What may cause my Sanlam Indie Wealth Bonus to drop?

For every premium you pay, we contribute to your Sanlam Indie Wealth Bonus. This money grows with every contribution and earns compound interest over time. Small amounts become available along the way, and the whole lot pays out when you reach 70.

You might lose all or part of your Sanlam Indie Wealth Bonus if:

• You allow your policy to lapse by skipping too many premiums

• You cancel your policy

• You withdraw unlocked money from your Wealth Bonus

Alternatively, our contributions could decrease. Our contributions are calculated based on your premium value and current age.

This is what could cause our contributions to decrease:

• You get older

• You lower your cover and, therefore, your premium

• You cancel some existing benefits, but still have others active

• You claim on a benefit that causes it to end (e.g. Sanlam Indie Disability Cover), but your other benefits are still active

Finally, if you withdraw any unlocked portion of your Sanlam Indie Wealth Bonus, this will cause the total amount of your Wealth Bonus to decrease.

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