Bancassurance Services

At FINCA Uganda Limited, financial inclusion goes beyond access to credit and savings. It also means protecting our customers, their businesses, and their families from unexpected risks that could disrupt progress. Through our licensed Bancassurance operations, we provide tailored insurance solutions in partnership with regulated insurance providers, in full compliance with the Insurance Act 2017.
Our bancassurance offerings are designed to enhance resilience, support business continuity, and give customers the confidence to grow.

Agriculture Loan Insurance

To protect farmers and agribusiness clients against climate-related risks, FINCA offers Multi-Peril Crop Insurance.

Offerings include

  • Protection against drought and excessive rainfall

  • Cover against floods, pests, and diseases

  • Fire protection for crops

  • Income stabilization support for insured farmers

Premium Structure

  • 2.235% of loan amount (inclusive of life and agriculture cover)

  • Agriculture-only rate: 1.685%

Scope of Cover

  • Weather Index Cover for loans ≤ UGX 30M

  • Multi-Peril Cover for loans > UGX 30M

This solution strengthens agricultural productivity and reduces vulnerability to unpredictable weather conditions.

FINCA Business Shield

FINCA Business Shield is an optional insurance solution designed for traders and small and medium enterprises to safeguard their businesses.

Offerings include

  • Protection of stock, fixtures, and fittings

  • Cover against fire, floods, lightning, and storms

  • Protection against burglary and malicious damage

  • Group Personal Accident cover in case of accidental injury or death

Premium

  • UGX 116,000/year inclusive of taxes

  • For stock > UGX 13M, the premium is charged at 0.75%

This product enables business owners to recover quickly and continue operating after unexpected disruptions.

Hospital Cash Plan

The FINCA Hospital Cash Plan is an affordable micro medical insurance solution embedded within select savings accounts.

Offerings include

  • UGX 20,000 per night of hospitalization, up to 25 nights annually

  • Coverage for hospitalization due to illness or accident

  • Financial support to manage daily expenses during recovery

Premium

  • UGX 1,200 per month

This solution provides peace of mind and reduces financial pressure during medical emergencies.

Collateral Insurance

To protect both customers and the institution, FINCA provides insurance cover for assets pledged as loan security.

Offerings include

  • Motor Comprehensive Insurance for financed or pledged vehicles

  • Fire and Allied Perils Insurance for buildings, business premises, and equipment

  • Stock insurance for goods used as collateral

  • Protection against risks such as fire, floods, lightning, storms, and malicious damage

This ensures that in the event of loss or damage, customers are not left financially exposed and business continuity is preserved.

Our Commitment

Through bancassurance, FINCA Uganda strengthens its role as a responsible financial partner by providing not only financial solutions but also protection mechanisms that safeguard livelihoods, businesses and long-term financial stability.

We finance growth, and we protect it.

We are always happy to talk!

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