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Dad with young son and daughter running happily to greet their mom.

Group Insurance

Our Group Insurance Benefits help you, your employees, and their beneficiaries by reducing the financial impact of unexpected life-changing events that could leave them without an income because of critical illness, disability, or death.

Help your employees be financially prepared for events that could change their lives.
Protect employees’ families from financial burden when they are no longer able to earn an income.
Employees pay for what they need with flexible Group Insurance Benefits.

Find an adviser View brochure (pdf)

Group Insurance resources

Brochures

Forms

Tools and calculators

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Press releases

What we do

6 800 employers in South Africa choose Momentum Corporate to cover their 1.6 million employees. Here’s why:

Our Group Insurance Benefits

Employees who feel cared for are more likely to contribute to your business’ journey to success. Provide them with Group Insurance Benefits to help protect their financial future and give them peace of mind if a traumatic life event prevents them from earning an income.

Death Benefits

We provide financial assistance to your employees and their families if they or one of their family members passes away.

Learn more

Disability Benefits

We assist your employees financially and support them to receive the care they need to get back to work.

Learn more

Illness Benefits

If an employee is diagnosed with a critical illness or hospitalised, we help them cover potentially overwhelming expenses and lifestyle adjustments.

Learn more

Find an adviser

Why choose Momentum Group Insurance?

We do more than simply pay claims. What makes our benefits unique is the support we provide to your employees and their families, not only when they face difficulty, but in all stages of their lives. We developed a range of services to help employees throughout their life journey.

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Wellness Care Centre

We care about the wellbeing of our clients and their employees. Our Wellness Care Centre delivers holistic disability claims assessment and management services, walking this journey with you with medical expertise, market experience, and empathy.

Learn more

Employee Assistance Programme

Help during traumatic life events

We are here to help your employees and their families 24/7, 365 days of the year to provide them with support during traumatic life events, such as counselling, legal services and debt assistance.

View brochure (pdf)

FUNERAL ASSISTANCE SERVICE

Bereavement guidance and support

We are here to help your employees and their families with funeral arrangements and administration. Services include the repatriation of mortal remains and assistance with the burial or cremation.

View brochure (pdf) Virtual funeral benefit (pdf)

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Children’s Education Benefit

Every child deserves a good education

This benefit pays out from pre-primary school (Grade R) and continues through primary and high school to tertiary education. Employees also have access to an online study service called Studymaster.

View brochure (pdf)

Tools and Calculators

Our calculators are used as a guideline. We always recommend that you consult with your financial adviser who will be able to provide financial advice based on your own unique needs and financial goals.

Disability

Disability 2.0 member level
calculator

Help your employees understand their potential Income Disability Benefit and to show what they could be covered for.

Download (xls)

Disability

Disability needs
calculator

Calculates how much money your employees will need to take care of their families if they become disabled.

Download (xls)

Life Insurance

Life insurance
calculator

Help your employees determine if their Death Benefit will be enough to take care of their families if they pass away.

Download (xls)

Approved Benefit

Tax replacement
calculator

Calculate the tax payable on the approved Lump Sum Death Benefit so that the benefit can be increased to include the tax amount.

Download (xls)

Find an adviser

Want to know more?

Will all my employees be covered?

You can choose to cover all your employees or a group of employees.

Can employees decide to opt-in or opt-out?

Employees will not be able to opt-in or opt-out.

What is the difference between approved and unapproved benefits?

You can provide your employees with Group Insurance Benefits by purchasing group insurance through your retirement fund (approved insurance benefit) or outside your retirement fund (unapproved insurance benefit). For unapproved benefits, the insurance premium is taxed as a fringe benefit in the hands of the employee. Unapproved benefits are tax free when the employee receives the benefit.

If an employee leaves your employment, can they keep their Group Insurance policy?

Employees cannot keep their Group Insurance Benefits when they leave your employment, but can convert them to an individual policy with Momentum Myriad.

What are the tax benefits if I offer my employees Group Insurance Benefits?

Employers can only claim a tax deduction on the premiums in terms of section 11(ww)(i) of the Income Tax Act if they are the policyholder and only if the premiums are taxed as a fringe benefit in the hands of the employees.

Want a brochure?

Download the Group
Insurance brochure.

View brochure (pdf)

Need advice?

Get one of our financial
advisers to call you back.

Find an adviser

Contact Group Insurance

Email

[email protected]

Other Momentum contacts

Group Insurance