SafeBoda passengers to get 1M insurance compensation in case of accident

3 min readSep 7, 2023


L-R: SP Opus Justine, Deputy Commandant KMP Traffic; Tich Makonese, Head, Insurance, Wealth and Investment Uganda at Stanbic bank; Catherine Tulina Kafumbe, Country Director at SafeBoda; ASP Godwin Arinaitwe, Commandant KMP Traffic; Samuel Fredrick Mwogeza, ExCo Head of Personal and Private banking at Stanbic bank; Mr. K Balasundar
Head of Operations at Liberty General Insurance Uganda.

For just UGX 6000 a month or UGX 72,000 a year, Ugandans who use SafeBoda as a means of transport will be assured of up to UGX 1,000,000 in insurance cover, in case of an accident, thanks to a new partnership with Liberty Insurance — a member of the Standard Bank Group which operates in Uganda as Stanbic Bank.

In case of damaged goods being delivered by a SafeBoda rider, permanent disability or death arising from an accident, the client would be entitled to UGX 2.5 million on the annual premium of UGX 72,000 paid directly through the SafeBoda App at once or in monthly installments of UGX 6,000.

Launched today at the SafeBoda Academy in Kampala, the “Plus Ride” innovative mass insurance product has been designed to cover both the SafeBoda riders and the passengers. However, SafeBoda riders will also be paid a daily compensation of UGX 50,000 for up to 15 days if they are unable to go to work as they undergo treatment of injuries arising from an accident.

Mr. Peter Makhanu, Managing Director of Liberty General Insurance Uganda Limited said, “The Liberty Plus rides offer coverage to SafeBoda customers who have chosen this ride as well as the rider while travelling in the event of death, permanent total disability, medical bills, and for riders, it offers additional cover in the event they are unable to work after 48 hours.”

He added, “SafeCar Pay As You comprehensive insurance is a motor comprehensive cover uniquely designed to enable car owners to access comprehensive insurance on a monthly basis, unlike the known traditional annual covers. Your vehicle, passenger, and third-party liabilities with agreed terms and conditions are fully covered at the time of purchase for as long as you paid premium for that specific month. The product is still in the regulatory sandbox, and we are glad to say SafeCar is the first client to enjoy such a new experience.”

Sam Mwogeza, the Executive Head of Personal and Private Banking at Stanbic Bank Uganda said, “Investing in insurance will enable our clients have a more assured personal finance development journey, allowing them to save more without worrying about the usual challenges of life such as spontaneous medical expenses.”

Catherine Tulina Kafumbe, Country Director of SafeBoda, shared her enthusiasm for the collaboration, saying, “Safety has always been at the heart of SafeBoda mission. The introduction of these insurance policies is a significant step towards ensuring the well-being of our drivers and passengers. We believe the initiative will elevate road safety standards across Uganda.”

Wamambe Christian, the Head of Financial Innovations at SafeBoda, added: “The ‘Triple Cover’ solution and the SafeCar “Pay As You Go’’ policy are testaments to our commitment to offering holistic protection. Our collaboration with Liberty Uganda aligns perfectly with our dedication to delivering meaningful value to our community.”

According to the 2022 Uganda Police annual crime report, road accidents increased by 16.9 percent with a total of 20,394 cases of road accidents registered in 2022 compared to 17,443 the previous year; 61 per cent of all accidents were reportedly a result of reckless driving.

The report adds that at least 22 people were killed out of every 100 crashes. Insurance penetration in Uganda below 1 per cent of the total population and Ugandans are forced to pay expensively out of pocket, for medical care in the event of accidents.

Liberty Insurance, SafeBoda, and Stanbic Bank are now hoping to change Uganda’s discourse by showcasing the value of having insurance cover.




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