Disability cover
Disability cover protects your biggest asset – your ability to earn an income. Disability cover is a vital benefit in your life insurance portfolio. It financially protects you against the risk of permanently losing your income if you suffer an illness or injury and covers the extra costs of living with the disability.
Calculate your personalised disability cover premium discount of up to 35% with LifeReturns® to save on your monthly premiums. LifeReturns® is a modern approach to calculating maximum discounts on your monthly disability cover premium using the latest digital technology to quickly and accurately assess your health risk factors that are used to calculate your monthly premium price.
- Tailor your cover to suit your needs. Receive a lump sum payment, monthly payments or a combination of both.
- Get your discounted disability cover quote in 3 minutes.
- Save up to 35% on your monthly premium with a personalised LifeReturns® premium discount.
Save money on your disability insurance premium
Save money on your life cover premium
Get disability insurance that helps you save every month. LifeReturns® uses the latest technology to quickly and accurately assess your health risk factors to calculate your personalised disability insurance premium discount.
What's the difference between life and disability cover?
Disability cover compensates you if you cannot work and earn an income because of an illness or injury.
It provides for expenses that occur because of the disability suffered, for example, alterations to your car or home or covering medical expenses that your medical aid may not cover. It isn't just about planning for the worst to happen. It's a positive step toward protecting your financial future.
Life cover gives you peace of mind that your loved ones will be financially provided for in the event of your death. You can take out both disability cover and life cover with Momentum.
How much disability cover do I need?
Disability cover benefits are tailored to your individual needs.
It is available both as a lump sum pay-out and in the form of monthly payments through income protection products. It’s important to consider whether you will choose one over the other, or a combination of both.
Lump sum products pay a single amount in the event that you are permanently unable to work. This amount must be sufficient to fund your lifestyle for the rest of your life.
A combination of lump sum and monthly income benefits is generally recommended, depending on your particular situation and affordability.
Disability cover 2022 claims stats
Having the proper financial support is everything when the unthinkable happens.
- In 2022 we paid R500 million in lump sum disability claims.
- The largest disability claim payout was R15.7 million.
- The largest number of claims were cancer-related in both women and men.
Want to know more?
Claims and payouts
Premiums
Cover term and amount
Disability benefits
Discuss the advantages of taking out this additional disability benefit with your financial adviser.
