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Provider comparison · Updated May 2026

MiWay vs Sanlam

How MiWay and Sanlam compare on price, claims, products and rewards across the South African market.

Sanlam edges MiWay on customer rating.

FeatureMiWaySanlam
Customer rating★ 4.4★ 4.5
Average premiumR640/pmR740/pm
Claims turnaround48h72h
Pricing tierMid-rangePremium
Flagship productMiHeroCumulus Echo
Product rangeCar, Home, Business, LifeLife, Investments, Retirement, Health

MiWay

Direct, digital, on your side

MiWay is a Sanlam-owned direct insurer that competes on simple, digital-first short-term insurance for individuals and small businesses.

Strengths
  • Quick online quotes
  • Strong digital UX
  • Flexible excess
Trade-offs
  • Smaller branch footprint
  • Mixed customer service feedback

Sanlam

Wealthsmiths

Sanlam is a JSE-listed diversified financial services group and one of South Africa's largest life insurers, founded in 1918.

Strengths
  • Top-3 SA life insurer
  • Reality rewards programme
  • Strong adviser network
Trade-offs
  • Adviser-led model
  • Short-term via MiWay subsidiary