We launched a new and innovative product yesterday called Legal Guard.
Legal Guard Insurance is a legal expenses insurance cover whose coverage is specifically for legal expenses that may be incurred by a policyholder if and when civil or criminal proceedings are instituted against him or her. Click here for more information about Legal Guard.
Legal Guard is highly configurable to meet any Client's needs starting from a very small payment of Ug. Shs. 15,000 per month
The Legal Guard policy targets micro, small and medium enterprises. The policy will facilitate predictable growth trends for a business regardless of legal related shocks that could hit it at any time of its life time.
These enterprises are estimated to contribute over 30% of Uganda's GDP but they are usually faced with poor governance structures which hinder their development as opposed to well managed corporate organizations.
Due to our commitment to contributing to Uganda's development, we believe that the sector growth lies in unlocking the potential in SMEs as well as the middle and lower income markets.
The new product has been received enthusiastically and caused a stir in Uganda's financial market and general economy.
The product has been featured on nationwide televisions like NBS TV as seen below.
The product has also been featured prominently in various media e.g.
- On Pesa Times: http://www.pesatimes.com/news/banking-finance/lion-assurance-introduces-trade-legal-guard-policy
- On The CEO Magazine: http://www.theceomagazine-ug.com/news/lion-assurance-in-new-innovation.html
- On the Uganda Insurers' Association: http://uia.co.ug/lion-assurance-introduces-legal-guard
- On the NBS website: http://www.nbs.ug/details.php?option=acat&id=1&cid=&a=519
- On Youtube: http://www.youtube.com/watch?v=eC6zfBTn5n0