Momentum Insurance South Africa | Life, Car and Home Insurance
You are on Uni24.co.za, in this article, we bring to you everything to know about Momentum Insurance. An insurance company is any firm that provides a means by which risk is managed. Put it this way, Momentum Insurance sells packages that offer protection against unexpected life circumstances in relation to damages, loss, theft or any bad situation.
With that said, Momentum Insurance provides an array of insurance protection categorized into four groups. These are Momentum Insurance Motor Insurance, Momentum Insurance Health Insurance, Momentum Insurance Business Insurance, and Momentum Insurance Home Insurance. These are some but a few of the insurance services this company offers. Other areas of protection include Fire Insurance, Life Insurance, Liability Insurane, Business Insurance and many more.
About Momentum Insurance
Momentum was established in 1966. Through strategic acquisitions and mergers, the company became known as Momentum in 1973 when Momentum Assurance Corporation was acquired.
Since then, we’ve been offering a secure future for you and your loved ones by providing financial advice, supported by innovative product solutions and excellent service to all our clients.
Our purpose
We want to help businesses and people from all walks of life achieve their lifetime goals and aspirations.
Our vision
To partner with you as your preferred and trusted insurer of choice.
Our values
We are driven by our commitment to our values. As a values-driven organization, they define how we do business and engage with our clients and internal stakeholders.
Services of Momentum Insurance
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Individual
Medical aid
Car and home insurance
Life Insurance
Investments and Savings
Momentum Money
Momentum Trust
Momentum Financial Planning
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Corporate
FundsAtWork Umbrella Fund
Group Insurance
Investments for Business
Multiply for Corporates
Healthcare for Corporates
Business Continuity Assurance
Business Insurance
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Contacts of Momentum Insurance
Medical aid Emergency rescue
082 911
Open 24 hours, 7 days a week, including public holidays.
Momentum Assist for car and home insurance
0860 784 767
For international emergencies only
+27 12 684 5603
Open 24 hours, 7 days a week, including public holidays.
Website: https://www.momentum.co.za/
Frequently Asked Questions on Insurance in South Africa
How Much Is Car Insurance per Month in South Africa?
Car insurance in South Africa comes at an average cost of ZAR 1,322.00 per month. It should be noted that this varies greatly from one company to another the difference is the extent of insurance coverage you get and other premium services that come with the package. On a broader scale, the average monthly payment for car insurance is about 58 USD. Factors that influence your insurance premium include your driving history, your current location, and the coverage.
Does Life Insurance Pay for Suicidal Death?
The answer to this question varies from one insurance company to the other. However, most insurance companies include a suicide clause in their life insurance policies. This simply means that the first two years of a life insurance policy do not cover suicide-related circumstances. This is done to protect the firm from situations where a policyholder purposefully commits suicide with the hope of winning his family or beneficiaries’ payouts. But in the case of a life insurance policyholder whose been with the firm for more than 2 years, a death benefit is paid out to the beneficiaries.
What Is Short-Term Insurance?
Short-term insurance is any insurance policy that lasts for an hour, day, week or month. These policies are designed for very short-term needs. It should however be noted that some insurance companies offer longer durations under this package. Generally, they provide protection against theft, damage to goods or property or any other form of liability.
What Is Excess in Insurance?
Excess in insurance is generally the amount of money you have to pay to cover your insurance claim. This allows the insurance to pass on an agreed amount of the risk to the policyholder and is included in the policy. So in the event of an insurance claim, the beneficiary pays a portion of the claim cost and the insurance company pays the rest.
How Much Is House Insurance in South Africa?
How much is house insurance cost in South Africa? In South Africa, prices for home insurance vary from Rs 1,800 per square foot for basic projects and Rs 3,000 per sq ft for lavish projects. The coverage for house insurance extends to theft, fire, malicious or flooding, lightning, and storms. The two common coverage include Home Structure Insurance and Home Content Insurance.
Home structure insurance protects against damages to the structure of the building on the exterior or interior often resulting from storms, earthquakes, flooding, or lightning.
The home content insurance covers property theft within the house or damages to any property within the house.
