Life cover
Get a life cover quote in just 3 minutes and take the first step towards protecting your loved ones.
With LifeReturns®, you could save up to 35% on your monthly premiums through a quick digital health assessment.
Choose from R1 million to R10 million in life cover, and customise your protection with optional critical illness, disability and income protection benefits for added peace of mind.
- Momentum Life Insurance lets you choose and pay only for the cover you need.
- No medical test needed, just 4 health questions and a quick smartphone screening to confirm your discount.
- We’re committed to paying all valid claims and supporting you and your loved ones when you need us most.
What is life cover?
Life cover ensures that your financial responsibilities are taken care of in the event of your death. It replaces the income you would have earned during your working life, ensuring that your family is financially secure.
When should I get life cover?
- Discuss the benefits of taking out life cover with a financial adviser.
It is advisable to buy life cover earlier because you never know when you are going to need it and, as you get older, life cover gets more expensive. - If anyone else depends on your income, you should consider taking out life cover – the earlier the better.
For example, if you’re married, you and your spouse may want to take out life cover for each other. Many married couples rely on 2 incomes to cover their monthly expenses, and if one spouse dies, the other spouse would need to cover those expenses on one income.
How much life cover do I need?
Pick the cover amount your family would actually need — the bond, the school fees, the years of income that stop. The quote then prices it based on your age, health, and benefit mix, with your LifeReturns® discount applied.
- R1 million: Covers the bond and the immediate costs of a death in the family.
- R2 million: The common starting point for a household with one income and young children.
- R5 million: Replaces years of income and keeps education plans intact.
- R10 million: The maximum available on an online quote. Higher amounts can be discussed with your financial adviser.
We pay all valid claims
We know every claim tells a story - a family grieving a loss or navigating the challenges of illness or disability. That's why we focus on finding reasons to pay all valid claims. Through life's most challenging moments, our goal is to ease financial burdens – no matter what challenges they may face. In 2023, we paid R5,6 billion in claims with no Ombud rulings against our claim decisions.