There are a lot of things that could affect the value of your Sanlam Indie Wealth Bonus over time.
Some of these factors are:
Your age The younger you are, the more we contribute monthly to your Wealth Bonus.
How long you have your policy for The younger you are when you take out your policy, the more time your Wealth Bonus will have to grow with compound interest. If your policy lapses or you cancel your policy, you will lose any unlocked portion of your Wealth Bonus.
Your cover and premium Our contributions are calculated as a percentage match of your premium. So, for example, if we match 80% of a R100 premium, that means we contribute R80 every month. But if the premium increased to R1,000, we’d contribute R800 per month from when the new premium takes effect. Over time, that extra cash being added every month has a big effect on the total projected value of your Wealth Bonus.
We cannot predict the actual performance of your Sanlam Indie Wealth Bonus over time.
Any illustration we use for marketing purposes is product and profile dependent, for illustration only and is not guaranteed.
We will send you personalised projections and forecasts for how we predict your Sanlam Indie Wealth Bonus will perform over time but these projections are not guaranteed.
To work out these projections, we have to make some assumptions.
We assume that:
You won’t add or remove any benefits. In reality, you might change the benefits you have with us over time, for example, if you make a claim.
You won’t increase or decrease your cover for any benefits, besides annual rerating.
You’ll accept our automatic rerating of your policy every year. In reality, sometimes you might opt out of this annual increase to your cover and premium.
You’ll still be an active client when you’re 70. Remember, you lose any unlocked money if you no longer have an active policy when you turn 70.
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Copyright © Sanlam Indie 2022. All Rights Reserved. Sanlam Indie's product offering is underwritten by Sanlam Life Insurance Limited, a licensed life insurer & financial services provider. Sanlam Indie is a division of Sanlam Life Insurance Limited - Reg No. 1998/021121/06. Sanlam Life Insurance Limited is an authorised FSP (No. 2759). Address: 1st Floor Glacier Place, 1 Sportica Crescent, Tygervalley, Cape Town, 7530