Momentum Myriad Life Insurance 2026 Review
Highly modular life cover with industry-leading reliability — 99.8% of valid life claims paid in 2024 (R6.6bn total). Multiply integration delivers up to 60% premium discount, with a Premium Payback option returning 20% of premiums every 10 years. Best for engaged Multiply members.
Max cover
Modular (no published cap)
Multiply discount
Up to 60% off premium
Premium Payback
20% back every 10 years
HealthReturns cashback
Up to R3,000/family/mo
2024 claim payout
99.8% valid life claims
2024 claims paid
R6.6 billion
Key features
- • Modular benefit design — life, disability, critical illness, severe illness, income on one policy
- • Multiply Premier discount up to 60% on premiums (engagement-dependent)
- • Premium Payback option: 20% back every 10 years (costs +11% on premium)
- • HealthReturns: up to R3,000 cashback per family per month + 4 free GP visits
- • Full medical underwriting; tiered HealthStyle ratings
- • 99.8% valid-claim payout rate on life cover in 2024 (R6.6bn total claims paid)
Frequently asked questions
How much can I save on Momentum Myriad with Multiply?+
Multiply Premier members can save up to 60% on Myriad life premiums — the advertised maximum, achievable only at top Multiply tier with strong Safety Score, Safe Dayz, Healthy Heart Score and Active Dayz engagement. Moderate engagement typically delivers 15-35% premium discount. Multiply membership is a separate fee added to your Momentum portfolio.
What is the Momentum Myriad Premium Payback option?+
A premium-back option that returns up to 20% of Myriad premiums every 10 years. Adding the option costs approximately 11% on top of your base premium — so you pay slightly more upfront for the bonus. Useful for clients who want a built-in cash refund mechanic on long-term cover.
Is Momentum Myriad a good life insurance?+
Momentum publishes one of the strongest claim payout rates in SA — 99.8% of valid life claims paid in 2024 (R6.6bn total claims paid). Multiply integration delivers meaningful premium discounts. Modular benefit design lets clients build cover precisely — life, disability, critical illness, severe illness, income protection, all on one policy. Trade-off: maximising savings requires sustained Multiply engagement.
What is Momentum HealthReturns?+
HealthReturns is Momentum's cashback programme paid into a HealthSaver account — up to R3,000 cashback per family per month plus up to 4 free GP visits. Applies to medical aid members and feeds into the Multiply benefit calculation. Distinct from the medical scheme contribution itself.
Important
This article is for general information only and is not financial advice. Figures and rules change frequently — always verify with the official source before acting.