Old Mutual Uganda is expanding its financial wellness proposition by introducing a Motor Comprehensive Insurance benefit for Unit Trust customers, bringing investment and insurance closer together in one integrated financial solution.

The new benefit builds on Old Mutual’s approach of combining wealth creation with financial protection, following the integration of Unit Trusts with Life Insurance benefits. It provides Unit Trust customers with access to a special offer on Motor Comprehensive Insurance, creating an additional layer of protection alongside their investment journey.

The initiative comes at a time when access to Motor Comprehensive Insurance in Uganda remains relatively low. According to the Insurance Regulatory Authority of Uganda, approximately 15% of insured vehicles are covered under comprehensive motor insurance, leaving many motorists exposed to potentially significant financial costs following accidents, theft or other unforeseen events.

Old Mutual is responding to the need with more accessible and integrated approaches to financial wellness.

Andrew Makumbi, Managing Director of Old Mutual Insurance Uganda,  noted that the integration reflects the important role that both investment and insurance play in building financial resilience.

He said, “Insurance and investment are critical pillars of financial wellness. Extending the proposition to include General Insurance through a special offer on Motor Comprehensive Insurance creates greater value through a more connected financial offering. Through this benefit, Old Mutual is making quality protection more accessible while providing additional value to customers who are investing in their future. It reflects the company’s commitment to developing practical solutions that respond to the financial needs of Ugandans.”

Zaccheaus Kisesi, Managing Director of Old Mutual Investment Group, also noted that customers increasingly expect investment solutions to address broader aspects of their financial lives.

He said, “Today’s Unit Trust customers are looking for solutions that not only help them grow their wealth but also support other aspects of their financial needs. Integrating investment with protection is another step towards making investing more relevant, accessible and connected to the realities of everyday life.”

The proposition also reflects Old Mutual’s focus on helping customers achieve their financial goals.

The Unit Trust-Motor Insurance benefit forms part of Old Mutual Uganda’s broader strategy to provide integrated financial solutions that support customers across different stages of their financial journey.

Customers can open a Unit Trust account with Old Mutual Investment Group from UGX 100,000, giving them access to a growing range of value-added benefits designed to support wealth creation, financial protection and greater financial confidence.

The latest enhancement reinforces Old Mutual Uganda’s commitment to making financial wellness in Uganda more accessible through practical, connected and customer-focused solutions.