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Tag: Prudential Insurance

  • Prudential Uganda partners with Airtel Money for Premium Payments through NxtPe

    Prudential Uganda partners with Airtel Money for Premium Payments through NxtPe

    Kampala: Prudential Uganda has introduced a new digital payment option that allows customers to pay life insurance premiums instantly using Airtel Money. This follows a partnership with NxtPe, a payments solution focused on secure and simple transactions. The new option removes barriers linked to time, distance, and physical payments. Customers complete premium payments directly from their mobile money wallets. Payments reflect instantly and support consistent policy activity and long-term financial protection.

    The partnership supports Prudential Uganda’s focus on simple and accessible financial protection. Mobile money aligns with daily payment habits across the country and strengthens insurance access for more people.

    Commenting on the partnership, Tetteh Ayitevie, Chief Executive Officer of Prudential Uganda, said, “This partnership improves how people access and maintain their Prudential life insurance policies. Premium payments now fit into everyday mobile money use. This strengthens financial protection, reduces missed payments, and supports our agenda of simple and accessible financial solutions for Uganda.”

    The integration also supports our agents by reducing payment friction during sales and renewals. Instant confirmation shortens the path from sale to policy activation and builds confidence with clients.

    Speaking on the collaboration, Neelesh, Chief Executive Officer of NxtPe, said,“Our focus is removing friction from essential payments. Working with Prudential Uganda brings life insurance closer to people through mobile money. Secure and instant payments support consistency and trust in financial protection.”

    Prudential Uganda continues to invest in digital partnerships that improve customer experience and support the growth of insurance penetration in Uganda.

    To activate the Nxtpe payment option on your mobile phone, please click the link below. https://kora.nxt.pe/prudential

  • Prudential Uganda and Standard Chartered Bank Partner to Enhance Financial Inclusion and Protection in Uganda

    Prudential Uganda and Standard Chartered Bank Partner to Enhance Financial Inclusion and Protection in Uganda

    Kampala: Standard Chartered Bank Uganda and Prudential Uganda are pleased to announce a strategic partnership aimed at deepening access to financial services and providing long-term financial security solutions to customers.

    This collaboration marks a significant milestone in both organizations’ commitment to enhancing financial inclusion and delivering exceptional value to clients.

    Through this partnership, Prudential Uganda will become one of Standard Chartered Uganda’s bancassurance partners, offering the bank’s clients with a range of financial protection solutions. The partnership will also enable both organizations to leverage their global experience and local expertise to address the evolving financial needs of Ugandans.

    Mr. Tetteh Ayitevie, the CEO of Prudential Uganda, stated, “We are excited to partner with Standard Chartered Bank to deliver holistic financial solutions that empower their clients with enhanced financial security. Together, we are committed to ensuring that individuals and businesses have access to the long-term protection they need to secure their futures.”
    While addressing the press, the Standard Chartered CEO, Mr. Sanjay Rughani said.
    As Standard Chartered, we are honoured to enter into this partnership with Prudential and remain committed to creating partnerships which not only enhance the local financial sector’s proposition and infrastructure, but also improves our customers’ experience and operational efficiencies.

    He added; Private sector partnerships like this are important because they allow institutions to learn from one another; share evidence and experiences and in so doing, promote modernized and structured products and solutions that are needed in a modern 21st century economy.

    Standard Chartered Bank’s clients will soon be able to access Prudential Uganda’s tailored insurance solutions, designed to provide comprehensive financial security and peace of mind. This partnership integrates banking and insurance services, making it easier for clients to manage their financial well-being in one convenient place.
    Mr. Emmanuel Mokobi, CEO of Prudential Africa, added, “Partnering with Standard Chartered Bank allows us to provide their clients in Uganda with convenient access to world-class financial protection products. Our shared vision is to create a more financially inclusive environment, offering tailored solutions that meet the diverse needs of their customers and help them achieve their ambitions.”

    According to the report from Insurance Regulatory Authority of Uganda, the bancassurance sector in Uganda saw a significant growth, with gross written premiums increasing from UGX 83 billion in 2020 to over UGX 170 billion in 2023. This partnership is poised to contribute significantly to the growing bancassurance sector in Uganda, which has witnessed tremendous growth in recent years. By bringing together the expertise of both organizations, the collaboration aims to offer a seamless experience for customers seeking integrated financial protection and security.