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Cashback
Great value, real rewards
We all understand the value of being financially secure in the long run. To reward you for sticking to your financial plan, Sanlam has introduced the Cashback benefit – a welcomed and substantial financial boost that can be put towards your child's education, a wedding, that dream holiday or home renovations. The Cashback benefit pays up to 100% of your payments back after 15 years of continued contributions to your policy.
How it works
Rewards loyalty.
The Cashback benefit is a reward for keeping your cover intact. It pays you, in cash, after 15 years of continued contributions to your policy and is an optional extra that can be added to certain new or existing* Sanlam Premier life insurance plans. A set additional payment of 35% is charged for the Cashback benefit on a specific cover layer. This payment falls away after 15 years – even if the Cashback amount is left to further accumulate – ensuring great value for money. *Please note the Cashback benefit can only be added to certain Sanlam plans.
Benefits
Earn all your hard work back
The Cashback benefit can play a valuable role. After contributing to Cashback for 15 years, you can use the benefit payout to cover costs from embracing a new lifestyle
Unexpected costs
Use the Cashback benefit to take care of any unexpected costs.
Travel & leisure
Go on an adventure and use the Cashback benefit to cover travel costs.
Lifestyle changes
Cover moving costs when you’re ready to retire to your holiday cottage.
FAQS
Need to know more?
- Why do i need gap cover?
The Cashback amount is payable at any time after the benefit has been intact for 15 years. It equals 100% of the payments made.
- Will I get value for my money?
By adding Cashback, your monthly payments will increase by 35%, but it falls away after 15 years and you also get the money back.
- Is this a financial boost?
Use your Cashback amount to help fund your child’s education, home renovations, unexpected expenses or your retirement.
- How does cover and rewards work?
In situations when you have to claim, you will have cover in place. If you don’t have to claim, you will still get a Cashback Payment.