Sanlam revealed that its individual Life business paid out R8.24 billion in claims last year, double what was paid to clients in 2018. The business also paid 82% more in death and funeral claims in 2021 compared to the year before. Sanlam said cancer remains the main causes of severe illness claims for men and women in 2021. Leading causes of disability claims related to bones, backs, joints and connective tissue, diseases of the nervous system and sensory organs and cancer. Covid-19 accounted for 19% of income protection claims. Sanlam concluded that it’s important to have sufficient cover in place, to help one live confidently.
