Sanlam Disability Cover

Helps you and your loved ones manage the financial implications of a temporary or permanent disability.

From as little as R100 pm
About Disability Cover

Support when you need it

You may not be able to predict the future, but you can ensure that you and your family remain financially stable should you become permanently impaired or disabled and find yourself unable to earn an income. How? With Sanlam Disability Cover, a range of insurance solutions that pays out a lump sum which you can use for daily and monthly expenses, therapies, and any changes you may need to make to your home to help you adjust to your new circumstances. And because we’re committed to paying on our promise, we follow a consistent, fair and objective assessment approach that saw us paying out R398 million in income cover claims in 2020.

Now is the time to protect your future

Taking out disability cover today protects your ability to earn an income tomorrow, ensuring that no matter what the future holds, you and your family will be able to enjoy the same standard of living. And given that this type of insurance looks after you as well as your loved ones, it makes financial sense whether you already have a family to support or you’re just looking after yourself right now. Ready to take the next step?

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Calculate your cover costs

Peace of mind starts from as little as R100/m. To find out how much you can expect to pay for our comprehensive Life Cover, take five minutes to answer these six questions.

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Benefits

Why Sanlam Disability Cover?

Can be personalised to meet your needs
From as little as R100 pm
Tax-free payout
Wealth Bonus rewards
Quick and easy application process
Cover Options

What about additional cover?

all
lump sum
monthly payout
Monthly Payout
Income Protection

Sanlam Income Protection protects you and your family against temporary and permanent illness or disability with a monthly payout that helps to support your current lifestyle.

Lump Sum
Life Insurance

Sanlam Life Insurance eases the burden on your family should you die unexpectedly, by paying out a tax-free lump-sum amount that can be used to cover their expenses now and in years to come.

Lump Sum
Funeral Cover

Is your family in a position to cover the costs of a funeral? Sanlam Funeral Cover offers up to R100 000 cover for you and up to 21 beneficiaries, with most claims paid out within hours.

Lump Sum
Severe Illness Cover

Would you be financially stable if you were suddenly diagnosed with a serious illness or suffered a heart attack? Sanlam Severe Illness Cover helps you cover everyday expenses as well the costs associated with a dread disease.

Lump Sum
Cancer Benefit

The Sanlam Cancer Benefit provides comprehensive cover for cancers, tumours, leukaemia and lymphomas with a cash payout that can be used for out-of-pocket medical costs and the many hidden expenses associated with this disease.

Lump Sum
Credit Life Cover

Are you planning to take out a home loan or similar large loan? Sanlam Credit Life Cover ensures that your loan is paid if you are unable to do so as a result of retrenchment or disability, or because you pass away.

Speak to an expert

If you need help deciding what your next steps should be, speak to a Sanlam adviser who can help you make the best choices for you and your loved ones.

Product Information

Take a closer look at our cover

Disability Cover vs Life Insurance
Not sure whether you should opt for life insurance or disability cover or both? Here’s a look at what each one has to offer. Life Insurance is designed to provide financial support for your family should you pass away unexpectedly by paying out a tax-free lump sum that can be used to cover immediate and future expenses. Disability cover, on the other hand, provides for you and your family while you are still alive by paying out a tax-free lump sum should you become temporarily or permanently injured or disabled. If you have loved ones who are dependent on you, adding disability cover to your life insurance ensures that they are also taken care of should you become permanently impaired or disabled and not only should you pass away unexpectedly. It also ensures that you are financially secure should your impairment or disability prevent you from earning an income. If you don’t have any dependants, however, you may decide to opt for disability cover only and relook your decision should your circumstances change in the future.
Cashback and Wealth Bonus benefits
We’ve created two valuable benefits that reward you for keeping your cover in place. As a Sanlam Matrix client, you have the option of adding our Cashback benefit to any qualifying new or existing risk plan. If you do so, your monthly payment will increase by 35% until you reach the 15-year mark, when 100% of your contributions will be made available to you to spend as you like – put the payout towards your children’s education, home renovations, unexpected expenses or even your retirement. Alternatively, you can choose to leave your lump sum to grow until you need it. You can also look forward to benefiting from Wealth Bonus – a portion of your contribution that’s invested in a Money Market fund until you turn 70, ensuring that your money keeps making money. With every 60 premiums you pay, a portion of your Wealth Bonus is made available to you to withdraw or leave invested.
Optional extras
Sanlam has been protecting the financial futures of South Africans for over 100 years and our comprehensive Sanlam Matrix disability offering includes several first- of-their-kind add-ons, depending on the benefit you choose, that help to provide total peace of mind: Extended Occupational Disability Cover continues your cover for up to 12 months if you decide to take a sabbatical or time off to look after your kids, or you find yourself between jobs due to retrenchment.
  • Built-in Future Cover for Young Lives provides disability cover for young adults who are without debt or dependants and gives you the option of applying for an equivalent amount of life insurance before you turn 35 (with little or no medical underwriting) should your circumstances change.
  • Temporary Incapacity for Accidental and Non-Accidental Causes helps to provide protection against the risk of health events that are not necessarily permanent, but may mean that you’re unable to work for an extended period. Other optional benefits include:
  • Prosthesis Booster acknowledges how expensive prosthetic devices can be and gives you additional cover up to 250% of your cover amount, limited to R10 million, for certain claim events to help you regain as much of your independence as possible.
  • Built-in Child Cover helps to protect your income by paying a percentage of your cover if your child suffers a serious illness or injury and you need to take time off work.
  • Boosted Payouts provides a payout boost up to 100% for various less severe impairment events.
Cover amount
How much disability cover do you need? Most of our clients opt to be covered for at least R350 000 or choose cover equal to six months’ worth of their net income – whichever is higher. If you need help figuring out your ideal cover amount, ask a Sanlam adviser to call you back and help you create a personalised solution.
Claims process
Because we understand that claims are submitted under very difficult and distressing circumstances, we’ve kept the process as simple and straightforward as possible. All claims can be submitted online in a few easy steps, and we’re here to help you every step of the way.
Claiming for disability
We strive to offer our clients a claims experience that sets the standard in the industry at all times, and follow a consistent, fair and objective assessment approach to ensure payment of valid claims. Disability claims will only be considered if the policyholder meets the definition of the claim event in question as it is explained in the policy, as well as any other contractual requirements.
Premium increases
Your cover can be automatically adjusted every year for inflation. Doing so ensures that should you need to submit a claim against your policy several years from now, your cover will still carry the same relative value as it does the day you took it out.
Skipped payments and payment holidays
We understand that life can throw you curveballs from time to time, which is why we have several options in place to help you maintain your cover while you get things back on track. As a Sanlam Matrix client, you may request a three-month payment holiday, during which time you’ll still benefit from limited cover. If you’re an Indie client, we allow you to skip a specified number of premiums while ensuring that your cover continues uninterrupted. What’s more, once you’ve been with Indie for three years, you qualify for additional premium skips for every year your policy remains in place. However, given that your cover amount depends on the number of premiums you’ve paid in the last six months, if you do miss one or more premiums, your cover will decrease accordingly.
Sanlam Reality discounts
Sanlam Reality is a lifestyle and rewards programme 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 qualify for special offers on selected Sanlam products, including Sanlam Disability Cover, where you could save as much as 30% on the cost of your monthly premium. You’ll also save money on wellness, travel and entertainment, and earn tier points for financially responsible behaviour. The more points you earn, the better your status and the bigger your discounts on certain benefits. Plus, if you apply for a Sanlam Money Saver credit card and use it at any of our national partners, which include Adidas, Incredible Connection, Jet and Edgars, up to 5% of your spend goes towards your Cashback bonus.
Underwriting
It may sound complicated, but underwriting is essentially the process your insurance provider uses to determine your risk status. This in turn affects your cover amount and monthly premiums, and establishes whether any terms and conditions apply to your policy. To help our underwriters calculate your status, you’ll be asked to supply information relating to your health, medical history, occupation and financial situation as well as details about where you’ve travelled or plan to travel and any potentially dangerous activities you participate in. You may also be required to complete a medical test. Our underwriting process is designed to ensure that you pay a fair premium for the full term of your cover and that your beneficiaries are able to claim confidently when the time comes. As carrying more risk for our clients forms part of our underwriting philosophy, your policy will remain unaffected should you change your occupation or smoking habits or take up risky activities after it has been issued.
Legal incapacity
As a Licensed Financial Services and Registered Credit Provider, we’re prevented by law from paying out a claim to any client who has lost their legal capacity to act. So, to ensure that we’re still able to take care of you if you’re unable to take care of yourself, we’ve put the Sanlam Protector Umbrella Trust in place. By giving your consent upfront, we’re able, should you lose your legal capacity to act, to pay your tax-free lump sum to the Trust, where it will be managed on your behalf – this protects against a delay in payment at a time when you and your family need financial support the most.

Got questions about your cover?

We are here to assist with any financial advice, claims or policy related queries or concerns.

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