Metropolitan Life Insurance

Metropolitan life insurance, one of South Africa’s longest-serving insurers and amongst the 3 largest insurance providers in the country itself.

Metropolitan offers tailor-made services to help clients become financially literate, with their goal to help spread financial literacy in emerging markets such as South Africa. Their products range from life insurance to financial planning for the future.

Their mission remains dedicated to helping South Africans (and other emerging markets like Kenya, Ghana, Namibia, etc.) have an abundance of financial freedom throughout any situation in their life.

With life cover starting from as little as R120 per month, to receive a payout of up to R1,000,000, it is affordable for any household that would like to ensure that their families’ well-being is taken care of.

Life Cover for everyone

Family structure and hierarchies differ in any household, whether it’s a one-parent household, two, or those with no beneficiaries. But in each use case life insurance of any kind can give any individual more breathing room to make a living for themselves and those around them.

Usually, the head of the household and primary earner would be the one to take out a life insurance policy. This is to ensure that in the case of an accident, disease, job loss, or global circumstances the household can be taken care of financially both in the present and in the future for any needs that a life insurance policy can cover.

Metropolitan life offers a multitude of insurance quotes that range from full cover, accidental, medical, and also for retirement when one can no longer work, as Metropolitan will be able to ensure financial growth and help anyone who takes out cover make better financial decisions for the future.

Metropolitan offers two main types of cover that start with either no medical tests involved with the benefit of receiving up to R1,000,000 life cover at a small premium cost of R120pm.

This simple life insurance covers you until the age of 60 and can assist your family with the small issues that surround us all, from inflation of goods and services to critical illnesses. This option that includes not having to do any medical tests has a second type of coverage that covers you for life and does not end at the age of 60 but rather at 85, or you can choose to end it early on at 65, with that being one of the smaller differences.

The Life cover plan

Metropolitan offers which include medical tests are amongst the more rounded options. The 3 options available give life insurance that covers all causes, be this leaving behind money to protect your family and its financial future, health insurance to cover for critical illness or any disability.

Metropolitan’s life insurance can also be used for the short term. The payout will differ, and your monthly payments will too, the plans will still be able to cover a broad spectrum of needs that everyone looks for when paying for life cover.

Critical illness cover

This health insurance falls under both an add-on benefit to the Life Cover Plan and as a separate health cover all on its own. With the insurance being able to cover 4 of the major critical illnesses and a more comprehensive plan that includes 12 others.

This plan is available for anyone aged 14 to 65 and medical tests are required to be able to give the best possible monthly payments for you. Momentum does offer more in-depth coverage from Healthcare plans that cover you and your family while you’re in the hospital, with the benefit of daily payments to pay for bills or make sure that the children are taken care of at home.