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The National Social Security Fund (NSSF) in collaboration with UAP Old Mutual Insurance is set to host regional financial literacy sessions aimed at creating awareness about the relevance of proper financial management.

According to Caroline Owomuhangi, a Marketing and Communication Specialist at UAP Old Mutual Insurance, financial literacy has been recognized as a critical factor in improving the quality of life and enhancing financial inclusion amongst Ugandans.

“While generally known to be a measure to cushion oneself against unforeseen future misfortunes, the insurance sector has over time shade its skin revealing its multifaceted offerings including mitigating financial risks. It is therefore our mission to safeguard our customers’ financial well-being and provide them with peace of mind in the face of life's uncertainties.”

She explained that the partnership will see UAP Old Mutual and NSSF hold financial literacy training within Kampala but also regionally across the country.

Caroline Owomuhangi, Marketing and Communication Specialist at UAP Old Mutual makes her presentation. (Courtesy)

UAP Old Mutual Insurance has established an integrated approach that ensures that customers receive holistic financial services throughout their lifetime. Financial education is one of our sustainability pillars. We are committed to equipping individuals with essential knowledge and tools for sound financial decision-making, fostering a culture of financial security,” Owomuhangi added.

Geoffrey Sajjabi, the Chief Commercial Officer at NSSF underscored the role of the partnership with UAP Old Mutual.

“When you are broke and think about your NSSF benefits, know you haven’t planned well for your finances. If your car breaks down and you wish you could get a million from NSSF, your child is sent home for school fees and you think about your NSSF benefits, know that you haven’t planned for your future. This is where companies like UAP Old Mutual Insurance come in handy,” Sajjabi said.

“Players like UAP offer you different options. I have never looked at insurance companies like UAP Old Mutual as competitors because they can offer certain products that we can’t and we can also offer what they can’t offer.”

The financial literacy sessions commenced with the media in Kampala and it has been described as a pivotal set in UAP Old Mutual Insurance’s ongoing efforts to promote social and economic transformation in the country.