On the Momentum website you can find out more about the company's structure and diverse range of products.
Momentum started out as a subsidiary of AVBOB in the decade of the 1960s.
This gives it a track record of over 40 years in South Africa, and it has grown
into one of the most mature, yet innovative, insurance companies in the country.
It hasn`t been a meteoric and public rise - in fact it`s been one of those quiet
success stories, which often result in a more reliable entity than one that
arrives in a blaze of glory. In recent years the company has increased its
public profile through corporate sponsorship, a lot of it in the highly visible
sports sponsorship arena, which is why its name has become more well-known. But
it did everything the right way - putting the horse before the cart, as it were,
by building a solid organisation and only then building a more apparent brand
Momentum primarily offers two sets of products - a short-term insurance line,
and a life and disability line. It`s short-term insurance focuses on simple and
effective products, without a whole lot of different configurations. One of the
company`s big strengths is that it offers tried and trusted solutions based on
simplicity and reliability. Yet it has innovation as a cornerstone of its
operations, so it also has the flexibility to tailor its products to meet
individual needs. Premiuns are also not set - they are adapted to your
particular risk profile. Service is another strong point and in our personal
experience, this is one of the insurance companies that communicates very well
with its clients.
On the short-term insurance side, there are personal insurance products and
commercial insurance products. On the personal side it offers vehicle cover that
stretches right across southern Africa. When you insure your vehicle with
Momentum, you can get cover that applies in South Africa, as well as Swaziland,
Lesotho and the surrounding countries (Malawi, Zimbabwe, Botswana, Namibia and
Mozambique). The cover can include trailers, caravans and watercraft as well.
Then there`s buildings cover, which covers the structures on your property, and
contents cover, for the belongings in your household. All risk cover can also be
taken for personal belongings. You can also get additional personal accident
On the commercial short-term insurance side, a lot of different types of
cover are provided. Broadly speaking, businesses can get customised cover in the
sectors of retail, professional services and service and repair industries. The
only sectors that are excluded are heavy industry and manufacturing. Typically,
the kinds of cover that are offered include buildings, vehicles, office
contents, electronic equipment, stock and all risk insurance. There are also
plenty of add-ons that can be acquired, like business interruption, liability,
accident, and employee dishonesty.
On the life and disability side there is a wide selection of risk cover
available, all within a single flexible policy. There are packages for
individual risk insurance and group cover.
- Personal short term insurance
Vehicle cover (motor vehicles, watercraft, trailers, caravans); building
cover; contents cover; all risks cover for possessions
- Commercial short term insurance
Retail, professional and service/repair sectors.
Vehicle insurance, buildings and office contents insurance, electronic
equipment insurance, stock and stock in transit insurance, all risk
Add-ons are money cover, employee dishonesty and liability, business
liability, and business interruption.
- Life and disability insurance
Personal insurance solutions: life cover, disability cover, critical
illness, living benefits, future insurability cover, premium protection
Group insurance solutions schemes.
BEE AND CSI INFORMATION
Like all large companies in South Africa, Momentum has an active and
compliant BEE policy. It also has a powerful CSI programme that has a number of
different facets to it. There`s the Momentum foundation, which focuses on care,
prevention and education in the area of disability, and community HIV/AIDS
The company is also part of the FirstRand Foundation, which is a corporate
investment foundation that supports a large number of charitable organisations.
Then there`s the Momentum Volunteer Programme where staff are encouraged to
become personally involved in causes that are important to them. There are a
number of staff-driven initiatives, and Momentum operates a one-for-one funding
programme, where it matches money that is collected or donated.
Client Contact Centre: 0860 66 98 76
Fax: (012) 675 3911
Momentum Contact Centre
PO Box 7400
Head Office Address:
268 West Avenue