Sanlam Conversion Option

  • The conversion option can be exercised within 2 months from the date of withdrawal from the scheme, given the member is actively at work on the last day of service.
  • No additional medicals are required.
  • Members are covered for the 2 months during the option period.
  • If the conversion option is added after inception, premiums must be paid for at least 6 months before this can be exercised.

Maximum age to convert:

  • Group Life Cover: Up to ANB 70
  • Lump Sum Disability: Up to ANB 60
  • Disability Income benefit: Up to ANB 60
  • Trauma: Up to ANB 60

The conversion option is not offered in the following instances:

  • If the employer’s participation has been terminated.
  • When the business is terminated.
  • During a reconstruction of the business in a similar or different form.
  • Should the business be transferred or amalgamated with any other business, company or organisation.
  • The conversion option is not offered to contract workers.

Should you require more information, please contact your Associate or the office.

Thank you and regards,
The TSA Team

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All information provided in TSA Connect newsletters is intended to inform and explain, but please remember to always check the current terms on policies when considering options and advising clients.

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