Diamond Trust Bank (DTB) has officially relaunched its flagship children’s savings product, the DTB Kids’ Winner Savings Account, now enhanced with an integrated Life Assurance shield.
Developed in partnership with Jubilee Life Insurance, the upgraded account is designed to bridge the gap between long-term financial ambitions and the realities of life’s unforeseen circumstances.
The account enables parents to save in trust for their children while instilling disciplined saving habits and earning attractive annual interest. With a minimum opening balance of Shs 50,000 and up to four free withdrawals per year, it continues to serve as a reliable foundation for family financial planning.
The newly introduced Life Assurance feature ensures that children benefit not only from long-term savings but also from added financial protection. To qualify for the insurance cover, accounts must maintain a monthly balance of Shs 300,000 and register at least one deposit per month. The product is available to children below 18 years.
Parents benefit from a combination of savings and protection, offering peace of mind, encouraging long-term financial discipline, and providing attractive annual interest for balances above Shs 100,000, all while remaining accessible through a low minimum opening requirement.
Speaking at the launch, DTB CEO Godfrey Sebaana said the initiative aligns with the bank’s commitment to integrating savings with protection to secure children’s financial futures.
“As parents, our greatest ambition is to ensure that our children’s potential is never limited by unforeseen circumstances. By combining savings growth with the certainty of protection, we are providing a powerful shield that safeguards a child’s education and future,” he said.
He added, “This relaunch is a bold step toward nurturing the next generation in financial literacy. We want to see children grow into financially responsible individuals with a strong understanding of money management.”
The insurance package provides comprehensive coverage for children from birth up to 18 years. It includes education protection in the form of a school fees benefit of up to four times the average quarterly balance, with overall coverage capped at Shs 10,000,000 for natural death and Shs 5,000,000 for disability. In the event of involuntary job loss, parents can receive retrenchment support equivalent to two times the average monthly savings for up to three months, not exceeding Shs 5,000,000.
Additionally, the package offers hospital cash benefits of Shs 30,000 per day for admissions exceeding three days, as well as a child last expense benefit of Shs 500,000 to support families during difficult times.
The enhanced account seeks to combine protection and savings, ensuring financial security for children while fostering a culture of consistent saving among families.
“At Jubilee Life Insurance, our purpose is to safeguard the ambitions families work hard to build,” said Eugine Mutekhele, Acting CEO of Jubilee Life Insurance Ltd.
“This partnership with DTB reinforces that commitment by ensuring every child’s dreams remain protected, regardless of life’s uncertainties. By integrating comprehensive life assurance into the Kids’ Winner Savings Account, we are offering more than a financial product—we are providing certainty, stability, and a secure foundation for Uganda’s future generation.”