What happens to my Sanlam Indie Wealth Bonus when I claim?

The Best-Case Scenario: No claims, celebrate

You never claim, and you keep your benefits active. You also diligently pay your premiums until the ripe age of 70. At this point, the full Sanlam Indie Wealth Bonus will be yours.

The Worst-Case Scenario: Time to make a claim

You or your family need to make a claim. Let's see how it affects your Sanlam Indie Wealth Bonus - based on the type of claim.

You've passed, and you’re headed to the pearly gates … before turning 70. Any unlocked Sanlam Indie Wealth Bonus will be paid to your beneficiaries or estate. Along with the main claim payout. It's a bummer but, your locked Sanlam Indie Wealth Bonus won't payout. We'd have to start with much higher premiums for everyone to make this possible.

If you become disabled...

If you become disabled to the point where you can no longer do your job, we've got you covered. We'll pay out the cover amount you have at that stage.

After that, the Disability Cover benefit falls away. At this point, your other benefits continue to shine. And guess what? With fewer benefits to pay for, your premium decreases. Also, your monthly contribution toward your Wealth Bonus follows suit. Plus, all unlocked Wealth Bonus amounts remain untouched and ready for you to cash out if you want to.

If you get seriously ill or temporarily disabled...

Life happens when you're not watching. Let's say a serious disease or temporary disability causes you to lose your income. In this case, the benefit continues with the same premium. How so? You can claim again in the future, and your Sanlam Indie Wealth Bonus remains unaffected. Simple and straightforward!

If a Family Member passes away...

Someone you've added to your funeral policy passes away. You'll no longer pay the portion of your premium that covers their life. That means your premium will decrease. And, our monthly contribution toward your Wealth Bonus reduces too. And don't forget! Any unlocked Sanlam Indie Wealth Bonus stays intact. It's available for you to cash out when needed.

We're here to guide you through every step to ensure your insurance journey feels like a warm hug. Let's face life's twists and turns together!