Safe Boda, in partnership with Liberty General Insurance and Stanbic bank, recently introduced a new insurance product named “Protector Bode.”
This initiative aims to enhance road safety and provide financial security for car drivers associated with Safe Boda, offering affordable coverage starting at just Shs 20,000. The product is designed to address common road risks and offer essential support following accidents.
Christian Wamambe, the country director for Safe Boda, emphasized that the coverage includes third-party liability for bodily injury, property damage, and medical benefits for drivers involved in accidents.
“Driving on the road always carries risks, whether you accidentally hit someone or are hit by another vehicle. Without insurance, these situations can be financially devastating,” he remarked.
He added, “Under this cover, the car is taken to a garage, repaired, and the driver makes a small contribution to the bill, allowing them to return to the road promptly.” Wamambe also noted that drivers under this cover receive Shs 50,000 for three days in the event of illness, ensuring they can continue to support their families.
“A driver may be advised by a doctor to rest, and this support allows them to recover without financial strain,” he added.
Raphael Bisasso, the head of Sales at Liberty Insurance, underscored the urgent need for affordable motor insurance for drivers. He pointed out that many Ugandans have yet to adopt comprehensive insurance.
According to the Insurance Regulatory Authority’s 2020 report, 86 per cent of car owners in Uganda opt for third-party insurance, leaving a significant coverage gap. Despite there being over 4.5 million vehicles on Ugandan roads, only a fraction are insured, exposing millions to potential financial loss.
“We see a gap here, and that is what we are here to bridge,” Bisasso stated.
Bisasso emphasized that the Protector Bode Cover is designed to be straightforward, affordable, and provide practical protection. Dr Justine Okello, the head of the Accident and Emergency Unit at Mulago national referral hospital, highlighted the critical need for insurance for drivers, especially given Uganda’s increasing accident rates.
“We are nearing a crisis level concerning accidents,” Dr Okello stated.
He noted that his unit admits approximately 40 patients daily, with about 30 cases typically related to accidents. He explained that the cost of treating such injuries is overwhelming for both families and the healthcare system, stressing that insurance coverage for drivers is not a luxury but a necessity.
“Protecting yourself and others is crucial. It must be prioritized,” he added.
Sam Mwogeza, a representative from Stanbic bank, reiterated the bank’s commitment to safeguarding Ugandans from the severe financial repercussions of road accidents.
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