Life insurance pays your beneficiaries if you die during the policy term. It protects families from losing income.
Types
- Term life: affordable cover for a fixed period.
- Whole life: lifelong cover with a savings element.
- Education policies: save for children's school fees with life cover.
- Funeral and group life cover through employers.
How premiums are set
Age, health, cover amount, term and lifestyle factors like smoking.
Choosing
- Use insurers licensed by the Insurance Regulatory Authority of Uganda
- Read exclusions
- Name beneficiaries clearly
This is general information, not financial advice.
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