NS
Nomvula S. Verified
Sandton, GP · 05 May 2026 · Life + Short-term + Multiply
Multiply cash-back is real
Between Multiply HealthReturns and Money-back I'm getting R1 850 a month back on R6 200 of total premiums. The bundle is where Momentum wins.
Editor score
4.5/5
Claims turnaround
72 hours
Avg premium
R710/pm
Pricing tier
Premium
Editor verdict
Momentum is at its strongest when life cover, investments and short-term insurance are bundled under one adviser. Standalone short-term pricing is mid-premium, but the Multiply rewards programme and integrated advice make the total package genuinely sticky.
Best for
- Households wanting one financial home
- Multiply members
- Advice-led customers
Not for
- Pure short-term shoppers
- Direct-to-consumer fans
Score breakdown
How Momentum scores, dimension by dimension
Overall
4.5
out of 5
Composite of 5 weighted criteria, refreshed quarterly.
Price competitiveness3.9/5
Claims experience4.6/5
Digital experience4.3/5
Coverage breadth4.8/5
Customer service4.6/5
Customer reviews4.3/5
Pros & cons
Pros
- Strong life and investment offering
- Multiply rewards programme
- Holistic advice
Cons
- Short-term insurance secondary focus
- Broker-led model
Products
Momentum product range
Life Cover
from R175/pmTerm, whole-of-life and disability — strong claims-paid history.
Investments
from R500/pmRetirement annuities, TFSAs and unit-trust portfolios.
Short-term
from R710/pmCar, home and personal lines via Momentum Short-term.
Health
from R1 690/pmMomentum Health and Health4Me primary care plans.
Discounts & rewards
What lowers your Momentum premium
Multiply Money-back
Up to 30% premium cash-back for active Multiply members.
Bundle discount
Discount when life, short-term and investments are combined.
HealthReturns
Cash-back for healthy living tracked via the Multiply app.
Adviser-channel discount
Negotiated discounts via the Momentum adviser network.
Customer reviews
What Momentum customers say
Rating
4 of 4 reviews
RM
Refilwe M. Verified
Pretoria, GP · 15 Apr 2026 · Life Cover
Life claim paid in 9 days
We lost my father in March. Documentation requirements were clear and the R1.4m payout cleared in 9 business days. Hard time made easier.
AV
André de V. Verified
Centurion, GP · 27 Apr 2026 · Investments
Excellent adviser, average app
My adviser is sharp and proactive. The client portal is functional but feels behind Allan Gray's. Investment performance and fees are competitive.
GT
Greg T. Verified
Durban, KZN · 01 Apr 2026 · Short-term
Short-term pricing isn't best in market
Solid cover but R140 more than King Price for the same car. Only worth it if you're already in the Multiply ecosystem.
Reviews are submitted by South African policyholders and verified against policy numbers. We never edit content.
FAQ
Momentum, answered
Company snapshot
Who is Momentum?
Momentum is a diversified financial services group offering life, investments, short-term insurance and Multiply rewards.
Founded
1966
Headquarters
Centurion, Pretoria
Parent group
Momentum Metropolitan Holdings (JSE: MTM)
Employees
16 000
FSP number
FSP 6406
Ombudsman
OLTI · OSTI
Support hours
Mon–Fri 08:00–17:00
Claims line
0860 117 999 (24/7)
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