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Skip Navigation Linkspost-retirement-medical-aid-solutions Post-Retirement Medical Aid (PRMA) Solutions

Sanlam Investments
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Post-Retirement Medical Aid (PRMA) Solutions

We provide a comprehensive solution which could entail removing the liability from the balanced sheet, or setting up a plan asset or various funding solutions funded via an Asset-Liability Matching Solutions strategy.

Employee Benefits Investments comprises a dynamic team of individuals, all of whom are industry leaders in their respective fields. This translates into flexible retirement investment solutions, structured in a unique fashion based on the needs of each respective client. These are not off-the-shelf solutions, but rather customised in a systematic fashion via a consulting process with the client taking into account HR practices, cashflow availability, philosophy within the company and any specific needs of the client.

Post-Retirement Medical Aid Solutions


  • This solution, also known as a settlement, involves voluntary settlements made to current and/or future pensioners. We provide full communication and assistance to members who take the settlement, as part of the implementation of the solution

Suitable for

  • Companies and institutions who wish to remove the post-retirement medical aid liability from their balance sheet

What the process aims to achieve and how

Removes a client’s exposure to all risks it is currently exposed to.

Conducted via voluntary settlement offers essentially replacing the current contractual obligation with an alternate benefit.

The offer is customised to ensure fairness taking into account available resources of the client.

We conduct all consulting to the client, communication of any offers and implementation of any solution.


  • This solution involves the structured funding of the liability via a product that meets plan asset criteria

Suitable for

  • Companies and institutions who wish to fund the liability via a plan asset structure thus ensuring transfer of risk, structured build-up of assets to meet the future obligation and if required, a structured means to fund a future buy-out

What the process aims to achieve and how

Meets IAS19 definition of plan asset.

Tax efficiency.

Significant risk transfer with respect to mortality, investment and reduction in administration burden.

Flexible funding into the structure.

Positive accounting reflection.

Seamless and low cost setup.

We can provide the protection you’re looking for.

Contact us to develop a solution that works for your fund.

Contact Us

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Sanlam Life Insurance is a licensed financial service provider.
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