Sanlam : Ensure Your Dread Disease Cover is Worthwhile

This is probably the most important pillar to examine. How likely is it that you will actually get a certain condition? Around 85% of all dread disease claims are for just four medical conditions: heart attack, cancer, stroke and coronary artery bypass surgery. A product with a long list of claim events is not necessarily a better product if these four diseases are not comprehensively covered.

Dr Morkel says Sanlam's innovative new dread disease product is designed to accommodate this. 'Knowing that, statistically, certain illnesses are far more common, our dread disease product allows you to select the diseases you are covered for or to top-up an existing policy so that you have more cover for the illnesses you are most likely to be diagnosed with.'

She hopes that this option will encourage people to take out the right cover - even in tough economic times and will discourage them from cancelling their policies when their budgets are strained. 'As tempting as it can be to cancel insurance, the statistics of South Africans affected by dread disease are not in our favour. There certainly is a great imperative to be well prepared for cancer and other major illnesses.'

Dread disease cover is a critical part of a holistic financial plan which should be designed in conjunction with a certified financial planner. For more information, visit www.sanlam.co.za.