Sanlam Life Cover

This benefit only applies to the Reality Plus membership options.

• Reality Plus members qualify for discounts of up to 30% on risk benefits. The discount will also apply to the cash-back benefit if it was added onto the product. The discount applies to the first R3 000 of the premium of a life cover benefit and the first R1 500 of the premium of any other benefit.
• The discount percentage is related to the status tier of the individual life insured (not the status tier of the plan holder or payment payer).
• Sanlam Reality members are eligible for the discount on their risk product premiums if they: 1) take out a new Premier risk product using a debit order as payment mode; or 2) when they increase the total premium of an existing Premier policy paid by debit order, by at least 20% (either by increasing the cover, adding a new life insured or adding/changing their benefit features).
• The Sanlam Reality discount only applies on benefit payments and not on the plan fee.
• Stop order payment methods do not qualify for the Sanlam Reality discount.
• It may take up to 10 working days after status tiers have been changed before the change will reflect on the monthly payments of the affected Premier risk product.
• No back-dated premium adjustments will be handled.