Sanlam Life Insurance : sanlamonline.co.za
Organisation : Sanlam
Facility Name : Sanlam Life Insurance
Country : South Africa
Website : https://www.sanlamonline.co.za/personal/insurance/life-insurance/
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What is Sanlam Life Insurance?
Sanlam Life Insurance eases the burden on your family should you die unexpectedly by paying out a once-off tax-free amount that can be used to cover their expenses now and in years to come – expenses like funeral and estate administration costs, outstanding debts and daily needs.
Related / Similar Facility :
Quick pay-outs:
To help cover immediate expenses
Flexible premiums:
From R100 per month
Built-in Wealth Bonus®:
Wealth Bonus grows from day one
Apply Here : https://www.sanlamindie.co.za/start/intro
We Pay Out Fast:
Because we understand that the loss of a loved one creates immediate expenses, we give you the option of separating your life insurance payment into two portions. The first, a quick payout portion, is settled within two days of the claim submission, allowing your family to cover funeral costs and on-the-spot expenses. The second payment is made after the required processes have been completed and can be used to cover estate costs, outstanding debt and future expenses.
Sanlam Life Insurance comes with Wealth Bonus®. Your premium pays for your insurance and we will contribute an additional amount, with every premium.
How Wealth Bonus Payouts Work?
For all your Wealth Bonus® benefits, if you keep the product for long enough, the full amount will eventually unlock and become yours. But if you cancel or lapse, or if you die, any locked Wealth Bonus® will be lost. It will also be lost if the market underperforms, because Wealth Bonus® performs like a real investment. When exactly Wealth Bonus™ unlocks and how it is made available, will depend on your product.
FAQ On Sanlam Life Insurance
Frequently Asked Questions FAQ On Sanlam Life Insurance
Cashback & Wealth Bonus Benefits:
We’ve created two valuable benefits that reward you for keeping your cover in place. As a Sanlam Matrix client, you have the option of adding our Cashback benefit to any qualifying new or existing risk plan. It rewards you for keeping your cover intact, and pays out after 15 years of continued contributions to your policy.
A set additional payment of 35% is charged for the Cashback benefit on a specific cover layer. This payment falls away after 15 years – even if the Cashback amount is left to further accumulate – ensuring great value for money. Put the payout towards your children’s education, home renovations, unexpected expenses or even your retirement. Alternatively, you can choose to leave your lump sum to grow until you need it.
You can also look forward to benefiting from Wealth Bonus® – a portion of your contribution that’s invested in a Money Market fund until you turn 70, ensuring that your money keeps making money. With every 60 premiums you pay, a portion of your Wealth Bonus® is made available to you to withdraw or leave invested.
Claims Process:
Because we understand that claims are submitted under very difficult and distressing circumstances, we’ve kept the process as simple and straightforward as possible. All claims can be submitted online in a few easy steps, and we’re here to help you every step of the way.
Cover Increase:
Your cover can be automatically adjusted every year for inflation. Doing so ensures that should you need to submit a claim against your policy several years from now, your cover will still carry the same relative value as it does the day you took it out.
Sanlam Reality Discounts:
Sanlam Reality is a lifestyle and rewards programme available to all Sanlam and Santam clients as well as members of Bonitas Medical Fund, Fedhealth Medical Aid, Barloworld Medical Scheme and Nedgroup Medical Aid Scheme. As a member, you qualify for special offers on selected Sanlam products, including Sanlam Life Insurance, where you could save as much as 30% on the cost of your monthly premium.
You’ll also save money on wellness, travel and entertainment, and earn tier points for financially responsible behaviour. The more points you earn, the better your status and the bigger your discounts on certain benefits. Plus, if you apply for a Sanlam Money Saver credit card and use it at any of our national partners, which include Adidas, Incredible Connection, Jet and Edgars, up to 5% of your spend goes towards your Cashback bonus.