How does Sanlam cash back work?

The Cashback benefit is an optional extra that can be added to certain new or existing* Sanlam plans, like Matrix Premier Cover and Matrix Express Cover.

It rewards you for keeping your cover intact, and pays out after 15 years of continued contributions to your policy. 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.

Cashback benefit – Sanlam pdf

Benefits of Cashback

How much will I need to pay per month?

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 amount is left to further accumulate. For more information on the Cashback benefit, download the brochure.