Covid claims propel Momentum Retail Life Insurance’s record R8.97bn payout
Covid-19 accounted for 42% of death claims in 2021, followed by cardiovascular claims at 20%
29 May 2022 - 16:37
Momentum Retail Life Insurance paid out a record R8.97bn in claims in 2021 as its clients succumbed to the Covid-19 pandemic. This was a 66% increase in claims compared with 2020.
Covid-19 accounted for 42% of death claims in 2021, followed by cardiovascular claims at 20% and cancer at 17% of total claims, the unit of the Momentum Metropolitan said on Friday in a statement...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.