MTN Uganda and Sanlam Uganda have partnered to introduce Cover by MoMo, a groundbreaking mobile-based insurance product designed to provide affordable and accessible protection to Ugandans. This innovative product marks a significant step towards increasing financial inclusion and protection for individuals and families across the country.
The product, starting with Family Cover, allows users to purchase life and hospitalization cover for up to 6 family members from as low as UGX 500 per month. This affordable premium makes it possible for many Ugandans to protect themselves and their loved ones without breaking the bank.
One of the key features of Cover by MoMo is its ease of management. Users can easily manage their insurance through their mobile phone by dialing _165_7#. This convenient feature allows customers to access their insurance services anytime, anywhere, making it easier to stay protected.
With Cover by MoMo, customers can enjoy coverage of up to UGX 2 million and earn 10% cashback after 12 months. This innovative product is designed to make insurance more accessible and convenient for Ugandans, allowing them to protect themselves and their loved ones with ease.
The partnership between MTN Uganda and Sanlam Uganda is a testament to the growing trend of mobile-based financial services in Uganda. By leveraging mobile technology, the two companies are making it possible for Ugandans to access essential financial services, including insurance, in a convenient and affordable manner.
The launch of Cover by MoMo is poised to make a positive impact on the lives of many individuals and families in Uganda. By providing affordable and accessible protection, the product is set to reduce the financial burden of unexpected events, such as hospitalizations and death.
With its innovative features and affordable premiums, Cover by MoMo is set to revolutionize the insurance industry in Uganda. As more Ugandans take advantage of this product, they will be able to protect themselves and their loved ones with ease, knowing that they have access to quality healthcare and financial support when they need it most.
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