Momentum FundsAtWork offers a robust suite of insurance benefits designed to protect employees and their families throughout life's journey. Let's explore the key features of their insurance-only employee benefits package:
Life and Family Protection
Lump Sum Death Benefit**
Provides financial security for families, offering coverage up to 12 times the employee's annual salary.
Spouse's and Children's Pension Benefit**
Ensures ongoing support for dependents, with monthly payments of up to 100% of the deceased employee's salary.
Children's Education Benefit
Covers actual education costs from pre-primary through tertiary levels, including an additional allowance for related expenses.
Spouse's Death Benefit
Offers a lump sum payment to the employee upon the death of their spouse.
Funeral Benefit
Provides immediate financial assistance for funeral expenses for the employee and covered family members.
Disability Protection
Lump Sum Disability Benefit
Pays out a lump sum if an employee becomes totally and permanently disabled[1].
Income Disability Benefit
Provides ongoing monthly payments if an employee becomes disabled, with options for benefit escalation and additional features like:
- Cash assistance benefit
- Permanent income booster
- Daily life adaptor benefit
- Critical top-up benefit
- Point-to-point transport service
Temporary Income Disability
Offers short-term income protection during the initial stages of disability.
Critical Illness Coverage
Momentum's critical illness benefit covers a wide range of serious health conditions, with payment levels based on severity. The benefit includes both core and comprehensive illness lists, providing broad protection against life-altering medical events.
Value-Added Services
- Hello Doctor: 24/7 access to medical advice via phone, tablet, or computer.
- Smart Underwriting: Streamlined digital health questionnaire process.
- Smart Claims: Simplified death and funeral claims processing.
- Studymaster: Educational support for children of covered members.
- Employee Assistance Programme: Holistic wellbeing support for employees and their families.
- WhatsApp Service: Convenient access to benefit information and updates.
Employer Benefits
- Employer Portal: Real-time, web-based tool for managing employee benefits.
- Rehabilitation and Disability Case Management: Comprehensive support for employees returning to work.
Momentum FundsAtWork's insurance-only package offers a comprehensive suite of benefits designed to protect employees and their families against life's uncertainties. From life and disability coverage to critical illness protection and value-added services, this solution provides peace of mind and support throughout an employee's career journey.
Lebon Consulting is a proud distributor of the FundsAtWork product offered by Momentum Group.
Email us today at info@lebonconsulting.co.za for a customised quote of how your employees can benefit
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