Momentum responds to declined life insurance payout debacle

Momentum has declined to settle a 2.4 million rand payout to the widow of murdered Nathan Ganas. He was gunned down in a hijacking last year. Courtesy #DStv403

CAPE TOWN - Momentum Investment CEO Jeanette Marais says the insurer is working hand-in-hand with the family of a murdered man in order to reach an amicable agreement.

The company received backlash after it declined to settle a R2.4-million payout to the widow of Nathan Ganas.

He was gunned down in a hijacking last year.

Momentum claims Ganas failed to declare he had been diagnosed with high blood sugar levels.

Marais said clients usually get their premiums back in these instances.

Source
eNCA