Between March and August this year, Sanlam Individual Life has paid out over R162 million in COVID-19 related claims. Sickness and income protection benefits amounted to over R17 million claims while death and funeral claims paid out over R144 million. Petrie Marx, Product Actuary at Sanlam, noted that in August alone, death and funeral claims related to Coronavirus […]
According to the just-released claim statistics of Sanlam, cardiovascular disease, cancer and accidents remain the leading causes of claims and the company is urging clients to futureproof their financial lives. Cardiovascular disease as a cause confirms data in the recently released Old Mutual statistics where the proportion of heart attack claims also increased by 113% […]
“A key thing that emerged across the 2020 Sanlam Benchmark research was that the focus of institutional retirement funding will shift from engaging members themselves. This is consistent with the Mega trend of Individualisation that emerged from the 2019 Sanlam Benchmark,” Viresh Maharaj, Managing Executive: Sanlam Corporate Distribution stresses at a virtual version of the […]
According to Jocelyn Hathaway, Acting CEO of Sanlam Employee Benefits, Sanlam’s Benchmark survey this year included a deep dive into the concept of financial resilience, which is essentially the ability of individuals and corporates to withstand the financial impact of a downturn in the economy. In the foreword of the research results she mentions that […]
“The Sanlam Benchmark research is about asking and answering questions to spot the megatrends shaping our lives”, Viresh Maharaj, Chief Executive of Sanlam Corporate Sales and Marketing pointed out at the release of Sanlam’s 2019 Benchmark Research – the group’s annual retirement research. Here are the ten megatrends identified in this year’s Report: 1. Governance […]
According to the just-released claim statistics of Sanlam, cardiovascular disease was the leading cause of death claims. “This aligns to the Heart Foundation’s 2017 report, which identified that 18% of deaths in South Africa are caused by heart disease and strokes – that’s 225 fatalities a day, with ten adults suffering a stroke every hour,“ […]
