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Myriad Brochure


Myriad, Momentum’s life insurance product, is a market leader in the industry. Hundreds of thousands of South Africans have chosen Myriad for their personal risk insurance or life insurance because of the flexibility it offers. Whether you’re looking for a cost-effective solution or a comprehensive one, Myriad is able to give you the most robust protection in the market.

For more info visit Momentum Life Insurance.

Multiply Premier

You can get up to 60% off your monthly Momentum Myriad premiums. Your discount is calculated using the combined results of your Healthy Heart Score, Active Dayz™ (or fitness assessment level) and your status on Multiply Premier.

It’s as easy as 1, 2, 3 to get the most from Multiply.

Your HealthReturns are calculated using the combined results of your Healthy Heart Score, Active Dayz™ (or Fitness Assessment Level) and your status on Multiply Premier.

The following table illustrates how these measures work together in calculating your Myriad discount:

  • The Myriad discount will be based on your Healthy Heart Score, your Multiply status, and your average Active Dayz™ (or your Fitness Assessment Level).
  • In the absence of a Healthy Heart Score, discounts will be based on a RED Healthy Heart Score.
  • Active Dayz™ will be averaged over a 6 month period, from January to June and again from July to December. This means that your January to June discount will be based on the past year’s July to December average Active Dayz™. However, to start the process, your January 2017 discount will be calculated using only your two highest months of activity between 1 July 2016 and 31 December 2016.
  • Your July to December discount will be based on your January to June average Active Dayz™.
  • If you have a valid Fitness Assessment level, we will consider the best of your average Active Dayz™ and your Fitness Assessment Level.

Premium Payback Option

You can get 20% of your Myriad premiums back every ten years. To qualify for this payback, you must select Myriad’s Premium Payback Option. It costs approximately 12% more than Myriad’s stand-alone benefit premium, but every 10 years you will receive 20% back of all the premiums you have paid on main benefits to which the Premium Payback Option is attached.

As a Multiply member, you get back up to 60% off your Myriad premiums - the higher your status, the more you can earn back. This is in addition to the discounts you are already enjoying on your premiums.

You can expect the following premium payback, according to your Multiply status:

Status Payback
Bronze 20%** + 0.3% per year in this status
Silver 20%** + 0.5% per year in this status
Gold 20%** + 1.5% per year in this status
Platinum 20%** + 3.0% per year in this status
Private 20%** + 4.0% per year in this status

**This 20% is guaranteed under the Premium Payback option.

An example of what you could get after 10 years, should you remain in the following statuses***:

Status Payback
Bronze R24 000 + R3 600 = R27 600
Silver R24 000 + R6 000 = R30 000
Gold R24 000 + R18 000 = R42 000
Platinum R24 000 + R18 000 = R42 000
Private R24 000 + R48 000 = R72 000

*** Assuming R1 000 per month premium with no escalation

Now, say you are a Multiply member on Gold status, and you have selected the Premium Payback option. You maintain your Gold status for five years, then up it to Platinum for a further five years.

You would get the guaranteed 20% payback, plus an additional payback of 22.5% (5x1.5% + 5x3.0%). In total, you would get 42.5% (R51 000) back on all your premiums paid under the main benefit.

Multiply Provider

Multiply Provider clients do not qualify for discounts on their Momentum Myriad premiums.

Upgrade to Multiply Premier to enjoy this benefit.

Multiply Starter

Multiply Starter clients do not qualify for discounts on their Momentum Myriad premiums.

Upgrade to Multiply Premier to enjoy this benefit.

How to get it

These are the steps you need to take to start earning your Myriad discounts :

1. Get your Healthy Heart Score

In order for us to provide you with a Healthy Heart Score, you need to complete a Health Assessment. As a Provider or Premier Multiply member, you are entitled to one free health assessment per year.

How the Health Assessment works

  • During the health assessment, your blood pressure, body mass index (BMI), cholesterol and blood sugar (finger prick tests) will be measured. You can complete your health assessment at any Dis-Chem, or Clicks clinic.
  • Simply contact the clinic sister to make your appointment. If you are also a Momentum Health member, then you are entitled to one more free health assessment as part of the Health Platform benefit(only adult beneficiaries). You can also use your HealthSaver to pay for additional assessments.
  • Results from your completed Health Assessment together with your smoking status will then be used to calculate your Healthy Heart Score and identify which category your heart health falls in, either: Green, Amber or Red.

2. Get Active

Physical activity is being recognised globally as one of the biggest fighters of illness like cardiovascular disease, diabetes, cancers, depression and more. We have solutions and tools in place to help you get and stay active: Active Dayz™ and Fitness Assessment.

Active Dayz™

Notch up Active Dayz™ by doing any of the following:

Read more on Active Dayz™ to see how it works.

Fitness Assessment

Multiply will also recognise and use your fitness assessment level to calculate your rewards if you choose this as an alternative to Active Dayz™. Complete your fitness assessment at a recognised Multiply biokineticist and you will obtain a fitness assessment level which will be fixed for a period of 6 months.We will use the best result of either your Active Dayz™ or your fitness assessment to calculate your Myriad discounts.

3. Improve your Multiply Status

Everyone loves going up. Getting to the next status means bigger discounts, better benefits and feeling healthier and happier about it all. Everything you do with Multiply earns you points. As you get aware, or get going you’ll accumulate more points and move up Multiply. The higher up you go in the programme, the richer your rewards. And the chances are, you’ll be a whole lot more fitter, financially well and healthier too.

Using the benefit:

  • Contact your Momentum accredited financial adviser, or call the Myriad contact centre on 0860 66 54 32.

Momentum Myriad Ts and Cs apply.