Wealth Bonus® is a monetary reward, built into participating products across the Sanlam Group, that helps you to build meaningful long-term wealth.
These monetary benefits can be viewed and tracked for each product in your Wealth Bonus Dashboard, via the Sanlam Client Portal. If you have a Wealth Bonus product, you automatically gain access free to member Wealth Bonus Lifestyle benefits.
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 (by swiping your Money Saver credit card, for example), 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:
Your current value is shown in the ‘Overview’ tab of your Wealth Bonus Dashboard, and the navigation bar. Go to www.sanlamonline.co.za to log in to your Wealth Bonus Dashboard.
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 a Sanlam Money Saver credit card, you can withdraw the Wealth Bonus you earned via the card every quarter/annually. However, Wealth Bonus you earn on your Sanlam Cumulus Echo Retirement plan will only be available to you when you retire. Please note that your 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 with us, the more it will grow over time due to compounding interest.
Wealth Bonus Booster is an 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:
The Health Boost is an additional 15% Wealth Bonus you earn on your Wealth Bonus of a Sanlam Matrix Premier plan provided you have a Bonitas or Fedhealth Medical aid scheme.
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.
In early 2021, we launched Wealth Bonus - the loyalty programme that rewards you with long-term wealth.
When we launched, these product changes took effect:
Sanlam Indie
You can now track your Wealth Bonus yourself in your Dashboard.
Matrix Premier
Your Matrix Premier life insurance policy now comes with Wealth Bonus. Get rewarded for staying a client for longer.
Cumulus Echo Retirement Plan and Sanlam Cumulus Echo Preservers
Your Echo Bonus has been renamed, but works in the same way as it always has.
Sanlam Money Saver credit card
Your accumulated Cash-back bonus has been renamed to Wealth Bonus and still pays out to your Easy Equities account.
Sanlam Wealth Edge Endowment Plan
Your Sanlam Wealth Edge Endowment Plan loyalty bonus has been renamed Wealth Bonus.
Related articles: