Liberty life assurance and Equity bank have unveiled affordable hospital cash insurance product dubbed Equi-Life a move aimed to enhance financial security and healthcare access for thier customers and the general public.
The new insurance product allows customers to pay as little as UGX3000 per month, securing coverage for up to 20 days of hospitalization after discharge, and a death benefit of up to UGX 3,000,000.
We are excited to officially launch our new #EquiLife product. This is a hospital cash insurance product developed in collaboration with @liberty_uganda & @turaco_insure
With this product, customers on the #EquiLife cover will pay UGX3000 per month, securing coverage of… pic.twitter.com/JZb4VueoPF
— Equity Bank Uganda (@UgEquityBank) April 3, 2025
The groundbreaking insurance plan, first of its kind on the Uganda market aims to alleviate the financial burden that comes after hospitalization, ensuring that families can focus on recovery rather than worrying about expenses.
“We recognize the challenge faced by individuals especially those in the informal sector when it comes to unexpected expenses associated with hospitalization. The Equi-Life insurance product offers a safety net to protect our customers, and it will provide critical financial relief for their families,” said Equity Bank Managing Director Gift Shoko.
Mr Shoko pointed out the Bank’s commitment to providing integrated financial services that not only bring business success but also give dignity and transform the lives of its customers.
Liberty Life Assurance also reaffirmed its dedication to providing accessible and meaningful insurance solutions. “Liberty Life Assurance is proud to collaborate with Equity Bank to introduce a product that truly meets the needs of the underserved. Hospital cash insurance ensures that customers can access financial support when they need it the most,” said Joseph Alimeida, Managing Director Liberty Life Assurance.
Customers who enroll in the scheme will receive a daily cash benefit of UGX50,000 for every day spent in the hospital, up to 20 days on hospitalization, easing the burden of lost income and medical bills after discharge from hospital. In addition, the policy includes a death benefit to provide further security to beneficiaries.
Equi-Life insurance product is designed for individuals in the informal sector, small business owners and low-income earners to support them with expenses after hospitalizations, during their recovery process.
I am thrilled to announce as the brand ambassador of a groundbreaking product for fellow hustlers called Equi-Life by @UgEquityBank and @liberty_uganda to bring accessible and affordable insurance to millions of Ugandans! #EquiLife #OliKuSure pic.twitter.com/zrHfNSQKmf
— IamVinka (@IamVinka) April 3, 2025
With healthcare risks and costs on the rise, this innovative partnership between Equity Bank and Liberty Life Assurance is a timely intervention to support financial well-being among Uganda’s micro-level earners. Customers can sign up for Equi-Life product at any Equity Bank EquiDuuka or at the nearest Equity Bank branch.
