Ugandans looking to travel abroad or inland can now buy Travel Insurance online from Goldstar Insurance Ltd, a local insurance service provider.
According to Investopedia, Travel Insurance is a type of insurance that covers the costs and losses associated with traveling. It is useful protection for those traveling domestically or abroad.
Also, according to Goldstar Insurance, this will boost the tourism sector and also help insurance uptake in Uganda which stands at barely 1% grow.
Goldstar’s Travel Insurance, according to officials at the insurance firm, helps travelers in case of flight cancellations, loss of luggage, passport and when injuries occur to a traveler in the process.
"Goldstar Insurance offers award-winning Travel Insurance at the most competitive rates. Travel insurance is mandatory in the Schengen area and with our 24/7 assistance all over the world, you can be assured you are safe with us.
"We have a range of options so you can choose the cover that is right for you. We also offer Annual Multi-Trip cover for a single premium.” Jay Sankaria, the business development manager at Goldstar said in a comment.
According to Global Credit Ratings’ independent report on the insurance industry in Uganda, Goldstar Insurance has the strongest solvency margin, the highest cash claims cover and the best underwriting margin.
Apart from Travel Insurance, Goldstar Insurance offers Marine Cargo Insurance, Group Personal Accident, Engineering Insurance, Commercial Property, Electronic Equipment Insurance, Burglary Insurance, Car Insurance, Motor Cycle Insurance, Home Insurance, Buildings Insurance, Contents Insurance, Renters Insurance, and Landlords Insurance.
Others are Deterioration of Stock, Personal Accident, Property Cover, Liabilities, Workers' Compensation, Directors and Officers Liability, Professional Indemnity, Fidelity Guarantee, Banker's Blanket Bond, Office Contents and Legal Fees and All Risks Insurance.