Background of Liberty Life Assurance Company Limited
Who we are
Liberty Life Assurance Uganda Limited (LLAU) was established in 2006 and is a specialist life insurance company and Uganda`s largest life insurer.
We provides group and individual/personal risk insurance solutions for life changing events. Our vision is to become the trusted leader in insurance and investment in our chosen markets by putting the customer’s needs first, creating products that have market relevance and forming strong partnerships in our markets.
Whether you’re a small business, large corporate or affinity group with many members, we have experience in working with our partners to understand their needs. We believe that in times of unfortunate events, the last thing our customers should worry about is finances.
Liberty Life Assurance Uganda Limited is a subsidiary of Liberty Holdings Limited, founded in 1957 by Sir Donald Gordon with the belief that everyone should have the opportunity to grow their wealth and leave a proud legacy for their family. Liberty has grown into an organisation with assets under management of R645 billion as at 7 August 2015, more than 2,5 million clients and properties that cover 1,1 million square kilometres. With a presence in 16 African countries, Liberty has grown from being a South African life insurer to a Pan-African financial services company, offering Asset Management, Investments, Insurance and Health products.
Our Vision
To be the trusted leader in insurance and investment in Africa and other chosen markets.
Why we are in business?
Through understanding the power of knowledge, we strive to pioneer new ways to guide people towards financial freedom.
Our Purpose
To make a difference in people’s lives by helping them to orchestrate their financial freedom. This is our passion.
Liberty is not just our name. It’s what we do
Group Risk Solutions
Our Group Risk solutions are offered to organisations comprising of 10 members or more. Cover is offered under one master policy for all members, reducing operational expenses and allowing your organisation to enjoy benefits at a competitive premium relative to individual policies. Additionally, an automatic acceptance cover with limited benefits established around employee demographics means participants may benefit from cover without any medical checks.
Benefits Organisations can enjoy with our group risk product solution
- Risk management expertise – We cover the organisation from excessive or unintended risk by providing specialised benefit design, policy wording and operational processes.
- Specialist insurance expertise – We provide tailor made solutions that meet our client’s needs. We have specialist insurance expertise, such as actuarial resources, which will monitor the risk and claims trends of the benefits and help to manage future uncertainty.
- Claims management – We strive to give organisations exceptional service by making your claims process seamless and efficient. We can help organisations avoid paying fraudulent claims, or claims which the benefit was never intended to pay. Our claims management helps to keep costs down whilst still ensuring that all valid claims are paid timeously.
- Administration expertise – We know that administration can be daunting, that is why we offer to administer the full insurance process in the most cost effective manner with the highest level of data integrity. This ensures that, amongst other things, benefits are paid to the right beneficiary and costs are managed.
- Administration costs – We have simple, efficient and timeous processes that work to your advantage allowing us to administer your portfolio at competitive rates.
| Product | Description | ||||
|---|---|---|---|---|---|
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Group Life Assurance (GLA) provides life cover payable as a lump sum on the passing away of the member before retirement. GLA provides the member with the peace of mind that their family will be taken care of if they are no longer there to support them. | ||||
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Permanent and Total Disability benefit pays a lump sum in the event of a permanent disability of the member before retirement. The purpose of this benefit is to protect the member against the loss of earning potential, if he or she becomes disabled and is unable to work. The Permanent and Total Disability benefit must be taken together with the Group Life Assurance benefit. | ||||
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The Permanent Health Insurance benefit provides the member with a monthly income, in the event of them becoming disabled and unable to work. The benefit is payable until the member is able to go back to work or unable to work till retirement. | ||||
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The Temporary and Total Disability benefit is a monthly benefit that is payable for a limited period. The purpose of this benefit is to protect the member against the loss of earnings or earning potential, if he or she becomes disabled and is unable to work for a limited period. | ||||
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Event – Defined critical illness such as Cancer, Heart Attack, Coronary Artery Bypass Graft (CABG), Stroke, Major Organ Transplant, End Stage Renal Failure. Critical Illness benefits provide cover for the costs associated with living with a life-altering illness by providing a lump sum payment on the first diagnosis of any one of the stated critical illnesses. The Critical Illness benefit must be taken together with the Group Life Assurance benefit. |
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The Funeral benefit pays out a lump sum in the event the employee, spouse, children or extended family member (if applicable) pass away before the retirement of the employee.
The following benefits are optional to Group Funeral:
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Individual Products
We offer a range of products and solutions to meet the life changing risk events. Our solutions offer cover for unforeseen events such as loss of life, critical illness and disability. You will have peace of mind knowing that you have the best insurance plan for unplanned events.
| Product | Description |
|---|---|
| Provides a lump sum to cover the cost of a funeral. There is an option to cover the policyholder, one spouse and a maximum of six children with a choice to add parents and parents in law as well as extended family members. | |
| Event – Accidental Loss of Life or Impairment Provides a lump sum payment on the accidental loss of life or accidental impairment of the policyholder. |
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| Comprehensive cover providing a lump sum benefit on the occurrence of the policyholder passing away. There are additional benefits to choose from in the unfortunate event that the policyholder is unable to earn an income due to a Critical Illness, Physical Impairment and Permanent Disability. | |
| Provides cover for the costs associated with living with a defined critical illness (such as Cancer, Heart Attack, Croronary Artery Bypass Graft(CABG), Stroke, Major Organ Transplant or End Stage Renal Failure) by providing a lump sum payment on the first diagnosis of anyone of the stated critical illness. | |
| Provides a lump sum on the occurrence of these risk events to help provide for your child’s education even after you’re gone. |
Liberty Health Cover
| We know how to provide comprehensive health cover at affordable rates. Liberty Health Cover offers a standardised Pan-African product suite that has been tailored to the conditions of each specific country. We offer options that cater for healthcare needs across a number of different income brackets whilst ensuring the most comprehensive cover. |
Who is covered
Our health cover includes
We have a range of options to suit your needs
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Liberty Life Assurance Uganda Limited Contact Address
Mariba Building, 3rd Floor
Plot 17, Golf Course Road,
Kololo, Kampala, Uganda
t +256 414 233 794
f +256 414 254 708 (0312) 233 794/ 803
e libertylife@liberty.co.ug
For Health Cover visit
www.libertyhealthblue.com
or email
e Uganda@libertyhealthblue.com
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