Old Mutual Uganda has upgraded its Unit Trust investment offering by integrating life and education protection benefits for investors, aiming to strengthen financial security while encouraging long-term savings.
The new product was launched by Old Mutual Investment Group Uganda in partnership with Old Mutual Life Assurance Uganda during a press conference on at Protea Hotel Kampala Skyz.
Under the enhanced structure, Unit Trust investors who maintain or grow their fund balances each quarter automatically qualify for additional life insurance benefits at no extra cost.
These include the Life Care Benefit, which provides financial support to beneficiaries if the investor passes away; the Lifetime Benefit, which offers protection in cases of permanent disability or critical illness; and the Safe Scholar Benefit, which helps cover school fees and educational materials for dependents if the account holder dies.
Speaking at the launch, Old Mutual Investment Group Managing Director Zacchaeus Kisesi said the initiative is designed to help investors maintain long-term investment discipline while providing a safety net for unexpected life events.
“We understand that many customers sometimes withdraw their investments prematurely to handle unforeseen challenges,” Kisesi said. “With this enhancement, clients can continue growing their wealth while securing meaningful protection for themselves and their families.”
According to Patrick Kimathi, Managing Director of Old Mutual Life Assurance Uganda, the initiative reflects the group’s Integrated Financial Services model.
“Through this partnership, we are delivering both life and education benefits to Unit Trust investors in a way that supports long-term financial stability,” Kimathi said. “Customers can now enjoy investment growth and protection within a single financial solution.”
