Income Protector Insurance
Your most valuable asset is you and your ability to earn an income during your working career. This product offers income protection cover against death or disability; directly caused by an accident or illness.
The cover includes the following benefits: -
- Life & Permanent Disability benefit of 12 months gross salary/income
- Retrenchment benefit for salaried individuals of 70% of monthly salary/income for 3 months
- Funeral benefit of Kes. 100,000
- Automatic benefit increase of 5% per annum to cater for inflation
To maintain the valuable cover on retirement or when one ceases employment you can convert your cover to Essential Life which provides for the continuation of the Life cover benefit for the remainder of your life.
This is an exclusive product to Stanbic Bank.