Marketplace
CIC Africa Life Assurance - Kampala, Uganda
CIC Africa Life Assurance Limited is a prominent life insurance provider in Uganda and a subsidiary of the larger CIC Insurance Group Plc, a well-established financial services group with a regional presence in Kenya, Uganda, South Sudan, and Malawi. The company operates on a cooperative business model, emphasizing value-sharing with stakeholders and putting people before profit.
Key Focus Areas and Products:
Life Protection Solutions: These policies offer pure life coverage for specific terms with benefits for death, terminal illness, or accidental death.
Group Life Assurance: Provided to employers to cover employees' families in cases of death, permanent disability, or critical illness.
Credit/Loan Protection: The "Loan Guard" and "Group Credit Assurance" policies are designed to settle outstanding loan balances if the insured individual dies or becomes permanently disabled, preventing the burden from falling on dependents or co-signers.
Last Expense/Funeral Cover: The "Alfa & Omega" plan provides financial relief to families for funeral expenses during a time of loss.
Education and Savings Plans: Offers policies like the "Academia Policy" to ensure a child's education continues uninterrupted in the event of an unexpected life event.
Cooperative Solutions: A significant portion of its business is tailored to the specific needs of SACCOs and cooperatives, reflecting its foundational ethos.