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Life Insurance

Make sure your loved ones are able to take care of their financial needs after you’re gone.

We often spend time and effort planning for that special event, such as a wedding, big birthday or the arrival of a baby. At Sanlam we believe the rest of your life after the big event is just as important. That’s why we spend considerable time understanding your needs and ensuring that your income is protected from disability, illness or worse. Get the ideal life cover plan tailored to suit your personal needs.

Life Insurance Cover

Choose the best cover option for your needs.

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What Moms-to-be Really Talk About

We put 7 pregnant women in a room to see what they would talk about, and how long each conversation topic would last.

64 minutes discussing baby’s arrival.
2 minutes talking about their financial future.

Focusing on the short-term implications of big life events is human nature. At Sanlam, we believe that life after birth requires just as much consideration as the planning that goes into it.

Please note: This video contains the personal opinions of the individuals involved, and does not necessary reflect the opinions held by Sanlam.

Sanlam's Life Insurance Cover

Excellent cover at attractive rates, with the flexibility to add to your benefits.

Sanlam's life insurance cover offers maximum choice and flexibility as well as higher cover amounts at attractive rates. You can combine life insurance, disability cover, critical illness cover and income protection with additional offerings, such as accident cover. The type and level of cover you need depends on your personal needs and circumstances. We recommend that you speak to a financial planner to help you select the most appropriate cover.

  • Life insurance can help your family cover the following costs:
    • Funeral costs
    • Costs associated with the administration of your estate
    • Repaying outstanding debt
    • Regular living expenses
  • Your beneficiaries do not pay tax on the proceeds of your life insurance
  • You can opt for the Funeral and Other Immediate Expenses benefit that will pay out within 48 hours so that your family can cover urgent costs, such as funeral costs and daily essentials
  • If you're diagnosed with a terminal illness and your life expectancy is less than one year, you will receive an immediate tax-free, one-off pay-out
  • We will only ask you for your health and lifestyle information when you take out the insurance. You don't have to tell us if you change your occupation, lifestyle activities or smoking habits - we'll carry this risk.
  • You can add a Cashback benefit to your plan at an additional cost of 35% on premiums. With this benefit, if your cover is still intact for 15 years, you will receive a 100% of your premiums paid for this cover back in cash.
  • Contact your financial planner for more information on how to apply for the Cashback benefit and what it can mean for you
  • You make monthly payments until your death
  • When you die, your nominated beneficiaries receive a tax-free, one-off pay-out. The amount depends on your specific plan.

The cost of the insurance will depend, among other things, on your age and your risk profile when you take out the plan.

When you take out life insurance, various types of underwriting like medical tests and questions about your lifestyle and occupation take time and therefore affect how long it takes to issue your plan. At Sanlam we know that your time is precious and we know that some people really don't like the idea of going for medical tests.

That's why we now offer you a choice between two options:

Express cover offers a simplified underwriting process at competitive rates.

  • Cover of up to R1 million requires no medical tests and you would need to answer only seven health questions
  • For cover above R1 million, we will ask only 12 health questions and you may be selected for a random Nicotine (smoker) test and a random verification of your height and weight
  • Random Nicotine tests are only applicable to non-smokers and do not necessarily need to involve a blood test - we also accept urine tests
Matrix cover involves traditional underwriting which involves a longer list of health questions and could include medical underwriting requirements like blood tests, medical examinations and past reports. In exchange, it provides a larger selection of benefits and higher amounts of cover at our most competitive rates.

Sanlam Reality members on the Reality Plus and Reality Health membership options can get discounts of up to 30% on qualifying risk products.
Speak to a financial planner and find out more.

Online Insurance Quote

This tool will help you understand what the kind of cover you want may cost you each month. You can select Life, Disability, Dread Disease, Accidental Injury or Accidental Disability cover.

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