Skip Ribbon Commands
Skip to main content

Skip Navigation Linksincome-protection Income Protection

Invest

Advice

Service

Invest Online Back

Call me back

Email us

Back

Call me back

Email us

Email us

Skip Navigation LinksGraduates Insurance

Income Protection

Give yourself the certainty of income.

Being unable to work due to either temporary or permanent illness or injury can place you, your family and your business under serious financial strain. Sudden impairment or a seriously ill spouse or child can also affect your income and your ability to meet your obligations. Income protection offers you a regular income to maintain your lifestyle and take care of your family when life events influence your ability to provide financially. Speak to an accredited financial planner to select the most appropriate combination of income protection benefits for your needs and circumstances.

How it Works

How does income
protection work?

Short-term Benefits

What are my
short-term benefits?

Long-term Benefits

What are my
long-term benefits?

Get Advice

Get Advice

Expert advice from
accredited professionals.

How it Works

An Income Protector benefit ensures a steady, tax-free monthly income to meet your financial obligations if you lose part or all of your income due to being temporarily or permanently unable to work.

  • If you own a business, an Income Protector benefit can enable you to employ someone to run the business in your absence.
  • If you work for a company, the benefit can plug the expense gap if the cover put in place by your employer isn’t enough.
  • It can also top up your salary during times when you’re able to work, but have additional expenses due to certain life events.

Short-term Benefits

Our Income Protector benefits are categorised into short-term and long-term benefits and can be combined depending on your needs. The Temporary Disability Income benefit, Sickness Benefit and Overhead Expenses Protector benefit will insure your income for the short term (up to 24 months).

This benefit pays a monthly income should you lose all or part of your income when illness or injury leaves you unable to work. For certain claims, such as various fractures and ligament injuries, you will receive an income irrespective of whether you actually lose your income. This benefit is typically combined with the Extended Disability Income benefit to provide continuous cover.

Two optional benefits are available under this benefit, which will pay the cover amount for a period of six months:

1. Spouse Protector


This benefit greatly alleviates the financial strain you would suffer if something happens to your spouse. Consider, for instance, the impact of having to pay for a nurse, should your spouse become seriously ill. It pays out when your spouse gets a serious illness or passes away and covers events such as cancer, heart attack, liver failure and a stroke.

2. Child Protector


This benefit significantly alleviates the financial strain you would suffer if something happens to your child, such as a serious injury, which forces you to take some time off work. It will pay out when your child is seriously ill, injured, or passes away. Some of the events that are covered include:

  • Various diseases, such as cancer, organ failure, Crohn’s Disease, epilepsy and anorexia.
  • Injuries or accidents such as head injuries, rib fractures, gunshot wounds, dog bites and near-drowning.
  • Impairments, such as loss of sight, hearing, speech and loss of the use of limbs.
  • Infections, such as rabies, tetanus, meningitis and the Ebola virus.

Your income is one of your greatest assets – it gives you the lifestyle you’re enjoying and helps you take care of your family. But what will happen if you fall ill or are injured and are unable to work for a period of time? The Sickness Benefit insures you against loss of income, enabling you to maintain your lifestyle and take care of your family while you don’t earn an income.

  • You receive regular payments when you have to take sick leave due to illness, injuries or pregnancy complications.
  • You can choose whether your benefits end at age 65 or 70
  • If you are booked off for longer than 14 days or 30 days, you can claim for a sickness benefit depending on the waiting period you have selected.
  • You can claim up to 3, 6, 12 or 24 monthly benefit payments, depending on the benefit payment period you have selected.

Two optional benefits are available under this benefit, which will pay the cover amount for a period of six months:

1. Spouse Protector


This benefit greatly alleviates the financial strain you would suffer if something happens to your spouse. Consider, for instance, the impact of having to pay for a nurse, should your spouse become seriously ill. It pays out when your spouse gets a serious illness or passes away and covers events such as cancer, heart attack, liver failure and a stroke.

2. Child Protector


This benefit significantly alleviates the financial strain you would suffer if something happens to your child, such as a serious injury, which forces you to take some time off work. It will pay out when your child is seriously ill, injured, or passes away. Some of the events that are covered include:

  • Various diseases, such as cancer, organ failure, Crohn’s Disease, epilepsy and anorexia.
  • Injuries or accidents such as head injuries, rib fractures, gunshot wounds, dog bites and near-drowning.
  • Impairments, such as loss of sight, hearing, speech and loss of the use of limbs.
  • Infections, such as rabies, tetanus, meningitis and the Ebola virus.

When you are temporarily unable to work due to illness or injury, this benefit will allow your business to continue operating. It pays a monthly amount for up to 24 months, which can help cover your business’s overhead expenses. You could decide to use the payout to employ a locum to run the business in your absence.

Long-term Benefits

Our Income Protector Benefits are categorised into short-term and long-term benefits and can be combined depending on your needs. The Extended Disability benefit, Total and Permanent Disability Income benefit and Death Income benefit will insure your income for the long term.

This benefit pays a monthly income that enables you to meet your obligations, such as school fees, groceries and mortgage payments, if you lose all or part of your income when illness or injury leaves you unable to work. You can opt to add the Pre-retirement Impairment Income benefit to provide financially if you suffer a permanent functional impairment before retirement. If you select whole life cover, you will be covered by the Post-retirement Impairment Income Benefit, which will provide financially if you were to live with an impairment in retirement.

1. Pre-retirement Impairment Income Benefit


  • This benefit pays if you suffer a functional impairment before retirement.
  • You’ll receive up to 100% of the cover amount as an income when you suffer a permanent functional impairment, such as the loss of eyesight or hearing, or loss of proper organ function.
  • The benefit will assist with the additional costs associated with suffering and living with an impairment, even if you’re still able to work.
  • The benefit will pay until you reach the age selected for your cover to end or 70 years, whichever comes first.

2. Post-retirement Impairment Income Benefit


  • This benefit will pay if you live with a functional impairment during retirement.
  • You’ll receive up to 50% of the cover amount as an income when you suffer a permanent functional impairment, such as the loss of eyesight or hearing, or loss of proper organ function.
  • It will assist with the additional costs associated with living with an impairment during retirement, which can put significant strain on your pension income.
  • The benefit will pay for the remainder of your life.
  • This benefit will pay if you become totally and permanently unable to perform your occupation due to illness or injury.
  • It pays a monthly income until the age you selected when you took out the cover.
  • In most cases you’ll receive 100% of the cover amount as an income.
  • It will not pay out on temporary disability.
  • This benefit will pay if you die.
  • It pays a monthly income to your dependants until the cover cease date.
  • Sanlam will pay your dependants for at least five years, even if you die shortly before the cover cease date.
  • By receiving a monthly payment rather than a lump sum, your dependants don’t need to be burdened with the financial responsibility of investing and managing a lump sum. You will also have the peace of mind that the cover will not run out.

Contact Us

Tel: 0860 726 526

Get Advice

Invest

Advice

Service

Invest Online Back

Call me back

Email us

Back

Call me back

Email us

Email us

Sanlam Life Insurance is a licensed financial service provider.
Copyright © Sanlam