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Life Cover

Provides financial support for you and your family when you are no longer there. Write one like this for funeral cover

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Life Cover Needs Calculator

Estimate how much life insurance you need to protect your family

How many years of income do you want to replace?

Subtract what you already have

This is an estimate only. Consult a financial advisor for personalised advice.

Frequently asked questions

Here are some common questions about our company.

Life cover is a promise from an insurance company. You pay a monthly amount (called a premium), and if you pass away while the policy is active, the insurer pays a big lump sum of money to your family or loved ones. This money helps them pay bills, the house loan, school fees, or just keep living without huge money worries.

If you plan on buying a House, Car or getting a Loan through the bank it’s a requirement But more importantly..

If something happens to you, your family could struggle to pay for everyday life. Life cover replaces your income for a while and clears debts so your loved ones aren’t left in a tough spot. It’s especially important if you have kids, a partner, or a home loan. Even if you’re young and single, it can protect future plans.

•  Life cover: Pays a large amount (hundreds of thousands or more) to help with all sorts of big expenses and does not have a waiting period.

•  Funeral cover: Pays a smaller amount, mainly just for burial and funeral costs and it often has a 6 months waiting period.

Many people have funeral cover but not enough life cover.

A rough guide is 8–12 times your yearly income, plus any debts and future costs (like kids’ education).

Think about:

•  How much your family needs each month to live

•  Your home loan or other debts

•  Funeral costs

Use our free online calculators or ask us to help you work it out properly.  

•  You add the Cashback benefit to a qualifying life cover policy (it’s optional).

•  You pay your normal premiums + a bit extra (about 35% more on the covered part).

•  After 15 years of keeping the policy going (no big lapses), Sanlam pays you back up to 100% of the premiums you paid for that Cashback part.

•  You can take the money in cash or leave it to grow further.

•  Big plus: You still get the full life cover payout if something happens to you – the Cashback doesn’t replace your protection.

Example: If you paid N$ 10,000 a year for the Cashback layer, after 15 years you could get around N$ 150,000 back (before any growth).