Your Wealth Bonus value is the amount of money you have accumulated in your Wealth Bonus portfolio.

Your Wealth Bonus value includes the monetary contributions Sanlam has made to your Wealth Bonus portfolio on your behalf, plus the contributions you have made as well as the interest earned on these contributions.

To get started with Wealth Bonus, you must buy a participating Sanlam Group product. Your Wealth Bonus will start to accumulate, according to each product’s rules.

You can grow your Wealth Bonus by adding more participating products to your Sanlam Group portfolio. Each qualifying product you add means more money contributed to your Wealth Bonus every month.

The following products qualify for Wealth Bonus:

*Available online and not distributed through any intermediaries.

Your current value is shown in the ‘Overview’ tab of your Wealth Bonus Dashboard, and in the navigation bar. Go to sanlamonline.co.za and login to access your Sanlam Portfolio and find the link to the Wealth Bonus Dashboard tab.

The current value of your Wealth Bonus will change over time. If there are any changes to your Wealth Bonus portfolio (for example, interest earned, additional qualifying products added, cancellation of a product, payment lapses, market changes, two-pot withdrawals from your retirement plan, and other reasons depending on the participating product) it could affect the current value of your Wealth Bonus.

Each participating Wealth Bonus product comes with a unique set of rules as to when the Wealth Bonus value can be accessed. Depending on the product/s you have with Sanlam, you will be able to access, or unlock, Wealth Bonus funds at predetermined intervals.

For example, with your Sanlam Personal Loan, your Wealth Bonus is automatically paid out once the conditions have been met. However, Wealth Bonus you earn on your Cumulus Echo Retirement Plan (RA) will only be available to you as part of any two-pot retirement system savings withdrawal, when you terminate the plan or retire. Please note that Wealth Bonus on the Cumulus Echo RA is part of the retirement proceeds and is subject to pension fund rules.

Your Wealth Bonus calculation depends on the product you buy. Some products contribute a percentage of your monthly contribution towards your Wealth Bonus. With other products, your Wealth Bonus is based on the accumulated fund value which is impacted by the positive or negative growth of the market.

How much Wealth Bonus you get over time is affected by the following factors:

You can grow your Wealth Bonus by adding more participating products to your Sanlam Group portfolio. Each product you add means another product helping you grow your Wealth Bonus every month.

You can also earn more Wealth Bonus with Wealth Bonus Boosters (which give you additional Wealth Bonus on top of the Wealth Bonus you currently earn) by having a combination of two products.

The longer you keep your Wealth Bonus, the more it will grow over time due to compounding interest.

Wealth Bonus Booster is additional Wealth Bonus on top of the Wealth Bonus you already earn on the participating products. It is available to graduates and professionals within certain age brackets, paying certain minimum premiums and who have the following two products:

Health Boost gives you an additional 15% Wealth Bonus you already earn if you have a Sanlam Matrix Premier plan and you belong to a Fedhealth Medical aid scheme.

Extended Wealth Bonus provides even greater value to you for keeping your Sanlam Matrix Premier or Sanlam Matrix Premier Smart plan active beyond the age of 70, after your Wealth Bonus has become fully unlocked.

This benefit allows for the continued accumulation of additional Wealth Bonus amounts, which are unlocked at certain milestone ages from age 75 until the age of 100.

You qualify if your policy includes Wealth Bonus from when it was issued on or after 1 January 2024, is still active, and has at least one benefit that lasts until or past age 75.

Partial Unlocks: Beginning at age 75, 50% of the accumulated Extended Wealth Bonus unlocks every five years. From age 90 this will happen annually.

Final Unlock: At age 100, the full remaining amount becomes available.

In the event of a product holder passing away, any unlocked Wealth Bonus amount will be paid out immediately to the holder’s estate or to their beneficiaries. Access to any ‘locked’ amount will depend on the specific rules of the participating product.

No. Your Wealth Bonus monetary rewards aren’t savings, so you won’t be able to add your own ad hoc contributions.

If you remove a participating product from your portfolio, you would lose any locked Wealth Bonus associated with that product. This will also have an impact on your future Wealth Bonus value (the amount you’ll have in the future). Please check your specific product rules to find out more.

If you cancel a product which is a qualifying product to earn one of the Wealth Bonus Boosters, you will lose your locked Wealth Bonus Booster value.

Please refer to your Wealth Bonus contract or policy contract for more information or speak to your financial advisor.

With some products or all your Wealth Bonus will be unlocked at regular intervals for withdrawal. For other products, your Wealth Bonus value will only be unlocked when you make a two-pot retirement system savings withdrawal, terminate the plan or retire. For Cumulus Echo Retirement Plans, Cumulus Echo Preservers and Sanlam Retirement Plans, your Wealth Bonus is part of your retirement proceeds and will be subject to pension fund rules.

Some products (like Matrix Premier risk plans) allow you to keep unlocked money invested and withdraw it at any time. Others will automatically transfer funds to you once they are unlocked, such as Sanlam Personal Loan. Certain products will only pay out your Wealth Bonus when you make a two-pot retirement system savings withdrawal, terminate the plan or retire, such as the Cumulus Echo Retirement Plan.

A Wealth Bonus payout is when the portion of your Wealth Bonus has unlocked’ and becomes available to you to transfer into your preferred bank account, depending on the product rules.

When some (or all) of your Wealth Bonus is ‘unlocked’ it means that you can withdraw that Wealth Bonus value, depending on the product rules.

Some products will transfer money out of your Wealth Bonus as soon as it is unlocked. For other products, you can choose to leave your ‘unlocked’ funds in your Wealth Bonus to keep growing with compound interest.

When you want to withdraw unlocked money from your Wealth Bonus, you need to select a bank account linked to one of your products into which the money must be transferred. All of this takes place inside your Wealth Bonus Dashboard. Sanlam will then transfer the money to you as cash. It will take up to four business days to reflect in your bank account.

If you don’t have a bank account listed on your Wealth Bonus Dashboard, please contact us on life@sanlam.co.za or 0860 726 526 to have one added.

The only way you can access your Wealth Bonus value is when it becomes unlocked. It is not like a savings account where you can withdraw the money whenever you would like. You can however use the Wealth Bonus as you choose once you have withdrawn the unlocked amount.

No. A product’s Wealth Bonus is a loyalty reward that you get as a reward for remaining a client. To get a product’s full Wealth Bonus payout, you have to keep that product active until the full amount is unlocked.

Each Wealth Bonus qualifying product has different rules.

Matrix Premier: 5% is unlocked every 5 years, with the full Wealth Bonus being unlocked at age 70, while early Maturity-top up (age 65) with an additional 5% cost to you.

Cumulus Echo Retirement Plan: 100% unlocks at normal retirement, ill-health or in the case of death. Unlocks partially at early termination before normal retirement, or any two-pot retirement system savings withdrawals.

Cumulus Echo Preservers: 100% unlocks at retirement age. At early retirement, termination or pass away, the accumulated Wealth Bonus will be paid.

Wealth Edge Endowment plan: Sanlam adds a refund of certain charges as Wealth Bonus on every 5th plan anniversary and the money unlocks when the endowment matures.

Sanlam Personal loan: unlocks Wealth Bonus at early or term settlement of loan.

Wealth Bonus Booster for graduates and professionals: Money unlocks from age 50, depending on age at qualification, with 100% unlocked at age 60.

Health Boost: generates more Wealth Bonus on your Matrix Premier risk policy with a qualifying medical aid.

The values on your Wealth Bonus statement are your accumulated Wealth Bonus (locked and unlocked), at a certain date. The unlocked amount of your Wealth Bonus that is available for you to withdraw, and for some products, the current projected (future) value of your Wealth Bonus.

In your Wealth Bonus statement, you will have three values:

To access your Wealth Bonus Dashboard, log in through the Sanlam Client Portal.

Ensure that you use the correct username and password to access your Sanlam Client Portfolio, to which you can click to the Wealth Bonus Dashboard.

Please contact life@sanlam.co.za to assist you with re-registering your preferred contact details.

Login to your Wealth Bonus Dashboard via the Sanlam Client Portal. Your current value is shown in the ‘Overview’ tab of your Wealth Bonus Dashboard, and in the navigation bar. Wealth Bonus.

Please contact life@sanlam.co.za to assist you with your communication preferences and contact detail updates.

The value in your email is your accumulated Wealth Bonus value at a certain date. For your most up-to-date value and which products are contributing towards your Wealth Bonus, visit the Wealth Bonus dashboard at cp.sanlam.co.za.

If SMS is your preferred method of communication from us, you will receive a monthly message that directs you to the Wealth Bonus dashboard to view your latest Wealth Bonus value at a certain date.

Monthly communication email or sms is sent to clients informing them about their Wealth Bonus value, including their accumulated Wealth Bonus and the how much is currently available to withdraw at a certain date.

If you have a Wealth Bonus qualifying product, you automatically receive lifestyle benefits. Visit the Wealth Bonus Lifestyle for more information. In addition, if you have a Sanlam SKY funeral policy, a Sanlam Group Risk benefit or is a member of the Sanlam Umbrella Fund, you also have access to Wealth Bonus Lifestyle Benefits.

You can visit the Wealth Bonus Lifestyle and navigate to the ‘Benefits’ tab. Here you will be able to see all of the benefits that you have access to with your qualifying product.

If you’d like to get access to even bigger discounts on benefits, you can upgrade to one of the paid Sanlam Reality membership options.