Allen Amoko, Jubilee Insurance Head of Corporate Business (L), DTB Managing Director, Godfrey Ssebaana (2nd L), Jubilee Insurance CEO, Eugene Muthekele (2nd R), and DTB Head of Corporate Banking, Andrew Musanje (R) during the launch at the DTB Head Office in Kampala
Diamond Trust Bank (DTB) has relaunched its Kids’ Winner Savings Account with an integrated life insurance cover in a move aimed at strengthening children’s financial security and promoting a savings culture among families.
The enhanced product, developed in partnership with Jubilee Life Insurance, combines long-term savings with financial protection to help parents and guardians secure their children’s education and future in case of unforeseen circumstances.
Speaking at the launch in Kampala, DTB Chief Executive Officer Godfrey Sebaana said the initiative reflects the bank’s commitment to building financially responsible communities and supporting families to plan for the future.
“As parents, our greatest ambition is to ensure that our children’s potential is never limited by unforeseen circumstances. By combining savings growth with protection, we are providing a safety net that guarantees a child’s education and future remain secure,” Sebaana said.
He added that the relaunch is part of DTB’s broader effort to promote financial literacy and instill a saving culture among young people.
“This initiative is a step towards training the next generation to appreciate the value of saving and responsible financial management from an early age,” he noted.
The Kids’ Winner Savings Account allows parents to save money in trust for children below 18 years while earning annual interest. The account requires a minimum opening balance of sh50,000 and offers up to four free withdrawals per year, making it accessible to many families.
To qualify for the life insurance cover, the account must maintain a monthly balance of at least sh300,000 with at least one deposit per month. The insurance component provides additional financial protection, ensuring continuity of savings in case of unexpected events.
Jubilee Life Insurance Acting Chief Executive Officer Eugine Mutekhele said the partnership is aimed at protecting families and securing children’s dreams.
“Our purpose is to safeguard the ambitions that families work hard to build. This partnership with DTB ensures that every child’s future remains protected through savings and life assurance,” Mutekhele said.
He encouraged parents and guardians to take advantage of the product to secure their children’s education and long-term financial wellbeing.
The bank said the relaunched product is expected to strengthen financial inclusion and encourage disciplined savings among Ugandan families while providing a reliable safety net for the next generation.
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