Dar es Salaam. Pensioners and upcoming retirees in Tanzania have been urged to embrace structured financial planning, insurance, and investment solutions to ensure dignified and fulfilling lives beyond their working years.
This was the key message at the Stanbic Bank Pensioners Forum, an event that brought together retirees, financial experts, and industry professionals to discuss practical ways of managing life after retirement.
The forum forms part of Stanbic Bank’s 30th anniversary celebrations, themed “30 Years of Growing Together.”
At the center of the discussions was Hekima Banking, a specialized account launched by Stanbic to address the unique needs of individuals aged 55 and above. The account provides pensioners with a combination of transactional convenience, savings, loans, and wealth advisory services.
According to Priscus Kavishe, Senior Manager for Sales & Acquisition at Stanbic Bank, the initiative is designed to give pensioners 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,” Kavishe said.
The Hekima account comes with no monthly fees, no minimum balance, multi-currency options, and 24/7 digital access. Retirees can also access loans of up to Sh80 million at favorable interest rates, with pension benefits serving as collateral. In addition, pensioners can request medical insurance and explore other insurance products.
The importance of protection in retirement was further underscored by Naphtal Ntangeki, Stanbic Bank’s Bancassurance Officer, who noted that insurance is a vital component of financial 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,” Ntangeki said.
Participants at the forum welcomed the initiative, noting that it provided both knowledge and actionable solutions. Michael Liymbo from KPMG, who attended the forum, described the event as impactful. “Today’s forum has 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,” Liymbo said.
The Pensioners Forum is part of Stanbic Bank’s year-long activities to mark three decades of operations in Tanzania. Beyond celebrating its history, the bank is using the milestone to introduce solutions that align with the national Vision 2050 agenda of promoting financial inclusion, resilience, and improved quality of life for all citizens.
