Officials from Old Mutual Uganda unveiling an enhanced Unit Trust product integrating life and education protection benefits for investors
Old Mutual Uganda, through its investment arm Old Mutual Investment Group (OMIG) in partnership with Old Mutual Life Assurance Uganda (OMLAU), has officially launched an enhanced Unit Trust product integrating life and education protection benefits for investors.
The announcement was made today at a press conference held at Protea Naguru Skyz Hotel marking a significant milestone in expanding value for Unit Trust customers under the Integrated Financial Services (IFS) framework.
The enhanced Unit Trust now enables customers who maintain or grow their fund balance each quarter to access additional life insurance benefits.
These include the Life Care Benefit, which provides financial assistance in case of bereavement of the unit trust holder, the Lifetime Benefit, which supports the account holder in case of permanent disability or critical illness; and the Safe Scholar Benefit, which provides financial support for school fees and scholastic materials to beneficiaries if the account holder passes away.
Speaking at the launch, Zacchaeus Kisesi, Managing Director of OMIG, said the enhancement reflects Old Mutual’s continued commitment to delivering greater value to investors while encouraging disciplined, long-term wealth creation. “We understand that many customers sometimes withdraw their investments prematurely to meet unexpected life events. With this enhancement, we are ensuring that our clients can continue growing their wealth while also securing meaningful protection for themselves and their families. This is about strengthening financial resilience without disrupting long-term investment goals,” he said.
The partnership between OMIG and OMLAU is structured under Old Mutual’s Integrated Financial Services model, which enables customers to access complementary financial solutions within a unified ecosystem. By combining professional fund management expertise with life assurance capabilities, the enhanced Unit Trust provides both wealth accumulation and financial protection within one structured offering.
“Through this partnership, we are extending life and education benefits to Unit Trust investors in a way that supports their long-term financial stability. Rather than viewing investments and insurance as separate decisions, customers can now experience both growth and protection seamlessly,” said Patrick Kimathi, Managing Director of OMLAU.
Old Mutual Uganda says that the enhanced Unit Trust offering is now available to both new and existing customers across OMIG’s investment platforms.
