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A smiling employee wearing sunglasses relaxing outdoors, representing peace of mind with group insurance coverage A smiling employee wearing sunglasses relaxing outdoors, representing peace of mind with group insurance coverage

Group Insurance

Our Group Insurance is one of South Africa’s leading providers of insurance solutions – a position built on the strength of our data-driven insights, pricing expertise and sound risk management.

Through our focus on product development, client service excellence and the integration of digital self-service tools, we continue to evolve our offering to meet the changing needs of our clients.

  • Help your employees have peace of mind and be financially prepared.
  • Protect employees’ families from financial burden..

Group Insurance resources

What we offer

  • Partnership with one of South Africa's leading insurance providers
  • Return to work programmes and support
  • Supporting financial wellbeing

Our Group Insurance benefits

Our Group Insurance solutions financially protect employees and their families in the event of death, disability or being diagnosed with a critical illness.

Death benefit

When an employee or family member passes away, loved ones may face funeral costs, debt, and daily expenses while grieving. Our death benefits provide financial protection during this difficult time.

Disability benefits

We provide financial stability to employees and their families, by paying monthly or lump sum benefits when they are no longer able to work because of their disability.

Critical illness benefits

We provide a lump sum payout to help employees manage the financial impact of a critical illness, aimed at covering extra expenses and necessary lifestyle adjustments.

Funeral benefit

We provide a lump sum payment to help employees and their families cover funeral and related costs, offering financial relief and support during a difficult time.

Member value-added services

Studymaster

Members who have the children’s education benefit have access to Studymaster. It allows members to help their children thrive, from their first day of school to final exams.

Members can give their children access to thousands of high-quality academic resources, including summaries, practice tests, and project assistance. The service continues even if the member passes away.

Employee Assistance Programme

The Employee Assistance is available to Group Insurance members at no additional cost because we care about their journey to success. It aims to improve the physical, financial, and emotional wellbeing of the member and their family (spouse and children).




Hello Doctor

Members get expert medical advice 24/7 from a qualified doctor, anytime, anywhere in South Africa, if we have their details. Whether it’s a sudden concern or a quick question, they can talk to a doctor on their phone.

Members have access to Hello Doctor if their employer submits their monthly data through the employer data.

Wellness Care Centre

The Wellness Care Centre provides support to members when they become ill or disabled. With its own medical, forensic, legal, and technical capability, the Wellness Care Centre gives disability claimants access to a personal disability case manager who deals with them throughout their journey.

Funeral assistance service

When a loved one passes away, the funeral arrangements and administration can be stressful and overwhelming for the family left behind. In times like these the funeral assistance service provides the bereaved family with invaluable guidance and support.

Choice of digital engagement channels

Smart Solutions

  • Smart Underwriting digitises the underwriting process in a fully secure and private space. It is a verifiable technology-based solution.
  • vSmart Solutions use intuitive digital tools to simplify and enhance the employee benefits experience. These solutions reduce your admin while giving your employees greater control, flexibility, and financial confidence.
  • Smart Claims simplifies death and funeral claims at a time when members or their families are emotionally vulnerable and value simplicity and speed.

Digital platforms

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
















Smart Benefit Statement

The Smart Benefit Statement allows members to easily access their benefits, update their contact details and beneficiary nominations conveniently from their mobile phone, tablet or laptop.















Want to know more?

Employees will not be able to opt in or opt out.
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.
Employees cannot keep their Group Insurance Benefits when they leave your employment but can convert them to an individual policy with Momentum Myriad. Members can only do this if you have chosen the conversion option.
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.

Need advice?

Get one of our financial
advisers to call you back.

Other Momentum Corporate employee benefits

Structured Investments and Annuities

We focus on supporting employers, trustees and retirement funds with pre- and post-retirement solutions covering investment and annuity solutions

Dragonfly

A next-generation, technology-driven benefits platform that makes it easy for employers and members to access, buy, and manage their benefits.

Momentum Retirement Administrators

We partner with funds, trustees, and employers to deliver tailored and efficient retirement administration.

Momentum Consultants and Actuaries

As a trusted partner, we work closely with employers, funds, and institutions to create a flexible advice roadmap tailored to their pressures, goals, and needs.

Member Solutions

We educate and empower retirement fund members with tailored solutions.


FundsAtWork

Our award-winning FundsAtWork Umbrella Funds are a trusted choice for South Africa’s workforce. They offer comprehensive retirement, group insurance solutions and value-added services.

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