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We will reward clients upfront with a monthly discount of 5% on their premium if they pay their premiums regularly via a debit order and perform a digital LifeReturns® screening. When clients take out a Myriad policy and perform a digital LifeReturn...
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We will allocate a LifeReturns® discount percentage based on the fitness level achieved. Level 3 or higher is required to qualify for a LifeReturns® physical fitness discount as shown in the below table: Physical fitness level Description ...
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Fitness level will be determined through the digital screening process. The digital screening’s aim is to measure cardiovascular fitness, and the exact nature of the test differs depending on whether it is the initial screening, or whether it is ...
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Any registered medical aid is acceptable. However, this excludes medical insurance products, e.g., hospital cash plans and gap cover.
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Last Updated: 19/04/2023
in Reassessment process The results from the discount factors we screen for change more frequently compared to factors like gender, age, occupation, etc which we use to determine the contractual premium, and thus must be checked regularly. This also allows clients to enjoy...
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Clients will not lose the discount if there is a valid and acceptable reason by Momentum for missing the debit order, e.g., if it was their bank’s error or Momentum’s error. If clients forget to mention a change in debit order account, they will not...
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We use the home affairs data to validate that it is the correct insured life who is doing the screening. This will happen automatically in the background for most clients, while others may be requested to scan their Green barcoded ID book, ID...
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Scenario #1 If clients screen and receive a discount before underwriting accepts the policy, their first premium will be the discounted premium. Scenario #2 If clients screen and receive a discount after underwriting has accepted the ca...
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The purpose of the identity check and verification during screening is not to check client FICA details, it is for Myriad to make sure that the correct individual is doing the screening. This includes liveness checks throughout the entire screening ...
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Yes, a client can select not to complete the active fitness assessment component. Although skipping the fitness assessment will impact the associated fitness discount, the impact will be limited by the protection offered by the LifeReturns® Reassess...