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Sanlam Life Insurance, part of the Sanlam Group which was established in 1918, is one…
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Sanlam Life Insurance, part of the Sanlam Group which was established in 1918, is one of the largest financial services providers in South Africa. The Sanlam Group operates in 11 African countries, Malaysia, India and has niche businesses in certain developed markets. They have the largest Pan-African footprint of insurance groups based on their number of countries. Furthermore, the group became a listed entity on the Johannesburg Stock Exchange and Namibian Stock Exchange following its demutualization in 1998.
Matrix Life Insurance:
This service combines life insurance, disability cover, critical illness cover and income protection with additional offerings like accident cover. Matrix Life Insurance Cover offers flexibility, choice, and higher cover amounts at good rates. Sanlam recommends that you speak to a financial adviser to help you select your best suitable cover allocated to your specific needs. The type and level of cover you need depends on your personal needs and circumstances.
Matrix Life Insurance benefits:
Life insurance can help your family cover the following costs:
Your beneficiaries do not pay tax on the proceeds of your life insurance. You can opt for the Final Expense Benefit that will pay out within 48 hours so that your family can cover urgent costs, such as funeral costs and daily essentials. If you’re diagnosed with a terminal illness and your life expectancy is less than one year, you will receive an immediate tax-free, once-off pay-out. Sanlam Life Insurance will only ask you for your health and lifestyle information when you take out the insurance. You don’t have to tell them if you change your occupation, lifestyle activities or smoking habits – Sanlam Life Insurance will carry this risk.
Sanlam contact details:
Address: 2 Strand St,
Unclear, Cape Town, 7530
Tel: 021 916 5000
Email: [email protected]
Website: www.sanlam.co.za
