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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.

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.

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).