There’s more need today than ever for quality healthcare in South Africa that’s both accessible and affordable – yet our rising medical costs makes private medical care feel out of reach to many.
In a significant move to bridge this gap, Sanlam has announced a brand new partnership with Fedhealth to provide a complete health offering as part of its overall financial services value proposition.
This collaboration is set to dramatically change the healthcare landscape in South Africa as we know it, by providing an offering that integrates health, insurance and investment solutions.
Strategic partnership means better value
With healthcare playing a crucial role in financial planning and security, Sanlam aims to offer a comprehensive solution that includes medical aid as a key component. Their partnership with us aligns with their broader strategy of delivering a holistic financial services experience to their clients.
Sanlam’s Group CEO, Paul Hanratty, says that the partnership also supports their objective of facilitating more accessible healthcare in the country. “Many South Africans need affordable private healthcare delivered by a solid medical aid,” he says. “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.”
Customisation and affordability
As a medical aid scheme, we’ll continue to operate as an independent entity run by a Board of Trustees consisting of scheme members. Our Principal Officer, Jeremy Yatt, says that the partnership is built on shared values of customisation and affordability. “Fedhealth is already unique in the medical aid landscape, thanks to our ability to offer customisable medical aid,” he says. “This allows our members to craft the plan that suits them, so they do not have to pay for benefits they do not use, which leads to significant cost savings.”
The new partnership will allow us to offer even more money saving opportunities to our members through integrated product offerings, an innovative rewards platform and wellness incentives that collectively encourage them to take further charge of their health.
The agreement also supports our intention to expand our market share of South Africa’s corporate market by leveraging Sanlam’s established client base. The influx of corporate members will further boost our sustainability, allowing for continued innovation and member-focused offerings.
A better outcome for all
Our tailored approach to medical aid, combined with Sanlam’s extensive market reach and strong financial foundation, means that both our new and existing members can look forward to enhanced value and affordability.
The move also strengthens the connection between financial planning and healthcare: by incorporating medical aid into its portfolio, Sanlam ensures that its clients can protect both their health and financial future under one trusted brand.
Looking to the future
With a shared vision of providing accessible, cost effective and high quality healthcare, we’re redefining and reshaping the medical aid landscape in South Africa. More than that though, we’re also empowering South Africans to take charge of their health and financial well-being.
“Together, we aim to bring more benefits, greater access, and cutting-edge innovation to financial, physical, and mental well-being – all in one place,” says Yatt. “Our vision is clear: to become South Africa’s most trusted health brand by 2030, delivering real value every step of the way.”
