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Sanlam Umbrella Fund Value-Added Benefits for members

Considering that most of our members leave 100% of their life savings with us, we recognize that our responsibilities go far beyond helping them prepare for retirement. Through our Value-Added Benefits, the Sanlam Umbrella Fund aims to empower members to make informed financial decisions and enable them to live and retire with confidence.

Nomination of Beneficiaries for Funeral Benefits

Members must complete a Member Beneficiary Nomination form in respect of their group funeral insurance benefit otherwise the benefit will be paid into the member’s estate.

Endorsement to the Sanlam Umbrella Fund Unapproved Group Risk Policy

It is important to note that the policy contains all unapproved insured benefits available under the Fund, underwritten by our two Trustee-approved insurers, Sanlam Group Risk and ABSA Life, and may not be applicable to all Participating Employers. Participating Employers should refer to their Certificate of Participation to determine if their benefits are affected.

Updated Version Of The Fund In Detail

The July 2022 version of The Fund In Detail has been released. Apart from text refinements, updates include: minimum requirements for insured benefits, investment menu updates and adjustments to operating expenses.

Imali Zam Member Education Initiative

The Imali Zam (My Money) Member Education Sessions are aimed at helping members to better understand their savings and benefits. The next Imali Zam Member Education Session is scheduled for 21 July 2022.