Get in touch
Speak to an expert
Complete the form and we’ll get back to you.
How it works
Great value, real rewards
Cashback is an optional benefit available on selected Sanlam Life Insurance plans. Adding the Cashback benefit increases your premium by 50%. After 15 years of continued contributions, the additional premium falls away and you can take your Cashback payout or let it continue to grow.
Cashback is only available on qualifying Classic, Premier and Premier Smart life insurance plans.
Benefits
What you get
- Optional benefitThe Cashback benefit can be added to a new or existing qualifying insurance plan.
- Cover and rewardIf you need to claim, you will have cover in place. If you don’t – you get a Cashback payment.
- Up to 100% money backYou can get up to 100% of your premiums back for a specific cover layer after 15 years.
- A safety netThe cash amount can come in handy for specific needs like paying for that dream holiday, home renovation expenses, paying towards your children’s education or a safety net for unexpected expenses.
- Value for moneyA set additional premium of 50% is charged for the Cashback benefit on a specific cover layer. This premium falls away after 15 years - even if the amount is left to further accumulate - ensuring value for money.
FAQS
Your questions answered
When is the Cashback benefit paid?
You can claim your Cashback for a specific cover layer after 15 years, subject to continued premium payments. It will equal 100% of the contributions you have made for that cover layer.How can I use my Cashback?
You can use it however you choose. Think of it as a bonus that gives you extra financial breathing room, whether you want to plan ahead, cover unexpected costs, or simply do something meaningful with it.How does cover and Cashback work?
If you ever need to claim, your cover provides protection. If you don’t, you’ll still receive a Cashback payment at the end of the term as a reward for staying on track.