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Sanlam Umbrella Fund provides a structure for employers to offer their employees packaged, flexible retirement saving and insured benefits.

Under the Sanlam Umbrella Fund, employers can choose to participate in a pension fund or a provident fund. Employers can also choose between the following benefit design options:

 

• Sanlam Futura Option: a low cost, packaged solution founded on the solidarity principle whereby uniform charging structures apply to all members,
• Standard Option: a simple, cost-effective option with all the basic benefits,
• Comprehensive Option: a wide range of benefits with added flexibility and member directed investment choice.

The Standard and Comprehensive Options permit each participating employer to structure appropriate levels of core group life insurance, income disability, capital disability, accident benefits and funeral cover to best meet its employees’ insurance requirements.