Sanlam
Sanlam was founded in 1918. It is the second
largest life insurance company in South Africa, and consists of
the following two core areas :
| |
Services |
Clients |
|
Sanlam Personal Finance |
Life Assurance
Unit Trusts
Personal portfolio administration
Trust services
Group risk products
Investment products for groups
Retirement fund administration
Actuarial and consulting services
|
Individuals
Businesses
Retirement Funds |
|
Sanlam Investment Management |
Investments |
Sanlam
Retirement Funds
Other Institutions |
On the 30th of November 1998 Sanlam was listed on the
Johannesburg Stock Exchange, having previously been a mutual
company. During the last four years Sanlam has undertaken a
major reorganisation in response to developments in the
financial service industry.
Sanlam expects that these changes will enable us to add
value for our clients.
Sanlam's strengths are into a strong market position,
broad distribution network, extensive client base and strong
brand name.
Sanlam Life is the leader in the field of retirement fund
administration and the underwriting of risk benefits.
market trend
Group benefit market in Greece continues to be a dynamic market
with a penetration in the Greek companies of approximately 20%.
Currently, a new segment is presented in the market, tais of the
second pillar, which includes the Professional Funds. Thus, a
significant growth in Employee Benefits Market is expected for the
next 5 years.
Recently the Government increased the tax-free limits for Employee
Benefits from 1.100,00 to 1.500,00 per insured employee
Provided that any increase in the social security is not expected,
there are opportunities for an increase in the supplementary
private schemes.
typical benefit plan
A typical benefit plan demands at least a life insurance
benefit with all the other benefits following to play an
additional role such as the Permanent Total Disability (due to
sickness or accident), AD/PDCS (benefit on accidental death or
disablement), L/I (weekly indemnity), and CMM (Comprehensive
Major Medical).