Administration updates

The Operational Update concerns Policy Protection Rule 13, Policyholder requirements to ensure compliance and Implications of not providing member contact details to Sanlam.

The Sanlam Umbrella Fund Insured Benefits Committee communicated changes to the definition of “beneficiary” as contained in Schedule 2 of the Insurance Act 18 of 2017 in the June 2021 Toolkit. This article contains the update of the unapproved policy.

The Sanlam Umbrella Fund continues to empower members’ financial resilience by offering value-added benefits.

Sanlam Umbrella Fund have introduced a free will drafting service as part of our value-added-benefits offered to members of the Fund.

The 2020 Sanlam Umbrella Fund Symposium was successfully broadcast via a virtual platform.

There is new functionality for the uploading of supporting documents on the Sanlam Corporate online Portal.