SANLAM SKY’S NEW BUSINESS VOLUMES SURGE

Funeral policies and life cover for low-income earners now make up 31% of the company’s entire life book, showing that diversifying away from middle and high – income groups has made sense for the financial services group. Sanlam Sky reported an 8% improvement in net operating profit in Six months Sanlam Sky’s new business volumes surged 77% while the value jumped 20%. The growth in the low-income market provided a glimmer of hope amid subdued Consumer spending.

While Sanlam Sky contributes about 16.5% of the group’s profits, the value of new business from this division now makes up 31% of the entire life book.

Leave a Reply

Your email address will not be published. Required fields are marked *