Metropolitan Insurance

Metropolitan is a leading South African FSP and insurer, offering a range of financial and insurance services and products to meet the needs of individuals.

They’ve been in operation for over 120 years and are committed to making a difference in the lives of their clients through their innovative and inclusive approach.

A colourful history dating back to 1897

Metropolitan was founded in 1897 as the African Homes Trust. The company has since grown to become a leading insurer in South Africa, with a strong focus on providing affordable and accessible financial services to all.

In 2010, Metropolitan merged with Momentum to form MMI Holdings Limited, one of the largest financial services groups in Africa.

They offer a wide range of financial products and services, including life insurance, investments, savings, and healthcare solutions.

A very popular product is their critical illness cover, which provides financial protection in the event of a serious illness.

The real difference: Metropolitan’s devoted people

Metropolitan is committed to providing excellent customer service and has a team of knowledgeable and friendly representatives who are available to answer questions and provide support.

They also offer online and mobile services to make it easy for customers to manage their policies and claims.

CSI initiatives to be proud of

In the past, they focused on education, healthcare, and community development through financial literacy, sports and educational programmes.

They now focus on empowering South African youth through various entrepreneurship and financial literacy initiatives.

Benefits of choosing this premium insurer for your critical illness cover

• Financial protection in the event of a serious illness.
• Access to a range of wellness programs and support services.
• Flexible coverage options to meet your individual needs.
• Affordable premiums with the option to pay monthly or annually.
• Excellent customer service and support.

Metropolitan offers critical illness cover as a solution to help you cope with the financial impact of surviving a critical illness.

FutureChoice Critical Illness Cover offers two options:

Critical Illness Cover (core) which pays a lump sum if you're diagnosed with one of the four major critical illnesses - stroke, cancer, heart attack and coronary artery bypass surgery, and Critical Illness Cover (comprehensive) which pays a lump sum if you're diagnosed with one of the four major critical illnesses plus 12 other critical illnesses. You can also add Critical Illness Cover to FutureChoice Life Cover (all causes).

Flexi-premiums allow you to adjust your premiums and cover to a more affordable level during financial difficulties, while escalation options provide the option to increase your benefit amount to keep up with inflation.

Optional benefits include disability premium waiver, retrenchment premium waiver, death premium waiver, cashback benefit, and monthly support payout benefit.

Critical illness cover starts at R150,000 and goes up to a maximum of R1.5 million, with premiums as low as R100 per month.

With one in three men and one in four women likely to have a heart condition before the age of 60, and the rising incidence of critical illnesses, it's important to have the right protection in place for you and your family.

A summary of Metropolitan’s critical illness cover options

Metropolitan offers critical illness plans that aim to assist individuals diagnosed with a serious illness to adapt to their new lifestyle changes. The coverage is available to those aged between 14 and 64 years and ranges from R150 000 up to R1 500 000.

By conducting medical tests, the insurer can provide the best possible payment to start with, provided that the individual is healthy. The Flexi-Premiums benefit allows policyholders to decrease their payment and coverage when times are tough.

Critical Illness plans come in two options:

Core and comprehensive, with the latter covering four major illnesses and 12 others.

The benefits include a value defender to keep up with the rising cost of living, the free January benefit allowing the policyholder to skip their January payment every year, the disability premium waiver, which covers payments if the policyholder becomes disabled, and the retrenchment premium waivers, which takes care of payments for 12 months if the payer is retrenched.

The death premium waiver ensures that the plan continues if the payer passes away. Lastly, the cash-back bonus reimburses some of the payments made every five years.