CS
Christo S

1 reviews | Active since Nov 2013

01 Sept 2025, 08:20

Momentum in arrears on policy ***

On ***4 I made a premium payment via EFT to ***. Soon afterwards I was told the policy would not be reinstated. I requested a refund until such time as I have met all requirements—nothing out of the ordinary, I imagine. The call centre operator requested that I send proof of payment, proof of banking, and my ID to process the refund. Onerous, but I supp**** these immediately after the call. In a subsequent call, I was told Momentum would also need a copy of my bank statement to verify the source of funds, even though the same account has funded this policy for roughly the past 10 years.

Now: I find your request for documentation to be beyond what could reasonably be required—tantamount to stonewalling my request. If this is the difficulty I face in obtaining a straightforward refund, I dread to think what would happen in the event of a claim—so much so that I have cancelled the policy.

Note that it is now ***0, and I have yet to hear back from Momentum.

Please confirm in writing that my refund is being processed and provide a reference number and ETA

0
Replies (3)
Momentum (SA)
Momentum (SA)'s reply01 Sept 2025, 08:35
Official
Dear Christo,

Thank you for bringing your concerns to our attention.

The matter has been escalated to the Myriad management team for assistance and feedback.

Kind regards
NH
Momentum (SA)
Momentum (SA)'s reply02 Sept 2025, 12:05
Official
Dear Christo,

Confirmation has been received that the refund was processed and should be available within 48 hours.

Kind regards
NH 
CS
Christo S's update02 Sept 2025, 16:55
Reviewer Update
Thank you, much appreciated.