Stanbic Bank Uganda and Prudential Assurance Uganda have unveiled an enhanced version of the Stanbic Medi-Protect health insurance solution, introducing expanded medical benefits, higher coverage limits and a new inpatient-only option aimed at widening access to health insurance.
The upgraded product comes at a time when health insurance penetration remains low in Uganda. Despite a population of more than 48 million people, only about 500,000 Ugandans have medical insurance coverage, leaving many households vulnerable to high healthcare costs and financial shocks arising from illness and hospitalization.
The enhanced Medi-Protect solution will be accessible through Stanbic Bank’s branch network, relationship managers and digital banking platforms.
Speaking at the launch, Israel Arinaitwe, Head of Personal Banking at Stanbic Bank Uganda, said the improvements were informed by growing demand for healthcare solutions that cater to the varying needs of Ugandan families.
“We continue to see increasing demand for affordable and relevant healthcare solutions. The enhanced Medi-Protect offering gives customers greater flexibility and choice by allowing them to select medical cover that aligns with their healthcare needs, family circumstances, and financial priorities,” Arinaitwe said.
Prudential Uganda Chief Health Officer Paul Nagemi said the enhanced package seeks to cushion families from the broader financial consequences of serious illness.
“When families face major medical conditions, the impact extends beyond hospital bills. It can disrupt income, education plans, and long-term financial stability. These enhancements reflect our commitment to helping Ugandans protect both their health and financial wellbeing,” Nagemi said.
One of the key additions is an inpatient-only cover designed to provide protection against major hospitalization costs at a lower premium.
According to Prudential, the package is intended to make health insurance more accessible while allowing customers to choose coverage that fits their needs and budgets.
The enhanced product also includes maternity benefits, dental and optical care, critical illness cover, life insurance, total permanent disability protection and school fees support for up to four children.
Stanbic Bank’s Manager Bancassurance, Dogo Singh, said the revised plans significantly increase benefit limits, with the highest package providing inpatient and outpatient cover of up to Shs294 million.
“Healthcare costs continue to rise, yet many families remain financially vulnerable because they lack adequate medical insurance. Through the enhanced Stanbic Medi-Protect solution, we are making quality health cover more accessible, affordable, and convenient by leveraging Stanbic’s extensive branch network, relationship managers, and digital channels,” Singh said.
The product is available under Individual Cover, Family Shared Cover and Inpatient-Only Cover options.
The partners say the enhanced solution is expected to contribute to greater insurance uptake, improved financial resilience and increased access to healthcare services across the country.