Sanlam Income Protection

Pays you a monthly income if you become sick or disabled and are unable to work temporarily or permanently.

From as little as R100 pm
About Income Protection

Cover for when you can’t work

Sanlam Income Protection covers you and your family if you lose your income due to permanent or temporary disability or illness, by paying you a monthly income that allows you to maintain your standard of living. 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 income protection today protects your ability to earn an income tomorrow, ensuring that no matter what the future holds, you and your family will be financially secure. 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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If you’re looking for straightforward life insurance, get a full quote online in minutes with Sanlam Indie.
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If you’d like personalised life insurance, ask one of our qualified advisers to call you back to discuss your options.

Why Sanlam Income Protection?

Personalised cover depending on your current level of income
Premiums from as little as R100 pm
Tax-free payout
Wealth Bonus rewards
Quick and easy application process
Cover Options

What about additional cover?

lump sum
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
Disability Cover

Sanlam 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.

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 as 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

Cover amount
How much income protection do you need? Most people need to cover around 85% of their net income in case they become disabled. 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.
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 premiums 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.
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.
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 Income Protection, 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.
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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