Critical illness benefits: cover the unexpected costs

Money, unfortunately, cannot buy perfect health. But it can at least help to lift the large financial burden when dreaded and life-changing illnesses like cancer, strokes and heart disease strike. Not only is the cutting-edge medical technology used to treat these illnesses very expensive, but the recovering patient often requires costly lifestyle changes like modifications to the home to allow wheelchair access or the employment of a full-time caretaker. Being…

Cancer diagnoses rocketed by 45% among Discovery members – here are the most prevalent cancers

A new report by Discovery Medical Scheme found that the number of members being treated for cancer increased by 45% between 2011 and 2017.  Breast cancer was the most widely cancer treated for females, and prostate cancer for men.  Discovery spent 103% more on cancer treatment in 2017 than in 2011.  Cancer diagnoses among Discovery members – the country’s largest medical insurance scheme – increased by 45% between 2011 and…

Momentum Claims statistics 2016 – An important contribution to the financial wellness of our clients

At Momentum we are passionate about the financial wellness of our clients. We work hard to help them achieve this by providing appropriate cover and services to help protect them against the financial consequences of unexpected events that life throws their way. The claim statistics are a very tangible way of illustrating this contribution. We do not only pay claims, we improve lives and prevent claims events from happening: By…

GENERATION LIFE – Global Life Cover for South Africans

  Introduction A unique product has been created by an Insurance Company based in Mauritius, specifically for corporates and individuals doing business in Africa. The product is called Generation Life and essentially consists of 3 distinct parts; these are not mutually dependent upon each-other. Life Insurance The first component offers risk benefits namely USD based term life cover together with disability benefits and critical illness (dread disease) if required. Unusually…