Annuity Contract Plan

This plan is a contractual agreement between the annuitant and an insurance company, in which the annuitant makes a lump-sum payment (or payments) and in return receives regular payouts, either immediately or at a future date.

The funds may come from a lump sum or from the maturity value of an Endowment product, which is then placed into a managed fund.

Managed Fund

A managed fund is an arrangement where contributions and interest (after administration charges) are held and invested over the policy period.

The proceeds from these investments are credited to the annuitant’s account.

At the end of each financial year, Eclipse Insurance Uganda may declare an additional bonus interest based on the investment performance during the year.

An administrative charge is applied annually on the contributions and is deducted from the account.

Other RelatedProducts

Endowment Plan

This is an investment and protection life assurance policy. It’s designed for individuals who want to save or seek financial protection

Ngabo Yo Last Expense Plan

This is a Financial Management plan that guarantees a lump sum cash payment upon the death of a member and peace of mind to Families, employers and groups of people

Credit Life Insurance (Loan Protection)

The product provides cover sufficient to settle the outstanding loan balance in the event of death, total permanent disability, critical illness or accidental death (including funeral expenses)

Mortgage Protection Assurance

Mortgage protection policy offers cover in respect of outstanding Mortgage balances from the insured

Group Last Expenses Plan (Funeral Cover)

It is a product that is taken out by institutions, employers, homogeneous groups, families or an individual who is still living.

Group Life Assurance Plan

This is a policy issued to the employers who wish to provide financial protection for the families of their employees in the event of death of the employee