Sanlam has partnered with medical aid scheme Fedhealth as the financial services group continues strengthen its service offerings.
Fedhealth will maintain its independence, with its operations continuing to be overseen by a board of trustees composed of scheme members.
In a joint statement on Tuesday, the companies said they expect to expand Fedhealth’s footprint in the corporate sector by leveraging Sanlam’s extensive client base, increasing membership and enhancing benefits to consumers.
Sanlam CEO Paul Hanratty hailed the partnership as a significant step towards addressing the need for affordable private healthcare.
“Many South Africans need affordable private healthcare delivered by a solid medical aid. Our partnership with Fedhealth demonstrates our commitment to enable accessible healthcare and reinforces our outlook to encourage our clients to live confidently, healthily and resiliently build wealth,” he said.
The collaboration is already in progress, with a substantial number of Sanlam employees having transitioned to Fedhealth’s medical aid plans, Hanratty said.
Fedhealth principal officer Jeremy Yatt said shared values including affordability and customisations underpin the partnership.
“Fedhealth is already unique in the medical aid landscape, thanks to our ability to offer customisable medical aid, which allows our members to craft the plan that suits them, so they do not have to pay for benefits they do not use. This leads to significant cost savings,” he said.
“By partnering with Sanlam, we’ll now be able to offer even more money saving opportunities by means of integrated product offerings, an innovative rewards platform and wellness incentives to our members that encourage them to take further charge of their health.”
The two companies are committed to becoming a powerhouse by 2030. Yatt said they aspire to become SA’s most trusted brand delivering tangible value.
“By combining Sanlam’s trusted reputation and extensive reach with Fedhealth’s clinical expertise, we are setting a new standard for health and wellness. Together, we aim to bring more benefits, greater access, and cutting-edge innovation to financial, physical, and mental wellbeing — all in one place. Our vision is clear: to become SA’s most trusted health brand by 2030, delivering real value every step of the way,” he said.
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