Fund Updates

The Sanlam Umbrella Fund has extended benefit counselling services to beneficiaries of members who have passed away in respect of unapproved Life Insurance, as well as members receiving payments in respect of Lump Sum Disability Insurance or Critical illness Insurance. This is to ensure that both the members and beneficiaries have access to relevant information and receive financial advice to help manage their benefits.

Read about the changes to the External Single Manager Range portfolios.

The Sanlam Umbrella Fund usually revises administration fees, group insurance premium rates and contingency reserve account levies on 1 April of each year. This communication summarises the plans for the 2022 annual revision.

Read more on the conditions for group risk cover for employees travelling or residing outside South Africa, Flexible Life Insurance and the Universal Education Protector benefit.

Client Relations Managers will be engaging our Contracted Benefit Consultants and Participating Employers in an effort to obtain member data.

Notice is hereby given to all the employers participating in the Sanlam Umbrella Pension or Provident Fund that provide unapproved insurance benefits for their employees, which are insured by either Sanlam Life Insurance Limited (Sanlam), Absa Life (Absa) or Capital Alliance Life Limited (Capital Alliance) that the policy has been updated.