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Life Insurance

Help your family pay for your funeral and debt if you pass away.

Although you are now just enjoying your student life and dreaming about the future, life is unpredictable and death can come at any time, whatever your age. You don’t want your parents and loved ones to deal with an additional financial burden on top of their loss. Life Insurance for Student Professionals can help them cover the necessary expenses if something happens to you.

Benefits

  • Life insurance will help your beneficiaries (for example your parents) to settle your debt, like your study loan, or to pay for your funeral.
  • Your beneficiaries will not pay tax on the proceeds of your life insurance
  • We will only ask you for your health and lifestyle information once when you take out the insurance. You don’t have to tell us if you change your lifestyle activities or smoking habits – we’ll carry this risk.

How it Works

You have three options:

  • Life Insurance
    You make monthly payments of R10. If you pass away, your nominated beneficiaries will receive a tax-free one-off pay-out of R100 000.
  • Final Expense Benefit
    You make monthly payments of R1. If you pass away, your nominated beneficiaries will receive a tax-free one-off pay-out of R10 000 within 48 hours so that they can cover urgent costs, like your funeral.
  • Future Cover
    You make monthly payments of R50. If your health deteriorates (for example, you are diagnosed with an illness), you can buy additional life insurance without having to proof your health. In other words, the state of your health won’t prevent you from taking out additional life insurance.

Requirements to take out this plan

  • You must be in your fourth academic year or higher
  • You must be younger than 30
  • Studying towards one of Sanlam's specified professional occupations

Get a Quote

Choose how much you want to insure yourself for, calculate the monthly cost of different options and get an online quote for the personal cover you need. We explain the different kinds of cover step by step.

Get an online quote

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Sanlam Life Insurance is a licensed financial service provider.
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