What is Wealth Bonus?
Wealth Bonus is cash-money that gets invested for you, so it will grow with the market.
Every 60 premiums you pay, you'll get a part of your Wealth Bonus unlocked (a CashDrop) and you can choose to withdraw it or leave it invested to continue growing. When you turn 70, the full Wealth Bonus gets paid to you.
Wealth Bonus is our way of rewarding you for doing smart "money things" 🥂. In the case of insurance, the smart thing is having insurance in the first place. And when we created Wealth Bonus, we wanted the reward to not only be simple and understandable but also meaningful.
So, when you become a Sanlam Indie client, we invest in your own personal Wealth Bonus. The amount will depend on a variety of things, but once we've worked out what you're getting, what you see is what you get! 💰
Your Wealth Bonus is invested in a Money Market fund. The point of the investment is that your Wealth Bonus should grow 📈 - and that growth over time will be yours.
What's the catch?
We'll keep giving you CashDrops every 60 premiums as long as you're a client, but you need to be a premium-paying client at aged 70 to get your full Wealth Bonus. You can claim, add products, drop products, change your cover... none of that will affect the Wealth Bonus you've accumulated up till that point. And at the end, if you still have a policy, you'll get the cash. 🎉