Momentum Active Dayz

[Long Wheel Base]

I see the points for having cover were loaded this weekend. 981 points as of today. My wife is doing her fitness test next week but mine is only due November. I need to start doing it every 11 months so I can do it early in the year and get the points early.

[Jackes]

Momentum and Multiply are really struggling this year....  😡

[Long Wheel Base]

51 minutes ago, Jackes said:

Momentum and Multiply are really struggling this year....  😡

What's up? Anything I can try assist with? 

[Jackes]

2 hours ago, Long Wheel Base said:

What's up? Anything I can try assist with? 

If you are a programmer and can assist them yes.

 

Their weekly wins and monthly wins is still a mess.   It does not pull through correctly and does not issue the treats sometimes.  

Safe dayz decides when it works and when not. 

And to top it all their systems screwed up our fitness discounts end of January and did us in with 10% on 3 life insurance and income protection policies premiums. 

 

 

[Long Wheel Base]

25 minutes ago, Jackes said:

If you are a programmer and can assist them yes.

 

Their weekly wins and monthly wins is still a mess.   It does not pull through correctly and does not issue the treats sometimes.  

Safe dayz decides when it works and when not. 

And to top it all their systems screwed up our fitness discounts end of January and did us in with 10% on 3 life insurance and income protection policies premiums. 

 

 

Do you have a momentum broker? We have a lady in our office that is a multiply specialist and all she deals with is assisting us planners with clients that have multiply queries. So if you have a broker, chat to them. If you dealing with the call centre, get a broker😉. 

With regards to the safe dayz, that could be your phone. There is an option to send a query from your phone with the details to IT. If you have done that, did they find a problem? 

[Jackes]

So unless I miss something big,  another year, another opportunity to screw us more....

Max discount on life insurance drops from 60% to 40%.  

In short, although the long-term protected discount is somewhat lower compared to that attainable on the 2022 Multiply Premier discount grid, it will be available without you having to fulfil the standard Multiply discount requirements

[boink]

46 minutes ago, Jackes said:

So unless I miss something big,  another year, another opportunity to screw us more....

Max discount on life insurance drops from 60% to 40%.  

In short, although the long-term protected discount is somewhat lower compared to that attainable on the 2022 Multiply Premier discount grid, it will be available without you having to fulfil the standard Multiply discount requirements

Morning, where are you seeing this detail please? I have heard that the points system is getting an "over haul" but not sure where to go to find out what hoops I need to jump through for 2023.

The Myraid discounts are the main benefit from where I am sitting.

Thanks

[Jackes]

7 minutes ago, boink said:

Morning, where are you seeing this detail please? I have heard that the points system is getting an "over haul" but not sure where to go to find out what hoops I need to jump through for 2023.

The Myraid discounts are the main benefit from where I am sitting.

Thanks

Myriad is (was) the biggest draw for me as well.  What is left of the advantages at least.  

They send an email.

I attach the one file, the other is too big, 7mb

2023 Long-term_protected_discount_client_communication_V2.pdf

[Dusty]

As I read the email, it is from 2024 unless they have made a typo???

[boink]

13 minutes ago, Jackes said:

Myriad is (was) the biggest draw for me as well.  What is left of the advantages at least.  

They send an email.

I attach the one file, the other is too big, 7mb

2023 Long-term_protected_discount_client_communication_V2.pdf 742.45 kB · 1 download

Thanks for sharing, not sure why this has not come my way yet. Thus bit: "most people can't be bothered with healthy heart etc." so we drop benefits for the ones who can be! Not great...

[Jackes]

8 minutes ago, boink said:

Thus bit: "most people can't be bothered with healthy heart etc." so we drop benefits for the ones who can be! Not great...

Exactly....

[Jackes]

In short, although the long-term protected discount is somewhat lower compared to that attainable on the 2022 Multiply Premier discount grid, it will be available without you having to fulfil the standard Multiply discount requirements such as paying membership fees, doing annual health and fitness activities and acquiring active days. This will effectively provide you with long-term premium certainty, for less cost and effort.

 

Less cost and effort you say, but you still have to do the fitness assessment for starters to be able to qualify for the lovely 40%:

• Tier 3: You need to have done a fitness assessment with a MaxFit result in 2021, 2022 and 2023.

 

I fail to see the less cost and effort, but I clearly spot the 20% more in premiums! 

[Wil6]

Yeah the new 2024 system will have a negative affect on my decision to stay with Multiply. I will only be able to hit tier 2, so my premium will fall from 60% in 2023 to 35% in 2024

[Long Wheel Base]

On 11/21/2022 at 12:49 PM, Wil6 said:

Yeah the new 2024 system will have a negative affect on my decision to stay with Multiply. I will only be able to hit tier 2, so my premium will fall from 60% in 2023 to 35% in 2024

It doesn’t drop straight away. It drops 5% in 2024 and then 2.5% each year until you reach your new discount.
for info, the discount replacement called life returns max discount will be 35%.

[Jackes]

So R250 per R1,000 premium worse off then.  This will cost me a heck of a lot in life insurance premiums!  You get 5% discount if you have a regular debit order in place, that is more important than being fit and healthy right. 

Problem is I don't think there is better opposition, but Momentum has really cut the advantages thinner and thinner each year. 

 

Edited November 24, 2022 by Jackes

[BrettS]

20 minutes ago, Jackes said:

So R250 per R1,000 premium worse off then.  This will cost me a heck of a lot in life insurance premiums!  You get 5% discount if you have a regular debit order in place, that is more important than being fit and healthy right. 

Problem is I don't think there is better opposition, but Momentum has really cut the advantages thinner and thinner each year. 

 

Sorry to jump right in here... and it may have been said already

I too am going to miss the massive 60% discounts on all the policies. From what I have been told is that the big companies (Momentum, Discovery, FNB, + more) that offer these discounts and benefits for being a member (discounted flights, vouchers and really incredible benefits) have been forced to change there structures as it is unfair for them to offer these benefits when the smaller companies cannot.

As much as it sucks it looks like most of these benefit schemes are going to be changing to fall in line with the new rules.