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Financial support during serious illness
The last thing you should be worrying about if you’re diagnosed with a dread disease like cancer or suffer a severe illness event like a heart attack is surviving financially. Sanlam Severe Illness Cover makes sure that you’re able to cover the unexpected costs of a serious illness – including treatment expenses not covered by medical aid and gap cover as well as necessary adjustments to your lifestyle – even if you’re able to continue working through your illness. And because we’re committed to paying on our promise, we follow a consistent, fair and objective assessment approach that saw us paying out R496.9 million for severe illness and injury cover in 2022.
Taking out severe illness cover today ensures that if you’re diagnosed with a serious condition in the future, you and your family will be in a position to survive it financially. 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?
What’s the difference between Severe Illness Cover and Life Cover
Not sure whether you should opt for life insurance or severe illness cover or both? Here’s a look at what each one has to offer.
Life Insurance
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.
Payout is fast because we understand that the loss of a loved one creates immediate expenses, we give you the option of separating your life insurance payment into two portions.
Severe illness cover
While severe illness cover also pays out a tax-free lump sum, it does so when you’re diagnosed with a specified serious illness. This payout can help to keep you and your family going financially if you need to take time off work to recover, for treatment costs not covered by medical aid, for other costs associated with a dread disease – home care, travel expenses for specialist treatment, childcare if you are hospitalised – or to improve your quality of life.
Need to talk to someone?
We are here to help you get the information your need. Fill out this form to get a call back or feel free to call us on Weekdays between the hours of 08:00 and 17:00
Get your free financial roadmap
Unlock your future with a simple eight-minute quiz. Learn about your financial preparedness across key categories and receive a unique roadmap filled with personalised goals. Your roadmap will empower and help guide you towards a financially confident future.
Need anything else?
Cancer Cover
Protects you against the financial implications of living with cancer. The Sanlam Cancer benefit provides comprehensive cover for cancers, tumours, leukaemia and lymphomas with cash payout that can be used for out-of-pocket medical costs and the many hidden expenses associated with this disease.
Life Insurance
Protect those you care about. 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.
Disability Cover
Sanlam Disability over 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.
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.
Will
Protecting your legacy starts with your will. No charge for your will, free will collection, free safekeeping of your will, and unlimited will amendments.
Credit Life Cover
Helps you and your loved ones manage funeral-related expenses. Is your family in a position to cover the costs of a funeral?