Sanlam
There are a number of investments and insurance products offered by Sanlam.
Here , however, we will focus on those products which relate to life cover
namely LifePower, and Risk Cover.
LifePower offers life cover to those who have HIV. It covers you whether your
death is as a result of illness or accidental. In order for the cover to be in
place it is necessary for you to be on Anti-Retroviral treatment. Following the
treatment regime will allow an affordable rate with regard to your insurance
premiums. LfePower will provide for your beneficiaries should you become
disabled or pass away giving you peace of mind that, should you no longer be
able to provide for them, your loved ones will be taken care of.. This product
is managed by AllLife which is a market leader in the field of HIV life
insurance.
Risk Cover come in the form of a product called Topaz Risk Cover. Many of us
don't like to think of death but it is a reality and you need to be able to
provide for those left behind, this is where Topaz Risk Cover comes in. It
allows you to choose the type of cover that serves your specific needs and
offers the following products:
- Life Cover
Life Cover pays for the many expenses that are incurred as the result of your
death, such as funeral costs, executor fees, debts you may have, as well as
daily living expenses.
- Functional Impairment Cover
This type of cover come into play when you suffer from a disability that
limits your ability to work but does not completely prevent you from earning an
income - hence the term functional impairment. It will cover costs that may be incurred as a result of your
impairment. You may be able to receive a portion of your claim depending on
your needs. This allows you to claim more than once should you need to.
- Disability Cover
Disability cover kicks in should your disability prevent you from earning an
income. This cover should be able to pay for your everyday life expenses
including medical costs. If you are declared unfit to work you will receive a
lump sum payment to use for the above expenses. You can also add a waiver to
your premium which will allow you to continue to receive the benefits of your
death cover without having to pay the premiums yourself.
- Accident Cover
Accident cover provides insurance against injury or death as a result of an
accident. This includes such costs as damage to your home or vehicle, therapy in
the case of a traumatic event or even having to learn new skills to provide
an income. Should you die in an accident this cover will provide an additional
amount to your death cover and should you be disabled in some way a lump sum
will be paid out to you.
- Dread Disease Cover
Dread disease cover pays you should you be affected by a serious disease that
limits your ability to work. It covers such things as medical costs, medical
care at home, childcare, and basic repayments such as your vehicle or home.
Sanlam Insurance offers a variety of options to protect you and your family
in the event of disabilities or death. It is necessary for you to assess your
needs and take out the cover that best provides for those needs.
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