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Critical Illness Cover

Protect Your Greatest Asset – Your Ability to Earn.

Why Get critical illness Cover?

Get financial cover for both in- and out-of-hospital expenses if you are diagnosed with a critical illness. With Momentum, breadth of cover is standard. Our Complete range provides extensive protection across a comprehensive set of claim events, from minor to severe.

We automatically include claim events covered by any competitor, ensuring unmatched peace of mind. With Momentum, you always receive the best coverage, continuously updated with new claim events as they arise. No other competitor can match this level of assurance.

What is critical illness cover?

Critical illness cover, also known as dread disease cover, helps pay for additional medical expenses and lifestyle adjustments.

Surviving a critical illness isn’t easy, but with the right cover, you can focus on recovery – instead of the medical bills. Critical illness cover offers financial protection against illnesses such as heart attack, cancer, stroke, Alzheimer’s and Parkinson’s. It also covers injuries from accidents such as paraplegia, major burns, and brain damage.

This cover pays out a lump sum amount that you can use to pay for additional medical expenses and lifestyle adjustments.

Do I need critical illness cover if I have medical aid?

Consider how you will pay for extra costs not covered by your medical aid.

Advances in medical care mean that people can now survive illnesses once thought to be fatal. Although many people lead relatively normal lives after suffering a critical illness event, you may require financial assistance to cover any lifestyle changes or extra costs not covered by your medical aid.

Medical aid schemes provide decent cover while you’re in the hospital. The problem starts with your out-of-hospital expenses and chronic medication and typically medical aids don’t cover cutting-edge experimental treatments. Heart diseases, stroke, and cancer may leave you with a huge financial burden, even if you’re on a relatively good medical aid.

How much critical illness cover do I need?

Generally, you should get the most cover you can afford.

Because the financial impact of a critical illness will vary from person to person, there is no scientific way to determine the benefit amount of a critical illness benefit. You should get the most cover you can afford. By adding Longevity Protector™ – critical illness benefit to your critical illness cover you can ensure that your cover will never run out, no matter how long you live with a critical illness.

Why choose Momentum for your critical illness cover?

Personalised disability cover premium discount of up to 35% with LifeReturns®.

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Breadth of Cover Guarantee™

Momentum’s Breadth of Cover Guarantee™ ensures your clients have the most comprehensive coverage available. We automatically include claim events covered by any competitor, providing unmatched peace of mind. Our Complete range offers extensive protection for all claim events, from minor to severe, ensuring your clients always receive the best coverage, updated with new claim events as they arise. No other competitor can match this level of assurance.

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Breadth of Cover Guarantee™ Success Story for an early claim pay-out (Ulcerative Colitis)

Momentum received a claim for Ulcerative Colitis, a painful condition caused by inflammation in the colon. While we offer a 100% payout for advanced stages of this condition, we do not typically provide payouts at earlier stages. However, one of our competitors offers a 25% payout for early-stage diagnoses but no additional payments if the condition worsens. To match this, we paid 20% under our Breadth of Cover Guarantee™. Additionally, we will pay the remaining 80% if the condition progresses to meet our advanced stage criteria. The competitor, however, will not make any further payments.

This example demonstrates our commitment to ensuring comprehensive and fair coverage, even when competitors pay out earlier. With Momentum, you are assured of continued support as your condition evolves.

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Breadth of Cover Guarantee™ Success Story for a New definition claim pay-out (Amyloidosis)

Momentum received two separate claims for Amyloidosis, a disease caused by the build-up of Amyloid in the organs. One claim was for Amyloidosis of the skin, and the other for Cardiac Amyloidosis. Although these are rare conditions and not included in our standard critical illness definitions, they still pose significant health risks. Some competitors cover Amyloidosis for specific organs at varying percentages ranging from 5% to 25%. One competitor pays 25% for Amyloidosis of any organ. To match this, we paid 20% for both claims under our Breadth of Cover Guarantee™ category.

This example highlights our commitment to comprehensive coverage, ensuring that even rare conditions receive fair support. With Momentum, you can have peace of mind knowing that you are covered, no matter how unique your situation.

Beyond the Big 4

While the Big 4 critical illnesses account for 70% of claims, it’s essential to cover the remaining 30% as well. Momentum’s critical illness cover goes beyond the Big 4 to include less common but equally impactful events. Our coverage adapts to medical advancements, protects against outliving your capital, and includes early-stage cancers. This ensures comprehensive financial and lifestyle protection.

Comprehensive Catch-All Benefit Category

Momentum’s critical illness cover includes a unique Catch-All Benefit Category, ensuring you’re protected even when an illness doesn’t fit into a specific category. This benefit provides a payout for “whole body” impairments, covering situations where multiple body systems are affected. With this comprehensive protection, you can have peace of mind knowing that you’re supported financially, no matter how complex your medical condition.

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Catch-All Category Success Story

Momentum received a claim from a 68-year-old woman suffering from cerebral atrophy, a condition where neurons in the cerebellum deteriorate and die, confirmed by an MRI. She experienced balance issues, and her condition rapidly worsened over two years. There was no specific claim definition for cerebral atrophy under our critical illness categories. However, a medical doctor assessed her condition and calculated a whole person impairment (WPI) of 58%. Since this exceeded the 35% WPI criteria for our catch-all benefit category, we made a 100% claim payout to her.

This example highlights our commitment to providing comprehensive coverage, even for conditions that don't fit standard definitions. With Momentum's catch-all category, you can rest assured that you are covered, no matter how unique your situation.

Our Early Cancer Category

Our Early Cancer Category covers the costly treatment of early-detected cancers, significantly increasing the chances of successful treatment thanks to medical advancements.

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Early Cancer Category Success Story

Momentum received a claim from a 43-year-old woman diagnosed with a high-grade Cervical Intraepithelial Neoplasia 3 (CIN3) lesion during a routine check-up. While a CIN3 cervical lesion is a pre-cancer condition, about 30% of these cases can progress to cancer if untreated. After undergoing a hysterectomy, we paid 15% of her cover amount under the early cancer category, which was automatically included in her policy. She has since made a full recovery.

This example showcases our commitment to providing financial support for early-detected cancers, ensuring you get the treatment you need promptly and effectively.

Unsurpassed Critical Illness Cover for Your Children

At Momentum, we understand the increasing risk of critical illnesses among children. That’s why we provide comprehensive coverage to protect your children’s health and well-being.

Automatic Coverage: Your children are automatically included in all our critical illness benefits.

Comprehensive Protection: They are covered for all the conditions you are, plus additional child-specific events, with our Breadth of Cover Guarantee™.

Lifetime Coverage: Coverage starts from birth, with no limit on the number of children.

Unlimited Claims: There is no limit to unrelated claims, and a child’s claim does not reduce your cover amount or that of siblings.

Double Coverage: Children are covered under both parents’ policies, potentially doubling their cover amount.

With Momentum, you can have peace of mind knowing your children are fully protected, no matter what.

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Breadth of Cover™ Success Story Critical illness cover for children (Prader-Willi syndrome)

Momentum received a claim for a child diagnosed with Prader-Willi syndrome, a rare genetic disorder caused by the absence of normally active genetic material on the paternal chromosome 15. The child exhibited symptoms from birth. While this rare condition is not covered under our standard or child-specific critical illness definitions, we paid 20% of the child’s cover amount under our Breadth of Cover Guarantee™ category. This decision was made because a competitor had a general definition that allowed us to assess the claim.

This example underscores our dedication to providing comprehensive coverage for children, ensuring support even for rare and unique conditions. With Momentum, you can trust that your child's health and well-being are our top priorities.

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Comprehensive Coverage for Children: Congenital Anomaly Repairs

Momentum received five claims for congenital anomaly repairs in 2018, including a notable case of a two-month-old baby requiring a kidney repair.
Few insurers offer coverage for children from birth, but these claims underscore the critical importance of having such protection from the very beginning. Momentum ensures that your child is covered for congenital anomalies and other critical conditions, providing peace of mind for you and your family.

Unique Longevity Benefit with Momentum

With advances in medical technology, people are living longer even after experiencing a critical illness. However, the associated long-term expenses can be daunting, especially when planning for retirement. Our unique longevity benefit ensures financial support throughout your extended life. Here’s how it works:

Ongoing Support: After the initial payout, you receive additional longevity payouts every five years on qualifying claims.

Longevity Enhancer Payout: If you haven’t made a claim by age 80, we reward you with a Longevity Enhancer payout equal to 20% of your critical illness benefit amount, without reducing your critical illness cover.

With Momentum, you can face the future with confidence, knowing you have the financial support you need for a longer, healthier life.

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Longevity Protector™ Success Story: Bone Cancer

In 2011, Momentum received a claim from a male client diagnosed with bone cancer. We paid 100% of his cover amount for this claim. Additionally, this client qualified for our Longevity Protector™ payouts, designed to provide ongoing financial support.
In 2016, he received the first of his additional five-yearly longevity payouts. These payouts will increase over time, as each 10% payout is based on the cover amount at each payout interval. This client wisely chose annual cover growth on his critical illness benefit, ensuring that his support grows alongside his needs.

Momentum's Longevity Protector™ offers sustained financial stability, recognising the enduring journey of critical illness recovery.

Our Cover Options

Find the right life insurance cover option for your specific needs. Our range of life insurance solutions offer choice and flexibility to suit your current life stage.