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- Funeral Expenses Cover
- Immediate Expenses Cover
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Plan for the unexpected
No one wants to think about passing away – especially when you are young and healthy. But what would happen if you or your loved ones were to pass away unexpectedly. Would there be enough to pay for the funeral, travelling and accommodation expenses of relatives, food and drinks during the funeral ceremony?
Funerals in South Africa can cost anything from R6,000 up to R50,000 and your family shouldn’t have to worry about the cost that comes with funerals. Sanlam’s funeral and immediate expenses cover options provide a lump-sum payout.
This lump-sum amount can be used to pay for:
Burial or cremation
Flowers
Food
Headstone or memorial stone
Graveside tent
Programmes for service
Preparation, storage and transport of body
Registration of death
Travel costs, etc.
Funeral Expenses Cover
Get cover of up to R100 000*
No need to answer any medical questions for the people you want to provide cover for with this benefit, not even a short medical questionnaire
The benefit aims to pay within 48 hours**
You can provide cover for yourself, your immediate family or extended family***
The benefit can be added to new or existing plans – no need to take out a separate funeral product for extended family members
*Cover for children under 14 years is limited according to legislation
**Waiting periods for claims due to natural causes and suicide apply, as indicated in the contract documents under the life insured’s name. This could be waivered in some instances.
***This benefit cannot be the only benefit on a plan, for instance, if you are also the planholder on the plan and want to take the benefit on your own life, it must be taken in combination with other benefits. Various rules apply for our various product options, please consult your financial adviser to advise you on your specific scenario.
Immediate Expenses Cover
The Immediate Expenses Cover aims to assist with costs incurred soon after the passing of a loved one, such as living costs of the dependants and insurance of estate assets.
Get a lump-sum payout of up to R150,000 within 48 hours to use on expenses such as:
Ensuring short-term insurance is intact
Bond or mortgage instalments
Vehicle and home insurance premiums
Credit cards and personal loans
Municipal accounts
General living expenses for those who were financially dependent on the deceased
faqs
Frequently asked questions
- What happens if I can't pay my premium?
It is important that you regularly pay your premium to keep your cover intact. Should you be unable to pay your premium, it may have an impact on you being covered. It is very important to contact us immediately should you skip premiums, to discuss options of how to keep your valuable cover in place, and stay protected.
- How does Wealth Bonus® and Cashback work?
We've created two valuable benefits that reward you for keeping your cover in place. As a Sanlam client with a qualifying product, you have the option of adding our Cashback benefit to any qualifying new or existing risk plan. It rewards you for keeping your cover intact, and pays out after 15 years of continued contributions to your policy. A set additional payment of 35% is charged for the Cashback benefit on a specific cover layer. This payment falls away after 15 years – even if the Cashback amount is left to further accumulate – ensuring great value for money.
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. Wealth Bonus® unlocks every 5 years, a portion of your Wealth Bonus® is made available to you to withdraw or leave invested.
our products
Need anything else?
- Products
Life Insurance
Protect your loved ones with the tax-free lump sum from Sanlam Life Insurance, which can ease your family’s financial burden if you die unexpectedly.
Disability Cover
Helps you manage the financial implications of a permanent disability with a lump-sum payout that can be used for day-to-day and disability-related expenses.
Severe Illness Cover
Helps cover the unexpected costs of a dread disease, leaving you to focus on your health.
Cancer Cover
Protects you against the financial implications of living with cancer.
Income Protection
Pays you a monthly income if you become sick or disabled and are unable to work temporarily or permanently.
Funeral Cover
Helps you and your loved ones manage funeral-related expenses. Is your family in a position to cover the costs of a funeral?
Credit Life Cover
Ensure that your large debts, like your home loan, are paid when your ability to earn an income is affected.
Health Solutions
Medical aid encompasses a range of healthcare services and financial assistance provided to individuals to promote their physical well-being and treat illnesses or injuries.