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Diamond trust bank granted Bancassurance licence
The licence means that Diamond trust bank can now freely offer insurance policies to its customers and the public.

The Insurance Regulatory Authority (IRA) has today formally handed over a bancassurance licence to diamond trust bank.

 

The licence means that Diamond trust bank can now freely offer insurance policies to its customers and the public. 

 

The chief executive officer IRA Ibrahim Kadunabbi Lubega says, bancassurance will not only ease accessibility but stimulate penetration of insurance services in the country.

 

Diamond trust bank also becomes the 6th commercial bank in Uganda to be issued a bancassurance licence. 

 

The Insurance Regulatory Authority has also licensed Bank of Africa, Barclays Bank, Finance Trust Bank, NC Bank and Stanbic Bank to start selling insurance products and provide insurance services to clients.