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Prudential Assurance Engages In Schools Literacy

Although insurance up take is still low with staggering figure below 1% growth ,Prudential Assurance company Uganda in partnership with Junior Achievement Asia Pacific have been for the last 6 weeks involved in training primary school pupils with basic financial literacy skills that are intended to improve their saving culture from a young age.

Over 50 Prudential Uganda staff and agents volunteered to offer lessons on basic concepts of financial discipline to 500 primary five pupils of Nakasero primary school and Kampala Junior Academy, the schools that are beneficiaries of year’s activity.

The annual activity which started in July up to August is aimed at teaching pupils the basic financial concepts of Earn, Save, Spend and Donate in order to empower them to make monetary decisions in adulthood.

Arjun Mallik, Prudential Uganda CEO, said children in Uganda are denied financial literacy knowledge under the pretence that they are too young to understand money and by the time they are adults, it’s too late for them to learn financial discipline hence the poor saving culture by most Ugandans.

“Poor financial decision-making in adulthood often finds roots in poor access to financial literacy when young.  We hope the odds improve for all the pupils that have benefited from this program this year and last year. We are going to continue this program even to schools outside Kampala so that more pupils can benefit” he said

Juliet Namuddu, the company’s director of education and social services while speaking at the same event said financial literacy is crucial for everyone especially at an early stage and yet it is not emphasized in Schools.

She asked more financial institutions to extend these services to more schools in the country as a way of ensuring a good saving culture among future Ugandans

The Prudential financial literacy program is part of the company’s Chairman’s Challenge, a flagship international volunteering program that brings together people from across the world to help in their communities as part of corporate social responsibility.

Recently prudential Uganda held its heart medical camp!

This is where over 1500 people from and around Kampala benefited from a three-day free heart camp in partnership with Uganda Heart Institute (UHI).

The Prudential Heart camp aimed at creating awareness on Cardiovascular diseases as well as give a chance to Ugandans to know their heart health by offering free heart checkups  and advice from professional cardiologists and nutritionists.

Arjun Mallik said that Prudential in partnership with Ministry of Health and some media houses had decided to create awareness about the causes of cardiovascular diseases and the need for healthier lifestyle choices because majority of Ugandans do not know their heart status and yet heart diseases are on the increase in Uganda.

“we are thrilled with the success of our campaign. A lot of people have benefited from particularly our heart camp which is good. This is an annual event. Next year, we hope to make it even bigger by adding more testing services and extending it to other parts of the country,” Arjun said.

He further asked Ugandans to endeavor to insure themselves and their loved ones against life and health uncertainties.

“Insurance is not a luxury but a necessity. We have some insurance packages that are affordable and fit the needs of every Ugandan. Every responsible person would love to know that the health and future of their loved ones is taken care of,” he said.

The camp was running under the theme of “Know Your Numbers” which emphasizes the need for regular checkups especially for people above 40 years of age.

Recently Prudential Uganda launched the Prudential Heart Index, a survey carried our across six urban centers of Kampala, Mukono, Entebbe, Jinja, Gulu and Mbarara.

According to  the findings, residents of Mukono and Entebbe displayed the healthiest indicators of health, whereas Kampala and Gulu scored towards the bottom of the index.

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About lukwago J

Posted by LUKWAGO. J: He's a writer, editor, blogger, affiliate and a web developer, he loves thinking creatively and finding new ways to implement different programming ideas.

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