SGR new business on-boarding due dates for year-end
As the end of the year is fast approaching, SGR would like to thank all of our partners for their commitment and support during 2023.
We would like to bring to your attention the following due dates for the full and complete submission of all documentation to SGR: Acceptances for new business:
- For inception date of 1 December 2023, latest submission date is 15 November 2023
- For inceptions date of 1 January 2024, latest submission date is 30 November 2023.
Should the new business be a replacement of an existing group scheme policy (in terms of Rule 20.3 of the Policyholder Protection Rules), the inception and submission dates are subject to the disclosure of all material differences to members, at least 31 days before the inception date of the new policy, e.g.:
- Latest 30 October 2023 for policies with a 1 December inception date; and
- Latest 30 November 2023 for policies with a 1 January 2024 inception date.
Should you have any question, please feel free to contact us.
Universal Educational Protector
From 1 October 2023, our Universal Education Protector (UEP) Product, previously managed by Sanlam Trust, has transitioned in-house to the Sanlam Group Risk (SGR) death claims team. We have put in considerable effort to ensure a seamless shift, with the aim of minimizing disruptions for both our internal operations and our valued clients. We encourage you to reach out to us if you have any questions or uncertainties.
You may reach us using the following contact information:
Client Contact Centre: 0860 007 775
Email: UEPtuitionfees@sanlam.co.za
We would also like to take this opportunity to introduce our new tuition fee maximums effective 1 January 2024.
| Education Institution | Maximum amount per child |
| Pre-school (Grade 0 or Grade R) | R53 000 per annum* |
| Primary school (Grade 1 to 7) | R102 000 per annum* |
| Secondary school (Grade 8 to 12) | R118 000 per annum* |
| Tertiary education | Local: R78 000 per annum International: $71 000 per annum |
| Minimum Allowance Benefit | R1 260 per annum |
| A reduced maximum tuition fee R12 900 per annum* applies when a child changes from a no fees or fee-exempt school to a fee-paying school. | |
Medical Aid Premium Waiver
The new maximums applicable to the Medical Aid Premium Waiver, effective 1 January 2024 will be:
| Maximum monthly benefit: | |
| Principal member of medical aid scheme | R4 600 per month |
| Spouse | R3 800 per month |
| Child | R2 100 per month |