As we work hard every day, we often ask ourselves: what about tomorrow? What do we want for our families five, ten, or twenty years from now? Surely, each of us desires a life of stability and security for our loved ones.
When planning for our children’s education, building a home, or growing a business, how can we ensure that these plans remain firm even when life takes unexpected turns?
Life insurance is a financial contract between an individual and an insurance company, where your payments guarantee financial protection for your family members in case of unforeseen circumstances. This ensures that your family is not burdened financially during crises and can continue with their plans without economic instability. Jumanne Mbepo, Senior Manager, Bancassurance, Stanbic Bank Tanzania, emphasizes: “Many people invest in their personal growth, but few consider long-term financial security. Life insurance is not an expense; it is an investment that protects the people you love.”
Through life insurance, one can ensure that dependents continue their lives with stability even in the face of unexpected tragedies. This was discussed in an online session organized by Stanbic Bank in collaboration with stakeholders from the insurance sector.
Jumanne John Muruga, Retail Manager, Alliance Life Assurance Ltd, explains: “Life insurance is more than just a payout to beneficiaries. It is a pillar of family and community sustainability. It ensures that children continue their education, businesses remain operational, and families stay strong even when a key provider is no longer there.”
In an unpredictable economic environment, life insurance serves as a financial shield, providing security and peace of mind for families.
Ahmed Musa, a businessman who owns a building materials shop in Dar es Salaam, is a father of three and husband to Aisha, who works in the healthcare sector. He decided to take life insurance after reflecting on his family’s future.
“I worked hard to build our home and ensured that my family has a place to live. But I asked myself, will my children be able to continue their education if my business fails? Will my business be able to support them in an emergency? That’s when I decided to seek a long-term solution,” says Ahmed.
Through guidance from Stanbic Bancassurance, Ahmed found an insurance plan that suits him, ensuring that his family remains financially stable in case of any unforeseen event.
“When I pay my insurance premium every month, I know I am investing in my family’s security. This gives me peace of mind and confidence that even if I am not around, my family will not face financial challenges,” he stresses.
Bancassurance is a service that allows banks to partner with insurance companies to offer insurance services directly through bank branches. This service simplifies access to insurance for customers by connecting them with financial protection plans that align with their needs.
According to Emmanuel Kaganda, Manager Insurance & Bancassurance Admin, Stanbic Bank Tanzania, “Bancassurance provides an opportunity for more people to access financial protection through the banks they trust. By partnering with insurance companies, we ensure that our customers receive seamless services, free advice, and tailored options that meet their financial needs.”
Through bancassurance services, customers can choose from a variety of insurance products, including life, health, and property insurance, depending on their financial situation and long-term goals.
Regarding products and services, Suzana Mseja, Relationship Manager, Bancassurance, Sanlam Life Insurance, explains:
“We have insurance policies designed for different people, from those just starting in life to those planning a peaceful retirement. Our insurance is simple, affordable, and offers great benefits to customers.”
Through bancassurance services, customers can choose from a variety of insurance products, including life, health, and property insurance, depending on their financial situation and long-term goals.
Regarding products and services, Suzana Mseja, Relationship Manager, Bancassurance, Sanlam Life Insurance, explains: “We have insurance policies designed for different people, from those just starting in life to those planning a peaceful retirement. Our insurance is simple, affordable, and offers great benefits to customers.”
Oyuke Phostine Filemon, Communications Specialist from the PPF Pension Fund Union, adds:
“Insurance is not just about compensation; it is a plan to ensure that your family remains financially stable. With different payment plans, a client can choose an insurance policy that fits their budget.”
For anyone looking for solid financial planning, considering insurance as a pillar of family and asset protection is essential. Stanbic Bancassurance services make it easier for customers to receive insurance advice and select the best plan for their needs.
In an unpredictable world, life insurance is a crucial tool for building a stable financial future for your family. Seek advice today and lay a strong foundation for a better tomorrow!
English
Arabic
Chinese (Simplified)
French
German
Italian
Russian
Spanish
Swahili