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.