Financial adviser guideline: Requirements and criteria for international and local students
| Criteria | International students | Local students |
| Waiting periods | Yes - Female students, if student is pregnant at time of joining or renewing membership (refer to terms and conditions) | Yes - full underwriting, same as for individual members |
| Compulsory requirements | Proof of full-time studies Proof of payment (upfront for a minimum of 6 months) Copy of passport Completed application form | Proof of full-time studies Copy of ID for member Copy of ID / passport for contribution payer (if different to principal member) Completed application form |
| Level of studies | Scholar Undergraduate student Post graduate student - only if main member holds a valid study visa | Scholars are processed as individual members Undergraduate students are processed as local students Post graduate students are required to complete a verification form Part-time students and individuals studying online are required to complete a verification form |
| Method of payment | Upfront only, no collection via debit order Minimum membership of 6 months (it remains the student’s responsibility to verify the minimum period of cover required by their academic institution) | Monthly debit order Only third-party scholarship students pay upfront via sponsor |
| Contributions | R699 for Ingwe Option members earning less than R1 600 per month Membership is activated upon receipt of contribution for a minimum of 6 months of cover | R699 for Ingwe Option members earning less than R1 600 per month Contributions paid monthly in advance via debit order |
| Renewal of membership | Yes, provided a completed international student renewal form is submitted with valid proof of studies / copy of study visa | Local students need to submit proof of full-time studies by the end of February each year |
| Adding dependants | Proof of full-time studies / copy of study visa Declaration of income confirming that they earn less than R1 600 per month | Proof of full-time studies Declaration of income confirming that they earn less than R1 600 per month |
Disclaimer: +Momentum Medical Scheme members may choose to make use of additional products available from Momentum Group Limited and its subsidiaries as well as Momentum Multiply (herein collectively referred to as Momentum). Momentum is not a medical scheme and is a separate entity to Momentum Medical Scheme. Momentum products are not medical scheme benefits. You may be a member of Momentum Medical Scheme without taking any of the products offered by Momentum.