Dealing with unexpected events is a reality that many institutions have to deal with. Worker’s Group Life Insurance is a cost effective addition to your employee benefit package, providing a clear advantage in helping you recruit and retain the best staff.
This benefit is payable on death from illness (natural causes) or accidental. The amount payable, is either a fixed sum for all members in a category as predetermined by the employee or is determined as a multiple of the annual salary as set by the employee. The benefit is normally paid out as a lump sum to either the employee or the designated beneficiaries of the deceased employee or member. In the case of a total or permanent disability, an amount equal to the sum assured will be paid to the employee or member over a period of 36 months.
It provides a lump-sum payment in the event of partial or permanent disability of an employee while in service. The cover is based on the multiple of the salary (e.g. two, three, and four times the annual salary) or on a fixed amount. The benefits are calculated based on the continental scale of disability benefits.
Funeral Insurance Assistance aims to ensure the subscriber (employer) a lump-sum payment upon the death of an insured person occurring during the term of the contract. The sum assured is two or three times the monthly salary or a fixed amount not less than RWF 1 000 000 per person payable within 24 hours after the receipt of the death certificate.
The Sanlam Loss of Income Benefit is a guarantee which aims to protect the income of the salaried employee and offer a replacement if the employee was deprived because of prolonged disability (after six months of disability) due to accident or illness. The sum assured is 75% of the employee’s basic salary and must be paid within a period of two years.
The Sanlam Critical Illness Benefit is designed to ensure the employee or group member a payment of a lump sum agreed (e.g. 50% of death sum assured) in the event that the insured is diagnosed with critical illnesses such as cancer, kidney failure, stroke, and others.
The contribution intended for retirement aims to ensure the savings to supplement statutory retirement. This contribution is the remaining portion of the annual premium of the insured after deducting the premium relating to other cover mentioned above. This is the part that is capitalised with negotiable interest rates and advances. Redemptions can be made.Some of the above guaranties can be selected based on your needs and your budget.
Ensure your loved ones are protected when you are no longer around. Sanlam Life Insurance offers assurance that your family and dependents are financially secure no matter what. We can also assist you with saving for that social event, holiday or your child’s education.
Sanlam offers you a solution suitable for people who wish to protect their families from financial crises in the event of a premature death or absolute and permanent disability of the insured or a family member covered.
How it Works
In the event of death or absolute and permanent disability, the designated beneficiary or beneficiaries stated in the agreement will receive the payment of a capital guaranteed of which the amount was determined in advance by the subscriber. The premium is based on the age of the insured, the duration of guaranty, the guaranteed capital and health status of the insured at the time of the subscription.
With credit life insurance, Sanlam will pay off the outstanding amount of your loan in case of your premature death or absolute and permanent disability. This benefit could be extended to retrenchment, depending on the agreement between Sanlam and your bank. Ask your bank about Sanlam’s Credit Life Insurance.
If you are thinking of making life easier for your loved ones when you are gone and you are interested in having everything covered for them, Sanlam has different funeral insurance options that you can choose from.
Mfata Mu Mugongo Plan
When you retire from your active working life, you’ll benefit from the money you’ve saved with our Retirement Plan. However, Sanlam’s Retirement Plan also provides you with insurance in the event of premature death or total and permanent disability.
Protect your business.We can help you protect your business from unforeseen risks with the right coverage at the right time.
Sanlam offers a range of products on comprehensive motor insurance with optional benefits and insurance limits encompassed in three optional products; i.e. Sanlam Gold, Sanlam Silver and Sanlam Bronze.
The insurance will cover the vehicles for loss or damage (including riots and strikes) and third party liabilities anywhere in East Africa with the following benefits:
The cover will include third party risks as required by the law.
This cover is taken to cover motorcycles against accidental damage, fire and theft. Cover also extends to cover third party liability as provided under the Traffic Act.
Sanlam covers emergency medical expenses, follow up treatments, journey cancellation, travel delay, loss of luggage, personal liability, and personal accidents amongst others. Travel insurance is a special type of cover that you can take out before embarking on a trip outside your home country that offers you protection in case of any unforeseen circumstances while on your trip.Sanlam gives you the option of taking up travel insurance:
Sanlam offers Medical Insurance of up to Euro 30 000 and Personal Accident Cover of up to Euro 30 000. Additional benefits include support for medical evacuation, loss of luggage, personal liability, hijack, repatriation and many more.
This cover is ideal for travelling directors and senior employees and can be taken either per trip or annually for those who travel often.
Covers employees against accidental loss of life or disability arising out of an accident while on duty or pleasure on a 24-hour basis. The benefits provided for under GPA are outlined as follows:
This covers money while in premises in a locked safe, in the hands of authorised employees and while in transit to and from the bank. It also covers money while being moved from the premises to the bank and vice versa. The cover also extends to cover money within the premises in a safe and secure room. It also covers money in the hands of senior staff and damage to the safe. In all cases, limits are provided on the estimated annual carry.
Covers a corporate institution against the loss of money or goods by fraud or dishonesty of named employee(s).
This covers theft of insured property by any person or persons using violent and forcible means of entry into or exit from the premises where such property is kept, without permission from the owner, person or persons to whom such property is legally entrusted or keeping on behalf. This section extends to cover the insured against losses occurring without forcible or violent entry or exit from insured premises.
Provides cover against accidental physical loss or damage to specified items as a result of any cause which is not specifically excluded from the policy. This includes theft, fire and accidental damage including riot and strike. It is important that the insured lists the items covered and their respective values/sum insured.
This insurance provides comprehensive and adequate protection against loss or damage in respect to the contract works, construction plant and equipment and or construction machinery as well as against third party claims in respect to property damage or bodily injury arising in connection with the execution of the contract.
This covers any loss/damage to contractor’s plant and machinery from any cause occurring at work, rest or during maintenance operations and is not for specific construction sites.The risks include fire, lighting and allied perils, riot, strike, malicious damage, transit risks, theft, burglary, collision, impact, and collapse.
Cover protects insured against all risks involved in erection of machinery, plant and steel structures of any kind, as well as property damage or bodily injuries to third parties arising in connection with the erection works.
Cover against accidental damage to completely installed machinery resulting from breakdown from sudden and unforeseen causes.
The basic cover responds to loss or damage to property caused by fire, lightning and explosion and is extended to include riots, strikes, malicious damages, storms, earthquakes, floods, and water damages due to bursting or overflowing water tanks apparatus and pipes. Property covered includes: buildings, furniture, fixtures and fittings, plant and machinery etc.
The policy responds to consequential losses arising from risks covered under the fire and allied perils section. Examples of such consequential losses include loss of profit, rent, wages or increase or additional expenses in the cost of working within a given period.
This is a special policy designed to cover an industrial entity against all risks that may affect the operations of the entity such as fire, theft and loss of profits.
Covers against riots, strikes and civil commotion for political reasons, acts of terrorism, sabotage, malicious damage for political reasons, insurrection, revolution or rebellion mutiny and civil war.
This is a packaged policy suitable for small and medium business enterprises. It offers many classes of insurance under one policy without subjecting the insured to minimum premiums per class of insurance. The policy does not impose any excesses on the insured. The classes under Sanlam Businessman Combined are:
This covers accidental loss or damage to plate glass up to the insured value. Cover can be arranged for cabinet glass, display glass, signs and neons, fixed glass and glass partitions on the premises.
This policy covers loss or damage to goods and/or merchandise in transit from one place to another by sea, air, rail, road or registered post. The cover provided is in respect of marine perils, war and strike, riot and civil commotion perils.
This policy covers the ship, boats and yachts, from unforeseen and accidental causes.
Provides cover against loss or damage to property arising from accidents or misfortunes while being loaded, unloaded, during conveyance and when temporarily housed in the course of transit.
This is a medical product suitable for corporates with a wide range of solutions to choose from depending on their budget. It caters for both inpatient and outpatient medical bills. In addition, it also caters for emergency evacuations. The members have a wide range of high and middle net worth hospitals countrywide and international including:
Public liability insurance protects the insured against the costs resulting from the suits that a third party may institute against him if out of the negligence of the insured, within his premises, a third party is injured or loses property.
This is a policy that indemnifies the manufacturer if the consumption of his product causes harm or financial loss to a consumer.
This is an insurance policy that covers the insured from losses that may result from professional malpractice. Examples of professionals covered include lawyers, valuers, engineers, auditors, medical practitioners, pharmacists etc.
Covers the directors and managers of an organisation against claims that may arise from the decisions and actions taken within the scope of their regular duties.
Let us help you to start saving for your child’s future today.Education is the greatest gift we can give our children. However, the cost of giving our children the opportunity to become the next generation of specialists, academics, executives and artisans is increasing at a frightening pace.Our Education Plan allows you to plan for future expenses and secure your child’s education – no matter what happens to you.
Please fill in the following Sanlam Rwanda Ltd Quotation Form and we shall get back to you.
Protect your personal belongings.Your car and household possessions play an important role in your daily life. If you need to replace any of your belongings because of loss, theft or damage, the right insurance can give you peace of mind that you can do so timely and properly. Limit your financial burden when things go wrong.
Sanlam offers a range of products on comprehensive private motor insurance with optional benefits and insurance limits encompassed in three optional products; i.e. Sanlam Gold, Sanlam Silver and Sanlam Bronze.The insurance will cover the vehicles for loss or damage (including riot and strikes) and third party liabilities anywhere in East Africa with the following benefits:
The cover will include third party risks as required by the law.
This covers theft of insured property by any person or persons using violent and forcible means of entry into or exit from the premises where such property is kept, without permission from the owner, person or persons to whom such property is legally entrusted or keeping on behalf. This section extends to cover the insured against losses occurring without forcible or violent entry or exit from the insured premises.
Sanlam covers emergency medical expenses, follow up treatment, journey cancellation, travel delay, loss of luggage, personal liability, and personal accident amongst others. Travel Insurance is a special type of cover that you can take out before embarking on a trip outside your home country that offers you protection in case of any unforeseen circumstances while on your trip.
Sanlam gives you the option of taking up Travel Insurance;
This cover is ideal for travelling directors and senior employees and can be taken either per trip or annual covers for those who travel often.
Start saving as soon as possible so you can maintain your current lifestyle when you retire. It’s never too early to start saving for retirement. Every little bit you save counts and these savings will grow over time so that you can enjoy a comfortable retirement. You can start saving with Sanlam’s Retirement Plan.This plan allows you to boost your retirement savings and provides insurance in the event of premature death or total and permanent disability.
Buy Back Operations and ReductionYou can request a partial or complete withdrawal of funds after a period of three years. After at least three years of contribution, your contract can be put in reduction if you can no longer continue the contributions and you will wait until the terms of the contract to benefit from the value of reduction. A reduced contract can be reactivated any time.
The Options for Regulations of the Foresight-retirementIn the event of death or the terms of the contract, the beneficiary has the possibility to choose between the following options:
A person below the age of 50 can enjoy the full benefits of this plan, including the insurance benefits for premature death or total and permanent disability.A person above the age of 50 can take out this plan without the insurance benefits.