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NIC improves Uganda Cranes Insurance benefits

FUFA president Moses Magogo (left) receieves a cheque worth 660 milions from Mr. Bayo Folayon, MD NIC as Cranes players medical cover insurance poilcy patnership between FUFA and NIC on   Tuesday

National Insurance Corporation (NIC) and the Federation of Uganda Football Associations (FUFA) have renewed their partnership to insure the national football team the Uganda Cranes players and the technical staff.

The partnership covers the 33 players and technical staff in case of injuries and deaths that may occur while the beneficiaries are either on or off the pitch. Funeral expenses have also been included.

The partnership is worth sh660m to be renewed annually indicating an increment from sh570m signed previously. NIC first entered the partnership with FUFA in 2008.

While unveiling the new partnership at a press conference at NIC Building in Kampala the Managing Director Folayan Bayo said that his company will keep insuring the Uganda Cranes to uplift standards of players.

“Our vision in supporting the Cranes is to create an enabling environment for our footballers so that they too can compete on a global platform and rank among the best in the world,” said Bayo.

FUFA president Moses Magogo said that the partnership is a motivation for both the players and federation officials.

‘We are happy that our players are insured. It may not sound well in this part of the world but this kind of investment gives us the motivation to go out there and do our best’ said Magogo.                                                                                       

The partnership starts with immediate effect.

Break down of the partnership

Sum Insured UGX 660M

Benefits:

Death: UGX 20M per player

Permanent injury picked up while on national duty: UGX20M

Medical up to: UGX 3M

Funeral expenses (irrespective of cause of death) UGX 1M

Accumulated limit injuries/death UGX160M

Number of players and technical team during training: 33

Number of players and technical team traveling overseas for a match: 25

Photo: FUFA president Moses Magogo (left) and the Managing Director of NIC Mr. Bayo Folayon during today’s press conference.

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