Pays you a lump sum to help cover all the costs associated with setting up a new life.
Disability insurance designed to help you restart your life with a lump-sum payment if you become permanently disabled and are no longer able to do your job. This means your cover will be paid out in one go.
Like all Sanlam Indie policies, your Disability Cover policy includes a built-in Wealth Bonus. We’ll match up to 100% of your premium in a reward that tracks the market like an investment to grow real wealth for your future.
Even if you have a comprehensive medical aid and gap cover (and well done if you do), some of the biggest costs associated with becoming disabled aren’t medical in nature. If you become permanently disabled and can’t work as a result, Disability Cover gives you cash for things like equipping your home or vehicle for your disability, or once-off purchases of equipment like wheelchairs, eyepatches, peglegs and stainless steel hooks. Arrrr!
Most people choose to have at least R350,000 of disability cover, but opt for about 6 months of income (after tax but before other deductions) if that’s higher.
We’ll help you work out what cover you need in just minutes.
We've got your back if you become permanently disabled and are unable to do your current job at the time of your disability.
You’re also covered if you're a full-time student when you become disabled, and are permanently unable to fulfil the demands of the occupation you’re preparing for, taking into account your education, training, and experience.
Whether you can still work or not, you'll be covered for total, permanent and irrecoverable loss of:
the vision in two eyes
the use of two hands
the use of two feet
the use of one hand and one foot
If you thought becoming disabled was bad, the costs associated with starting over can be even worse.
Disability Cover pays you a lump sum to help make up the shortfall, because even the best medical schemes can't cover all the costs associated with setting up a new life.
Disability Cover is for everyone who has a job which pays them an income.
We’ll pay all claims as fast as possible. How long that’ll take depends on the nature of the claim, as well as how quickly we’re given the claims documentation.
Disability Cover will not pay a claim if:
Your disability is self-inflicted
You become disabled as a result of participating in something illegal
You have been wilfully misleading with the information you provided us
You die within 30 days of becoming disabled
You become disabled from taking part in motor sport, motorized racing, speed contests, or due to a rehabilitation or detoxification programme
You become disabled as a result of taking part in any of the following aviation activities: aerial photography, pylon racing, game spotting, aerobic display, crop spraying or herd thinning
You do one of the following jobs:
Sport as a profession;
Air traffic controller;
Drivers of public transport including taxi drivers; or Stay-at-home parents
Disability Cover claims will be paid to you, the policyholder.
No. Under current taxation laws, you won't pay any tax on the claim payout.
Your Disability Cover amount will automatically grow each year with inflation, but you can choose to opt out of this growth. Also, at any time you can lower your cover, or increase your cover, or remove your cover altogether.
Depending on the size of a cover increase, we may first need you to answer some short medical questions
The cover will end when you turn 70. Obviously, if you die, then the cover will also stop. If you retire before turning 70, you must remove this product, since you will not be able to claim if you are no longer earning an income from your job.
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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