Momentum Myriad
Comprehensive life insurance with Multiply wellness rewards
Momentum Myriad is one of South Africa's most comprehensive life insurance products, offering extensive cover options and integration with Multiply rewards.
With cover up to R50 million and a wide range of benefits including disability, severe illness, and income protection, Myriad is designed for those who want complete financial protection. The Multiply programme rewards healthy living with premium discounts and lifestyle benefits.
At a Glance
R50M
Max Cover
From R200
Per Month
Multiply
Rewards
Full Suite
Cover Options
Key Benefits
Multiply Integration
Earn premium discounts and lifestyle rewards through the Multiply wellness programme.
Comprehensive Cover Options
Life, disability, severe illness, income protection, and business assurance all available.
High Cover Amounts
Life cover up to R50 million - suitable for high net worth individuals and professionals.
Income Protection
Comprehensive income protection if you can't work due to illness or injury.
Severe Illness Cover
Payout for critical conditions including cancer, heart attack, stroke, and more.
Cover Options
| Cover Type | What It Covers | Max Amount |
|---|---|---|
| Life Cover | Lump sum on death | Up to R50M |
| Disability Capital | Lump sum if permanently disabled | Up to R30M |
| Severe Illness | Payout for critical conditions | Up to R20M |
| Income Continuation | Monthly income if unable to work | Up to 100% income |
| Funeral Cover | Quick payout for funeral costs | Up to R100K |
Multiply Rewards Integration
Multiply is Momentum's wellness and rewards programme that rewards healthy living with real benefits.
Premium Benefits
- • Up to 20% premium discount
- • Rewards for healthy behaviour
- • Health assessments count
- • Fitness activity tracking
Lifestyle Rewards
- • Up to 100% cashback on fuel
- • Discounts at Clicks, Woolworths
- • Flight and travel rewards
- • Entertainment benefits
Pros and Cons
Pros
- Comprehensive cover options
- High cover amounts (up to R50M)
- Multiply wellness rewards
- Strong income protection
- Backed by major financial group
- Flexible benefit options
Cons
- Can be expensive
- Complex product structure
- Multiply costs extra
- Medical underwriting required
- May need advisor to understand fully
How to Apply
Contact Momentum
Request a quote online or speak to a Momentum financial advisor.
Needs Assessment
Work with your advisor to determine the right cover amounts and options.
Medical Underwriting
Complete health questionnaire and any required medical tests.
Add Multiply
Consider adding Multiply for wellness rewards and premium discounts.
Frequently Asked Questions
What makes Myriad different from other life insurance?
Myriad is one of the most comprehensive life insurance products in SA, offering a wide range of cover options including unique disability and severe illness benefits. The Multiply integration adds wellness rewards.
Is Multiply included?
No, Multiply is a separate programme with its own cost. However, the rewards and premium discounts can offset the cost for active participants.
Can I get income protection only?
Yes, Myriad allows you to structure your cover to focus on income protection if that's your priority, with or without life cover.
Important Information
- • Momentum Myriad is underwritten by Momentum Life Limited, part of Momentum Metropolitan Holdings.
- • Premiums depend on age, health, smoking status, and cover options selected.
- • Full disclosure of health conditions is required.
- • Benefits subject to policy terms and conditions.