Protect your income. Secure your future.

Most Sanlam insurance solutions include Wealth Bonus® as part of your benefits.

Here’s how it works:
• Your premiums cover your protection, and with every payment, Sanlam adds an extra amount to your Wealth Bonus®.
• Over time, if you keep your policy active, the full Wealth Bonus® amount will unlock and become yours.
• If you cancel or allow your policy to lapse, any locked Wealth Bonus® will be lost.
• Wealth Bonus® is linked to market performance, so if markets underperform, the value may decrease – just like a real investment.
• The timing and method of unlocking your Wealth Bonus® depend on your specific product.

It’s a smart way to grow additional value while staying protected. For personalised advice on how Wealth Bonus® works for your cover, speak to a qualified Sanlam Financial Planner.

We know that claiming often happens during stressful times, so the process has been simplified and made as supportive as possible. You can submit your claim online in just a few simple steps. Our Sanlam Financial Planners will guide you every step of the way, ensuring you get the support you need when it matters most.

Submit an income claim

A good guideline is to protect around 85% of your net income. This ensures you can maintain your lifestyle and meet essential expenses if you’re unable to work due to illness or disability.

Everyone’s situation is different, so the best way to determine the right amount of cover is to get personalised advice.

Request a call from a Sanlam financial planner, and they’ll help you create a solution that fits your needs and goals.

Your premium is based on a process called underwriting. While it may sound complex, underwriting simply helps to understand your risk profile in order to offer fair and accurate cover. This process determines your monthly premium, your cover amount, and whether any specific terms apply to your policy.

To calculate this, we’ll ask for details about your health, medical history, occupation, financial situation, and any travel plans or high-risk activities. In some cases, a medical test may be required.

Sanlam’s goal is to make sure you pay a fair premium for the full term of your cover and that your beneficiaries can claim with confidence. Importantly, once your policy is issued, it won’t change if you later switch jobs, take up new activities, or change your smoking habits.

Your premium isn’t completely fixed – and that’s a good thing. To keep your cover relevant over time, it can be automatically adjusted each year for inflation.

This means that if you need to claim years from now, your cover will still hold the same relative value as when you first took it out.

It’s a simple way to make sure your protection keeps pace with the cost of living, giving you confidence that your financial security won’t fall behind.

We understand that life doesn’t always go as planned, which is why Sanlam offers flexible options to help you keep your cover in place while you get back on track. Sanlam Matrix clients can request a three-month payment holiday, during which you’ll still enjoy limited cover. Indie clients can skip a set number of premiums without losing cover. After three years with Indie, you’ll qualify for extra premium skips for every year your policy remains active.

Keep in mind that your cover amount depends on the premiums paid in the last six months, so missing payments may reduce your cover.

If affordability is a concern, speak to a Sanlam financial planner for guidance on the best way forward.

One way to reduce your costs is by joining Sanlam Reality, Sanlam’s lifestyle and rewards programme. It’s 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’ll enjoy:

• Discounts on selected Sanlam products, including up to 30% off Sanlam Severe Illness Cover premiums.
• Savings on wellness, travel, and entertainment.
• Rewards for financially responsible behaviour – the more tier points you earn, the better your status and the bigger your discounts.

Plus, if you apply for a Sanlam Money Saver credit card and use it at national partners like Adidas, Incredible Connection, Jet, and Edgars, up to 5% of your spend goes towards your Cashback bonus.

It’s a smart way to make your cover more affordable while enjoying extra lifestyle benefits.

If you lose your legal capacity to act, Sanlam is prevented by law from paying a claim directly to you. To make sure you’re still taken care of, Sanlam created the Sanlam Protector Umbrella Trust.

By giving your consent upfront, we can pay your tax-free lump sum into the Trust if you become legally incapacitated. The funds will then be managed on your behalf, ensuring your family receives financial support without unnecessary delays at a time when it matters most.

If you pass away six months after your Wealth Bonus® start date, all accumulated Wealth Bonus® – whether locked or unlocked and not yet withdrawn – will be paid to your estate.

This ensures that the value you’ve built up continues to benefit your loved ones.