Will I be refunded if I cancel my policy during the waiting period?
Sanlam Indie, like all insurers, won’t refund your premiums if you cancel your insurance during the waiting period, because it would just be too expensive for us as a business.
On the plus side, we do offer a standard cool-off period as required by law. (This period is 30 days, or 31 days from January 2019.) That means you can cancel your policy within this period for a full refund.
Remember, the waiting period only applies to claims for natural causes or suicide. You’ll be covered for accidental events from the moment you sign up.
- When does Sanlam Indie not pay a claim for a funeral policy?
- Why can I only get accidental cover?
- Why is there a waiting period?