Sanlam claim statistics highlight the importance of cover for younger South Africans

Sanlam Risk and Savings paid out R6.38 billion in claims in 2022 – down 23% from 2021’s R8.3 billion.

A marked decrease in Covid-19 linked claims is partially behind this, with the business paying out R2.64 billion in confirmed death and funeral claims in 2021 due to the virus, versus R108.84 million last year. A slight increase in disability claims by younger people is a stark reminder that sooner really is better when it comes to putting cover in place.

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