New Articles

  1. Do the discount factors make provision for older ages?

    Created On: 17/04/2023 in The factors determining my discount
    The discount model does not change at older ages, but age is allowed for inherently in the fitness component since the fitness requirement will vary by age. Optimal blood pressure is deemed to be appropriate irrespective of age and medical aid membe...

  2. How do I inform Myriad of improved discount factor results?

    Created On: 17/04/2023 in The factors determining my discount
    The only way Myriad can record improved results is through the digital screening process. Clients can provide results by completing the annual compulsory reassessment digital in-app screening or voluntary digital screening (at a fee determined from...

  3. What is the maximum discount that can be lost in a single year?

    Created On: 17/04/2023 in The factors determining my discount
    The absolute maximum discount that could be lost in a worst-case scenario, is 10 percentage points in a single year. This considers a scenario where a client loses 5 percentage points due to not completing a reassessment or having poorer result...

  4. How does the LifeReturns® Reassessment Protector work?

    Created On: 17/04/2023 in Reassessment process
    The LifeReturns® Reassessment Protector firstly limits the impact of annual discount reductions (either because clients have poorer digital screening results* or did not complete the compulsory annual reassessment digital screening). In both cases, ...

  5. If one of my rating factors improve, what would cause my discount not to increase?

    Created On: 17/04/2023 in The factors determining my discount
    It is important to remember that we will always use the full set of screening results, and we will not only update one improved factor to get a higher discount. This means that the LifeReturns® discounts may not change after an improvement in one ra...

  6. What could cause my discount to reduce?

    Created On: 17/04/2023 in The factors determining my discount
    The discount could reduce because of the following: After the initial digital screening, it is possible for the discount to reduce following the BMI validation by a nurse, i.e., if the nurse validated BMI is different from the one declared by the ...

  7. How long is my discount valid for?

    Created On: 17/04/2023 in The factors determining my discount
    Irrespective of when in the year your cover starts, your discount will be valid until the end of the reassessment period of the following year, plus one year, unless new information becomes available that invalidates the data on which this LifeRetur...

  8. Where can I view all discounts that apply to my policy?

    Created On: 17/04/2023 in The factors determining my discount
    The discount will be shown on the smartphone used for the digital screening and indicated on the LifeReturns® offer that comes with the quote. Once the policy is in force, clients can view the discount(s) on their Momentum App or by logging on to th...

  9. Where can I view the discount that I qualify for?

    Created On: 17/04/2023 in The factors determining my discount
    The discount will be shown on the smartphone used for the digital screening and indicated on the LifeReturns® offer that comes with the quote,  and on the clients momentum profile on momentum.co.za

  10. How is the discount for my Funeral Benefit calculated?

    Created On: 17/04/2023 in The factors determining my discount
    The main life (principal member) needs to complete the digital screening and will receive the corresponding discounts on their Funeral Benefit. If the spouse of a life is added to a Funeral Benefit, the spouse will be required to complete the screen...
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