Officials launch the solution in Kampala on June 16
By Our Reporter
Stanbic Bank Uganda and Prudential Assurance Uganda have enhanced their Stanbic Medi-Protect health insurance solution, introducing broader medical benefits, higher coverage limits and a new low-cost inpatient-only option aimed at making health insurance more accessible to Ugandans.
The improved package comes at a time when health insurance penetration remains low in Uganda. Out of a population of more than 48 million people, only about 500,000 Ugandans currently have medical insurance coverage, leaving many households vulnerable to high healthcare costs and financial shocks caused by illness or hospitalization.
The enhanced Medi-Protect solution will be offered through Stanbic Bank’s branch network, relationship managers and digital banking channels.
Speaking at the launch in Kampala on June 16, Israel Arinaitwe, Head of Personal Banking at Stanbic Bank Uganda, said the upgraded product responds to growing demand for healthcare solutions that match the needs and financial realities of Ugandan families.
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Officials launch the solution in Kampala on June 16
By Our Reporter
Stanbic Bank Uganda and Prudential Assurance Uganda have enhanced their Stanbic Medi-Protect health insurance solution, introducing broader medical benefits, higher coverage limits and a new low-cost inpatient-only option aimed at making health insurance more accessible to Ugandans.
The improved package comes at a time when health insurance penetration remains low in Uganda. Out of a population of more than 48 million people, only about 500,000 Ugandans currently have medical insurance coverage, leaving many households vulnerable to high healthcare costs and financial shocks caused by illness or hospitalization.
The enhanced Medi-Protect solution will be offered through Stanbic Bank’s branch network, relationship managers and digital banking channels.
Speaking at the launch in Kampala on June 16, Israel Arinaitwe, Head of Personal Banking at Stanbic Bank Uganda, said the upgraded product responds to growing demand for healthcare solutions that match the needs and financial realities of Ugandan families.
“We continue to see increasing demand for affordable and relevant healthcare solutions. The enhanced Medi-Protect offering gives customers greater flexibility and choice by allowing them to select medical cover that aligns with their healthcare needs, family circumstances, and financial priorities,” he said.
Prudential Uganda Chief Executive Officer Tetteh Ayitevie said illness often creates both health and financial challenges for families.
“A serious illness often affects more than a person’s health. It can disrupt income and put pressure on everyday commitments like school fees and household expenses. These latest enhancements give customers more ways to manage those pressures, whether they are starting with hospitalization cover or looking for broader protection.
“We want health cover to be easier to understand and within reach for more people. By offering more flexible options, we honor our commitment to helping Ugandans protect both their health and financial wellbeing and enabling them to feel more prepared when the unexpected happens,” he said.
A key addition to the product is an inpatient-only cover option designed to provide protection against major hospitalization expenses at a lower cost. The package starts at Shs350,000 annually and offers hospitalization benefits of up to Shs100 million.
The cover also includes life insurance, critical illness protection, total permanent disability benefits, last expense support and school fees assistance for children in the event of the policyholder’s death.
The enhanced package further provides maternity benefits, dental and optical care, critical illness support, life cover and school fees support for up to four children.
According to Dogo Singh, Manager Bancassurance at Stanbic Bank Uganda, customers can now access inpatient and outpatient medical cover of up to Shs200 million under the Platinum Plus package.
“Healthcare costs continue to rise, yet many families remain financially vulnerable because they lack adequate medical insurance. Through the enhanced Stanbic Medi-Protect solution, we are making quality health cover more accessible, affordable, and convenient by leveraging Stanbic’s extensive branch network, relationship managers, and digital channels,” he said.
The solution is available under Individual Cover, Family Shared Cover and Inpatient-Only Cover categories. Individual plans offer benefits ranging from Shs30 million to Shs200 million, while the Family Shared Cover allows multiple family members to access healthcare benefits under a single policy, with no age restrictions on dependents.
Stanbic Bank and Prudential say the enhanced Medi-Protect solution is expected to increase insurance penetration, strengthen financial resilience and improve access to quality healthcare across Uganda.
