New claims data reveals a significant protection gap among South Africans, with many insured against death but lacking cover for critical illnesses, disability and loss of income.
South Africans are increasingly facing the financial consequences of surviving serious illnesses rather than dying from them, yet many remain underinsured against these risks, according to new claims data released by Momentum Life Insurance.
The insurer paid out R6.88 billion in claims during 2025, bringing its total claims paid to more than R84.8 billion to date.
Behind those figures are thousands of families, individuals and businesses who relied on financial protection during some of life's most challenging circumstances.
"Behind every claim is a promise honoured," said Joretha Bothma, Head of Product Development, Underwriting and Claims at Momentum Life Insurance.
