What’s a payout?

A payout is the amount of cover you have for a specific product/benefit.

The payout can either be an income, meaning that the benefit will pay out that amount as an income for a valid claim or a lump sum payment, meaning that you or your beneficiary will get the payout amount in a single payment for a valid claim.

Sanlam Indie Income Protection and Sanlam Indie Death Income Protection provide the income-style payouts, whereas Sanlam Indie Life Cover, Sanlam Indie Disability Cover, Sanlam Indie Critical Illness and Sanlam Indie Funeral Cover provide a lump sum payment and then the benefit stops.