What are the cover limits?

We use your current salary to work out the cover and premium that we quote you for all our products (except Funeral Cover).

We limit the amount of cover that we offer through our online process. If you need more information, you’re welcome to chat with us. 

Sanlam Indie’s cover limits are:

• R10 million for Life Cover + Quick Payout* 

• R5 million for Disability Cover

• R5 million for Critical Illness Cover

• R100,000 per month for Income Protection

• R100,000 per month for Death Income Protection

*The Quick Payout portion of this benefit is limited to R50,000. 

📝NOTE: There are also maximum limits per type of benefit (death benefit, disability benefit, or dread disease cover). If you get R10 million Life Cover, you won’t be able to get Death Income Protection because you would have used up your maximum amount for death benefits. 

By how much can I increase my cover?

We’ll offer you a cover increase in line with inflation every year, but since your salary may increase over and above this as your career progresses, you can choose to increase the cover whenever you like. We’ll let you increase your cover by 10% a year, no questions asked but any more than that and we’ll ask you for proof that your fortunes have changed (like a copy of the payslip or bank statement that shows your new salary).

What are the Funeral Cover limits?

We offer the maximum Funeral Cover according to age group:

• Adults and children 15 years and over: R50,000 each (doubles to R100,000 after 3 years)

• Children 7 - 14 years: R25,000 each (doubles to R50,000 after 3 years)

• Children 0 - 6 years: R10,000 each (doubles to R20,000 after 3 years) 

📝NOTE: Any additional cover you add to your original cover amount will only double after 3 years. So, if you take out R30,000 in 2020 and add R10,000 in 2021, your original amount will double in 2023 - the extra R10,000 cover doubles in 2024.