User:SloanLA/sandbox
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Background
[edit]Momentum Life Insurance, known as Momentum Myriad is a life insurance company, established in 2002 and is part of Momentum Metropolitan, a South African based financial services group that is listed on the Johannesburg Stock Exchange.
Momentum Life Insurance has a head office that is based in Centurion, South Africa and is responsible for selling life insurance products to individual and corporate customers.
Products
[edit]Momentum Life Insurance provides the following life insurance products to its individual and corporate customers:
- Complete critical illness cover
- Complete income protection benefit
- Complete functional protector cover for permanent illness or injury
- Death income benefit
- Disability cover with built-in functional impairment cover
- Education protector benefit
- Estate provider benefit to cover professional and administrative costs to wind up an estate
- Last-survivor death benefit
- Longevity protector
- Business assurance products that are for business owners, the business or employees
Leadership
[edit]- Johan le Roux - Chief Executive Officer, Momentum Life
- Stephen van Niekerk - Head: Retail Life Insurance Product House
- George Kolbe - Head: Insurance Marketing
Latest news
[edit]In the 12 months to end-June 2021, Momentum Life Insurance paid R10.7 billion in death claims[1] during the year, compared to an average of R5.6 billion a year over the 3 years before the pandemic.
- ^ "Metropolitan Life sees 70% surge in deaths due to Covid-19". fin24. 17 August 2021. Retrieved 22 October 2021.