Apr 10, 2024

Insurope Spotlights Sanlam Limited in South Africa for its Commitment to Clients and Financial Wellbeing

Sanlam Limited stands as a beacon of integrity and reliability in the financial services industry. With a robust portfolio of products and services, including retirement solutions, life and disability cover, unit trusts, and private investments, Sanlam has consistently demonstrated its commitment to meeting the diverse needs of both individual and corporate clients across South Africa and beyond.

A Commitment to Clients

One of the hallmarks of Sanlam's ethos is its unwavering commitment to its clients. Through a sound and sustainable rating philosophy, underpinned by financial strength and resilience, Sanlam ensures that it can fulfill its promise to pay all valid claims, providing peace of mind to its policyholders even in the face of challenging economic conditions. This commitment to integrity and reliability has been recognized time and again, with Sanlam being awarded the prestigious 'Employee Benefits Product Supplier of the Year' title by the Financial Intermediaries Association (FIA) for the third time in four years.

A Commitment to Financial Wellbeing

Sanlam Limited’s mission is simple yet profound: to empower individuals to live with confidence, knowing that their financial future is secure. As a leading provider of financial services, the company understands that true confidence stems from more than just financial stability—it is about enabling individuals to lead fulfilling lives, free from the burden of financial stress.

In line with this mission, Sanlam offers a comprehensive suite of tools and resources designed to support people's overall wellbeing, including initiatives aimed at easing financial stress. In today's fast-paced world, where financial decisions can often feel overwhelming, it is essential to recognize the profound impact that financial stress can have on both physical and mental health.

Recent findings from the 2023 Money-Stress Tracker by Debt Busters highlight the pervasive nature of financial stress, particularly among women. Shockingly, 80% of women report experiencing financial stress, with detrimental effects on their health. Dr. Marion Borcherds, Senior Manager and Head of Wellbeing at AfroCentric, a subsidiary of Sanlam, emphasizes the critical link between financial wellness and overall health.

"Financially-stressed individuals are twice as likely to report poor overall health and four times as likely to develop certain health conditions," explains Dr. Borcherds. "Understanding and managing the symbiotic dance between health and finances is crucial. Financial wellness is not just about meeting money-related needs; it is about feeling secure about your financial future and alleviating stress about money."

Dr. Borcherds highlights that achieving financial health can dramatically improve one's quality of life by enabling individuals to reach their goals and pursue opportunities without the constraints of financial hardship. By empowering them financially, individuals can enhance their overall wellbeing and resilience, ultimately leading to a more fulfilling and balanced life.

Sanlam Limited is committed to supporting individuals on their journey to financial confidence and wellbeing. Through its innovative solutions, personalized advice, and ongoing support, the company strives to empower people to take control of their financial futures and live with confidence.

Specialized Solutions in Every Market

When it comes to employee benefits, one size no longer fits all.

This is why the Insurope Network offers a multinational solution that is tailored for the needs of employees in every country where an organization does business. Delivered through local Network Members like Sanlam in South Africa, as an add-on to their already strong employee benefits programs, this wellbeing offering enhances and reinforces our Network’s established multinational employee benefits solutions. And by enabling organizations to promote the physical and mental wellbeing of their workforce, it contributes to overall productivity, engagement, and talent management.