Beyond the salary slip: Why financial planning shapes fulfilling retirement
Stanbic Bank Senior Sales Manager, Priscus Kavishe, speaking to retirees and financial professionals during a conference organised by Stanbic Bank Tanzania aimed at providing financial education and insurance to retirees in the country in Dar es Salaam. PHOTO | CORRESPONDENT
Dar es Salaam. Pensioners and upcoming retirees in Tanzania have been encouraged to adopt structured financial planning, insurance and investment solutions to ensure dignified and fulfilling lives beyond their working years.
This was the central message at the Stanbic Bank Pensioners Forum, held as part of the bank’s 30th anniversary celebrations under the theme “30 Years of Growing Together.”
The event brought together retirees, financial experts, and industry professionals to discuss practical ways of managing life after retirement.
At the heart of the discussions was Hekima Banking, a specialised account introduced by Stanbic Bank to cater for individuals aged 55 and above. The account combines transactional convenience with savings, loans, and wealth advisory services.
According to Stanbic’s Senior Manager for Sales and Acquisition, Priscus Kavishe, the initiative aims to provide both security and opportunity.
“At Stanbic Bank, we believe that retirement should not be seen as the end, but as the beginning of new opportunities. With Hekima Banking, we are providing pensioners with practical solutions that enable them to live comfortably, invest wisely, and continue contributing meaningfully to their families and communities,” he said.
The Hekima account offers no monthly fees, no minimum balance, multi-currency options, and round-the-clock digital access.
Retirees can also access loans of up to Sh80 million at favourable interest rates, using pension benefits as collateral. In addition, they can request medical insurance and explore other tailored insurance products.
Stanbic’s Bancassurance Officer, Naphtal Ntangeki, highlighted the role of protection in retirement planning.
“A secure retirement is not built on savings alone. Insurance gives pensioners the confidence to plan their future without fear of financial shocks.
At Stanbic, we integrate protection into our solutions so that pensioners can live their later years with stability and dignity,” he explained.
Participants welcomed the initiative, describing it as both informative and practical. Michael Liymbo of KPMG said the forum had been an eye-opener.
“I have learned how solutions like Hekima Banking and insurance cover can help pensioners not only secure their finances but also live a dignified retirement. This initiative by Stanbic Bank truly benefits us as professionals and as future retirees,” he noted.
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