We provide affordable, simple and convenient life insurance solutions, which help pay the bills and finance the future needs of one’s family in the event of a tragedy.
Stanbic’s medical insurance provides payment of medical expenses arising from an accident or illness, for the individual and/or their family. This may be extended to include parents/parents-in-law. The cover provides for inpatient benefits, i.e. when the individual is hospitalised (inclusive of maternity), and outpatient care, when the individual accesses consultation services and drugs inclusive of optical and dental care.
The cover includes:
These countries, together with India, have an estimated 151 million cases of malaria and 275 000 deaths – and the number of cases in African countries is rising. Nigeria accounts for 25% of total cases, followed by Mozambique with 11%.
In Nigeria, malaria accounts for over 15% of infant mortality (children below 12 months), 30% of childhood mortality (children under five years) and 11% of maternal mortality. Stanbic IBTC’s partnership with Slum2School Africa raises awareness about malaria prevention and aims to reduce the mortality rate across communities. We provide direct access to high quality, long-lasting insecticide for vulnerable children, pregnant women and families across three states. We also sponsor vaccinations for children and medical treatment for adults and children. Our employees are actively involved in these initiatives. In 2019 we provided insecticide-treated nets to 3 000 vulnerable children, pregnant women and families across three states, and financed medical treatment for adults and children, representing a total investment of USD15 500 (R224 000).
Tropical Cyclone Idai caused catastrophic damage in Mozambique, Zimbabwe, and Malawi in early 2019. Many people, including some of our employees, lost their homes and belongings. Some lost family members and loved ones.
Our CSI teams in several of our countries of operation made funding available to assist those impacted by the storm, enabling free healthcare provision to the underserved, and provision of critical supplies, including bottled water, food and blankets. Total monetary contributions amounted to over R1.2 million.