Old Mutual Corporate and YuLife SA are rolling out their new partnership aimed at integrating group risk benefits with digital well-being tools for South African employees.
The programme, which officially launched on 1 May, is now being made available to new clients.
The collaboration brings together Old Mutual’s experience in group risk benefits with YuLife’s technology-based approach to employee engagement and wellness. The companies say the aim is to provide a more comprehensive benefits offering that supports financial protection while promoting physical and mental well-being.
According to Old Mutual Corporate, the introduction of the two-pot retirement system highlighted the value of accessible digital platforms in employee benefits administration. The group reported that more than 98% of claims related to the reform were submitted digitally.
“By partnering with YuLife, we are building on these valuable insights to offer a solution that not only strengthens financial security but also fosters inclusive well-being for all employees,” said Mariaan de Jongh, general manager of group assurance at Old Mutual Corporate.
YuLife’s app uses behavioural science and gamification to incentivise users to adopt healthier habits, while also providing access to group risk cover. The platform includes automated administrative functions to streamline onboarding and claims processes.
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“By combining YuLife’s technology with Old Mutual Corporate’s extensive expertise, the programme will allow policyholders to engage with their benefits in a more interactive, personalised, engaging, and efficient way setting a new benchmark for employee well-being and financial security across South Africa,” said Jaco Oosthuizen, YuLife SA co-founder and managing director.
Initially available to new clients only, the joint offering will provide group risk insurance alongside well-being tools such as fitness tracking and mental health support. The platform aims to improve employee engagement with benefits through digital interaction and reward-based incentives.
Old Mutual Corporate described the partnership as a response to changing expectations in the benefits landscape.
“To truly support employees, organisations must adopt a holistic approach that integrates financial, physical, and emotional well-being,” said De Jongh. “In a rapidly changing and challenging business environment, traditional employee benefits are no longer sufficient.”
YuLife SA entered the South African market in April 2023. The company says the partnership with Old Mutual will help to accelerate its local growth and bring its digital-first approach to a broader base of employers.
“Collaborating with Old Mutual Corporate is a huge milestone for us,” said Oosthuizen. “Their extensive experience and trust within the insurance sector, combined with our innovative approach to employee well-being, creates a powerful opportunity to redefine how group insurance can support both financial security and create healthier societies.”
