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Sanlam Easy Retirement
This unique Employee Benefits solution offers retirement, withdrawal, death, capital disability and funeral benefits in one comprehensive package. This fund is ideal for small businesses and home employees. Administration by Sanlam Corporate.By registering your employees as members of the fund, your social responsibilities towards them at retirement, in the case of disablement or unforeseen death and the resulting funeral costs and financial assistance required by dependants afterwards, decrease significantly.
Solution Minded
Insurance that works for you
Contributions
Contributions, Sosts and Risk benefits premiums are applicable from 1 July 2024 - 30 June 2025.| PLAN | SM1 | SM2 | SM3 | SM4 | SM5 | SM6 | SM7 | SM8 | SM9 | SM10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Contributions | R320 | R320 | R435 | R630 | R870 | R1 090 | R1 490 | R2 090 | R2 580 | R3 485 |
| Death & Disability Cover | - | R16.92 | R25.39 | R46.55 | R50.77 | R67.69 | R88.85 | R131.15 | R173.46 | R190.38 |
| Funeral Cover | - | R17.94 | R20.92 | R20.92 | R20.92 | R20.92 | R20.92 | R23.91 | R23.91 | R23.91 |
| Total Cost For Benefits | - | R34.86 | R46.31 | R67.47 | R71.69 | R88.61 | R109.77 | R155.06 | R197.37 | R214.29 |
| Administration Fee | R17.10 | R17.10 | R17.10 | R17.10 | R17.10 | R17.10 | R17.10 | R17.10 | R17.10 | R17.10 |
| Consulting Fee | R18.40 | R18.40 | R25.01 | R36.23 | R49.88 | R49.88 | R49.88 | R49.88 | R49.88 | R49.88 |
| Total Operating Expenses | R35.50 | R35.50 | R42.11 | R53.33 | R66.98 | R66.98 | R66.98 | R66.98 | R66.98 | R66.98 |
| Total Costs | R35.50 | R70.36 | R88.42 | R120.80 | R138.67 | R155.59 | R176.75 | R222.04 | R264.35 | R281.27 |
| NET Contributions | R284.50 | R249.64 | R346.58 | R509.21 | R731.33 | R934.41 | R1 313.25 | R1 867.96 | R2 315.65 | R3 203.73 |
| % Allocation Towards Retirement Savings | 88.91% | 78.01% | 79.67% | 80.83% | 84.06% | 85.73% | 88.14% | 89.38% | 89.75% | 91.93% |
| GROUP RISK BENEFITS - LEVEL OF COVER | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Life Insurance | - | R20 000 | R30 000 | R55 000 | R60 000 | R80 000 | R105 000 | R155 0000 | R205 000 | R225 000 |
| Lump Sum Disability Insurance | - | R20 000 | R30 000 | R55 000 | R60 000 | R80 000 | R105 000 | R155 000 | R205 000 | R225 000 |
| Family Funeral Insurance | - | R15 000 | R17 500 | R17 500 | R17 500 | R17 500 | R17 500 | R20 000 | R20 000 | R20 000 |