The Insurance Regulatory Authority of Uganda has made a public announcement to reinstate the cash and carry regulations of the Insurance Act 2017, whereby premium must be paid on or before the policy date or renewal of the policy in full.
The Insurance Regulatory Authority of Uganda has confirmed that the Cash and Carry regulations have been reinstated.
During the COVID-19 outbreak, the IRA had given clients an extension to premium payments given the under certain situation.
Goldstar Insurance Co Ltd has partnerships with leading banks to provide an Insurance Premium Financing option with low rates of interest to ease the burden on clients.
Please feel free to contact firstname.lastname@example.org for further information on our IPF arrangements.
For further information please refer to the IRA website – www.ira.go.ug where the relevant circulars and laws have been outlined.