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Sanlam

Sanlam Group structure

The operational businesses in the Sanlam Group are structured in three clusters e.g.

Retail cluster

The Retail Cluster comprises Sanlam Personal Finance, Sanlam Developing Markets and Sanlam UK.

Institutional cluster

Sanlam Investments is one of the core clusters within the Sanlam group and consists of 14 businesses working collaboratively to offer individual and institutional clients access to a comprehensive range of specialised investment and risk management expertise spanning local and international asset management, private equity, hedge funds, employee benefits, property investments and more.

Each business within the Sanlam Investments cluster functions as an entrepreneurial entity with a shared focus on delivering leading performance and exceptional client service. We achieve this by instilling passionate ownership as an intrinsic value among our employees.

We are based in Cape Town, with a strong presence in sub-Saharan Africa and footprints in the United Kingdom, Europe, the United States, Australia and India. Our diverse client base includes retirement funds, corporations, financial institutions, individual investors, trade unions, non-governmental organisations, governments and their agencies.

Sanlam Investment Management (SIM), Sanlam Capital Markets (SCM), Sanlam Private Investments (SPI), Sanlam iTrade, Sanlam Private Equity (SPE), Sanlam International Investment Partners (SIIP), Sanlam Properties (SP), Sanlam Collective Investments (SCI), Sanlam Multi Manager International (SMMI), Octane Holdings Limited (Octane), Sanlam Asset Management (Ireland) (SAMI), SIM Global, SIM Emerging Markets (SIM-EM), Sanlam Employee Benefits (SEB) (provides employee benefit solutions including life insurance, umbrella funds, structured products and investment and annuity solutions for group schemes and retirement funds as well as fund administration for retirement and umbrella funds.).

Short-term Insurance cluster

Sanlam's Short-term Insurance Cluster is comprised of a 55,9% shareholding in Santam, South Africa's leading short-term insurer. With a market share in excess of 20% and a countrywide infrastructure and broker network, Santam focuses on the corporate, commercial and personal markets. The company also has related business interests in Africa and Europe.

Product Range

Sanlam Group Risk has become synonymous with providing cutting-edge risk solutions, as well as our flexibility in customising cover. In fact, new products, solutions and packages, that have been engineered to meet the specific needs of our clients, are a direct result of our close collaboration with our clients and are testament to our commitment to client centricity.

1. Innovation

Sanlam has been at the forefront of developing new products to meet client needs for the better part of a century. In 1922, we were the first South African insurer to develop disability policies and have, more recently, followed up on that breakthrough by engineering the debt helper benefit, funeral transport benefit and HELP to provide families with products that are relevant, affordable and practical.

2. Generic product range

We have a comprehensive range of products and services to provide you with the necessary tools to meet your clients' needs and include:

• Group Life Assurance (GLA), including flexible death benefits, payable to dependants as either a lump sum or combined with spouses� and children's pensions. Cover can be provided via an approved or unapproved scheme. Cover may be expressed as a multiple of salary, fixed amount or purchased on a fixed contribution basis. (Please note that the flexible death benefit part of the cover is not poolable)

• Spouse's Assurance, providing cover to spouses of employees has become a valued employment benefit.

• Accident Benefit, cover the risk of a death or physical injury as a result of an accident. (Only poolable if this benefit is linked to the death benefit)

• Conversion option, allowing withdrawing members to convert their existing cover to an individual life policy.

Group Disability Benefits

• Lump Sum Disability Benefits payable on permanent disability.

• Group Income Insurance (PHI) provides cover against the loss of income if a member is unable to work due to disability.

• Group IncomeCare provides monthly income benefits together with disability management that complies with both the stipulations and the spirit of the Labour Relations Act.

• Salary Refund benefit, to claim the salary paid to a member during the waiting period if the disability income insurance claim was successful.

• Continuation of cover benefit, this provides for the continuation of life cover during disability, with or without cover escalation.

• Disability Income Top-Up that provides a supplementary income of 25% of the member's monthly salary (in addition to the standard 75%) when functionally disabled

Other Group Benefits

• Standard Group Trauma Insurance providing a lump sum benefit on the diagnosis of 10 traumatic conditions.

• Comprehensive Group Trauma Insurance providing a lump sum benefit on diagnosis of 30 traumatic conditions.

For more information on Sanlam Employee Benefits' products and services, go to www.seb.co.za and choose Our Solutions : Sanlam Group Risk