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Momentum Group Limited engages in long and short-term insurance, asset management, savings, investment and employee benefits through its various brands. The Group has subsidiaries in Botswana, Ghana, Gibraltar, Guernsey, Kenya, Lesotho, Mauritius, Namibia, Nigeria, UK, South Africa and Zambia. [2]
In terms of section 1 of the Long-term Insurance Act, “long-term policy” means an assistance policy, a disability policy, a fund policy, a health policy, a life policy or a sinking fund policy, or a contract comprising a combination of any of those policies. It also includes a contract whereby any such contract is varied.
Final expense life insurance, sometimes referred to as guaranteed issue, guaranteed acceptance, funeral or burial insurance, is a type of whole life insurance designed to cover end-of-life ...
Pre-need life insurance policies are limited-premium whole life policies that are usually purchased by older applicants, though they are available to everyone. This type of insurance is designed to cover specific funeral expenses that the applicant has designated in a contract with a funeral home .
The policy’s death benefit is then assigned to a funeral provider, who gets paid first, before anything goes to your heirs. Funeral Insurance These pre-need insurance policies are designed ...
Funeral Services Group – Gaborone, Botswana – 37.59% Shareholding – This is a funeral services provider. The company, through its subsidiaries in Botswana, South Africa, Zambia and Zimbabwe, engages in the manufacturing and retail of coffins and caskets, provision of funeral related services and provision of funeral insurance. [6]
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MiWay Insurance is the first South African-based direct insurance company to offer the purchase and administration of short-term insurance policies online. [1] MiWay was launched in 2008 as an initiative between Santam , Sanlam and PSG.
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