Protecta Bode stakeholders pose for a group photo at the Protecta Bode Launch
Liberty General Insurance, in partnership with Stanbic Bank and SafeBoda, has launched Protecta Bode, a new motor insurance product designed to make insurance simpler, affordable, and accessible to everyday Ugandan motorists.
Speaking at the launch on Wednesday, Balasundar K., Country Head of Operations at Liberty General Insurance, said the product comes at a time when Uganda’s insurance penetration remains worryingly low despite the growing number of vehicles on the roads.
“It’s a privilege to be here as we unveil the new motor insurance solution, Protecta Bode. This is a unique product in the Ugandan market, and we believe it will make a real difference in the lives of Ugandan motorists,” he said.
Balasundar emphasized that Liberty’s vision goes beyond premiums and policies, focusing instead on building trust and protecting livelihoods.
Balasundar K. Country Head Operations Liberty General Insurance Uganda addresses the audience
“At Liberty, we believe insurance is not just about policies and premiums, but about protection, trust, and impact,” he noted. “In the past three years alone, Liberty General Insurance has paid out more than sh73b in claims. If we add Liberty Life, the figure is even higher. These numbers represent lives rebuilt after accidents, families shielded from hardship, and businesses kept running.”
Uganda currently has over 4.5 million vehicles on its roads, but only a small fraction is insured. Balasundar warned that millions of Ugandans remain one accident away from financial devastation.
“We see a gap here—and that is what we are here to bridge. Protecta Bode is designed with the realities of Ugandan motorists in mind. It is simple, affordable, and offers practical protection,” he added.
Through partnerships with Stanbic Bank and SafeBoda, Liberty aims to expand insurance access to small business owners, family breadwinners, salaried employees, and daily drivers who have long operated without coverage.
Stanbic Bank welcomed the initiative as part of its broader commitment to resilience and financial inclusion. Samuel Mwogeza, Executive Director at Stanbic Bank Uganda, said the partnership demonstrates how banks and insurers can work together to address real challenges facing Ugandans.
“When we say insurance penetration is low, it means that many Ugandans are at risk of significant disruption because they have not taken a protective stand. Over 99 percent of Ugandans and businesses remain vulnerable. Anything we can do to close that gap is vital,” Mwogeza said.
He noted that unsafe transport continues to disrupt livelihoods, particularly among young people whose motorcycles and vehicles are their primary source of income.
Samuel F. Mwogeza – Executive Director and Head, Personal & Private Banking (PPB), Stanbic Bank addresses the audience
“For young people, these vehicles are more than just transport; they are a lifeline. That is why this product matters. Insurance is not a luxury—it is an investment in your future. With Protector Body, protection is now simpler, more affordable, and more relevant than ever before,” he added.
Stanbic’s long-standing collaboration with SafeBoda has already insured more than 1.5 million rides, with claims processed quickly and efficiently, Mwogeza revealed. He said this track record inspired confidence in the new product.
For SafeBoda, Protecta Bode marks another milestone in supporting drivers who depend on their vehicles for daily income. Christian Wamambe, Country Director for SafeBoda Uganda, said the product was tailored to the needs of ordinary drivers who often struggle to cover major repairs after accidents.
Christian Wamambe, Country Director SafeBoda Uganda addresses the audience
“Protector Body is a micro car insurance product that safeguards both the car body and the driver. We developed it together with Stanbic Bank, through the Bancassurance Department, and Liberty General Insurance under our SafeCar program,” Wamambe explained.
The policy offers coverage up to sh4m, with monthly premiums starting from as little as sh20,000. It also covers passengers, third parties, and property involved in accidents.
“Many of our drivers operate vehicles that don’t even belong to them, what we call “Omugaga”. When a car is in bad shape, customers don’t like it, and that affects how drivers earn. With Protecta Bode, they can pay just sh20,000 a month and, in case of an accident, they are covered up to 4 million. That means they can repair the vehicle, keep it running, and continue earning a living,” Wamambe said.
He added that the product is not just about protecting cars but also about safeguarding livelihoods.
“This product is not just about fixing cars after an accident; it’s about protecting livelihoods. When drivers are secure, their families, passengers, and communities also benefit,” he noted.
The launch builds on the success of Safe Rides, an earlier product developed with Stanbic and SafeBoda, which was recognized by the Insurance Regulatory Authority (IRA) as Uganda’s most innovative insurance solution.
Balasundar said Liberty intends to continue pushing the sector toward greater innovation and social impact.
“Protecta Bode builds on that legacy. It is another first-of-its-kind solution tailored to Ugandan motorists, and it reaffirms our commitment to innovation. Liberty is here to transform the insurance experience in Uganda, stand with motorists, protect what matters, and keep lives and livelihoods moving forward. Together, let us drive Uganda forward.”
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