather than financial stress.
“We know that hospital bills can shake a family’s finances, especially for those in the informal sector,” said Equity Bank Managing Director, Gift Shoko. “With Equi-Life, our customers can have peace of mind knowing that they have a financial cushion when they need it most.”
Joseph Alimeida, Managing Director of Liberty Life Assurance, echoed this sentiment, saying, “This partnership ensures that even the undeserved can access meaningful insurance benefits when life throws them a curveball.”
Equi-Life is designed for small business owners, informal workers, and low-income earners, offering them much-needed relief after hospitalization. The insurance also includes a death benefit, ensuring families have financial support during difficult times.
With the rising cost of healthcare, Equity Bank and Liberty Life Assurance believe this initiative will be a game-changer.
Signing up is simple, and customers can enroll at any EquiDuuka agent or Equity Bank branch by filling out a short form. Monthly payments can be made at any Equity Bank agent point.
The saying goes, a stitch in time saves nine, and with Equi-Life, a small contribution today can save families from financial distress tomorrow. (For comments on this story, get back to us on 0705579994 [WhatsApp line], 0779411734 & 041 4674611 or email us at mulengeranews@gmail.com).
