Death claims nearly tripled for Momentum Metropolitan

 

Life insurer Momentum Metropolitan has paid out R3.9-bn in death claims in the first quarter, nearly three times higher than it had initially expected, signalling the severity of the second wave of Covid-19 infections, reported Business Day (25 May 2021).

The average amount of claims in the three months to end-March was nearly triple the three-year pre-pandemic average for Momentum Life and Momentum Corporate.

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