Boosting Insurance Uptake: Ugandans urged to plan ahead
One effective way to boost insurance uptake from the current 1% to around 10% is by encouraging individuals to create a practical financial plan. This involves setting aside a portion of their income for future needs. Sande Protazio, the Director of Strategy and Market Development at the Insurance Regulatory Authority of Uganda (IRA), says having a solid financial plan not only increases insurance uptake and appreciation but also promotes socioeconomic transformation.
