Platimum Life Insurance

This is an enhanced product to the Income Protector but offers income protection against death or disability; directly caused by an accident or illness based on the income of the client. The product is suitable for personal current account holders and business account owners of Stanbic Bank.

The cover includes the following benefits: -

  • Life Cover which continues for the rest of ones’ life
  • Critical Illness - Lump sum payment on first diagnosis of major Cancer, Heart Attack, Stroke etc.
  • Physical Impairment - 100% benefit pay out in the event of Permanent Loss of Sight, hearing, loss of use of two limbs; Major Burns, 4 ADL’s etc. 50% benefit pay out: Loss of one limb, loss of sight in one eye etc.
  • Permanent Disability - Lump sum pay out in the event of in incapacity due to Bodily injury, illness, disease.
  • Annual Benefit Increase of 5% or 10% per annum to cater for inflation
  • Cash Back of 20% premiums paid of core benefit every 5 years.
  • Funeral Benefit
  • The maximum benefit for an individual is based on a multiple of their annual income (subject to a maximum of Kes. 35 million) as per the table below:



Maximum sum assured

Under 30

30 x annual income

31 - 50

20 x annual income

over 50

10 x annual income


This is an exclusive product to Stanbic Bank.

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