Partner with Sanlam for a range of specialised group risk products
As a provider of group life and disability benefits, retirement options, institutional investments, risk services, and more to institutions, we can also make your business a winner.
The policy covers funeral expenses following the death of an insured member. It may be extended to include spouses, children and parents of the insured member. The cover limit is as per the client’s requirement and is provided for one year.
Every employee qualifies to become an insured member in terms of this policy, provided that
Group life is a policy offered to employers to cover their employees in the event of death. The policy is also known as a “death in service” benefit that can be offered as a fringe benefit to employees. It pays a lump sum in the event of death of a member. The policy covers members against death as a result of illness or accidental causes, and offers free funeral cover of up to K20,000 per member.
The policy may be extended to cover parents up to the age of 85, and no underwriting is required.
This product is sold to retirees and bought using a lump sum. In return for the single premium, the policyholder (annuitant) will receive regular annuity payments which will continue until death. This single premium retirement annuity comes with an escalation option of 0%, 2.5%, 5% or 15% and has a guarantee of 0.5 or 10 years’ payment benefits which are paid monthly, quarterly or annually. It includes a joint life option and commences immediately after being taken out.
The Sancare Medical Scheme is designed to enable employers to provide their employees with quality medical care that will meet their specific needs and requirements
Sancare offers both in-patient and out-patient plans. Depending on which option the employer or employee chooses, the benefits may include hospital care, maternity care, cancer treatment, dental care, chronic illness cover for certain conditions, and ward accommodation.
For more information, please download the documents below:
The Credit Life policy pays off outstanding amounts on a loan or debt should a borrower die. It guards the lender against loss of money in the event of death of a borrower before paying off the loan. The policy cover is for the duration of the loan period. Upon the loan being paid off, cover ceases.
Summary of benefits:
Our group life product provides annual cover to employees of a registered company, and the premium is paid by the employer. It covers the risk of death, and total permanent disability (TPD) is offered as a rider benefit at an additional premium of 40% of the group life premium. Upon death or TPD of an employee, a lump sum is paid to the employer to pay to the beneficiary.