Momentum Insurance

Momentum is a leading insurance provider in South Africa that offers comprehensive solutions to meet your unique needs.

As a company dedicated to doing things differently, Momentum prides itself on its unique approach to insurance. From its advertising campaigns to its innovative product offerings, Momentum is a company that likes to do things differently. This approach has endeared it to many South Africans who appreciate the company's unique approach to insurance.

A history of excellence and innovation

Founded in 1966, Momentum has grown to become one of the largest insurers in the country with one of the most extensive insurance offerings. The company has a rich history of excellence and innovation and has won numerous awards for its outstanding performance in the insurance industry.

Comprehensive insurance solutions for all

The company's product offerings include life, disability, critical illness, and funeral cover, among others. With Momentum, you can rest assured that you’re covered for all eventualities.

Unbeatable customer service 

One of the things that set Momentum apart from its competitors is its excellent customer service. Their customer service team is available to assist with any queries or concerns you may have.

Empowering SA’s youth to do better

The company's Corporate Social Investment (CSI) initiatives focus on education and unemployment and aim to improve the lives of youth that are most in need. Through these initiatives, Momentum is helping to build a better, more equitable South Africa.

Rewarding you for healthy behaviour

One thing that sets Momentum apart from other insurance providers is its rewards program, Multiply.

Multiply is a wellness and rewards program that rewards you for living a healthy lifestyle. You can earn points for activities such as going to the gym, buying healthy food, and taking regular health assessments.

The company's critical illness cover is one of its most popular offerings, providing comprehensive protection against serious illnesses.

What to expect from critical illness cover from Momentum

Momentum offers Critical Illness Cover that provides financial protection for individuals and their families if they are diagnosed with a severe illness. The cover helps offset any shortfall in medical aid costs, allowing the focus to be on recovery instead of medical bills.

By adding Longevity Protector™ - critical illness benefit to the cover, one can ensure that the coverage never runs out, no matter how long they live with a critical illness. The cover offers a tax-free lump sum payout that can be used to pay for lifestyle adjustments, and children are financially taken care of from birth until 18 years old at no extra cost.

Critical illness cover pays for additional medical expenses and lifestyle adjustments. It offers financial protection against illnesses like heart attack, cancer, stroke, Alzheimer’s, Parkinson’s disease, and injuries from accidents. 

Medical aid schemes provide adequate coverage while in the hospital, but they do not cover out-of-hospital expenses, chronic medication, or experimental treatments.

During 2021, Momentum paid R715 million in critical illness claims, with cancer remaining the leading cause. Critical illness coverage includes complete protection spanning the entire body, covering life-changing conditions like heart attack, respiratory failure, kidney failure, and more.

How much cover do you need?

Individuals should get the most critical illness cover they can afford since the financial impact of a severe illness varies from person to person. Critical illness coverage is automatically provided to children from birth until they are 18 years old, equaling 10% of the parent's benefit amount and limited to R250,000 per insured parent.

Additional benefits, such as the Specified Claim Event Enhancer and Breadth of Cover Guarantee™, can be added. The Specified Claim Event Enhancer enhances the tiered payouts of the 25%, 50%, and 75% severities for the four most common critical illnesses. The Breadth of Cover Guarantee™ ensures a payout for all defined critical illness events covered by Momentum and any other life insurance company.