Discovery Income Protection

Discovery is a South African insurer that offers a range of insurance products, including income protection, life, disability, and critical illness coverage.

Value-added benefits that work for you

When you choose an insurer, one of the things that you need to consider is the value-added benefits they offer. Discovery prides itself in offering you more value for your money with access to its Vitality program, which offers rewards and discounts for healthy lifestyle choices, a range of comprehensive covers for a variety of life events, from illness to death, the luxury of personalising your cover based on your unique needs and circumstances, and transparent pricing with no hidden fees.

A history of innovation

Discovery was founded in 1992 by Adrian Gore, to create a new kind of insurance company that rewards you for living a healthy life. The company quickly gained a reputation for innovation, launching its Vitality program in 1997, which offered incentives for healthy lifestyle choices like exercise, healthy eating, and quitting smoking.

Comprehensive cover for life's unexpected events

Their life cover includes a lump sum payment in the event of death, while their disability cover offers financial support if you’re unable to work due to injury or illness. They also offer critical illness cover, which provides a lump sum payment if you’re diagnosed with a serious illness.

Discovery also offers investment and savings products, as well as retirement planning services. Their integrated approach to financial planning allows you to take a holistic view of your financial health, to provide long-term financial security.

Customer service that goes above and beyond

They proudly offer a range of digital tools and resources to help you manage your policies and claims, including an online portal and mobile app. This commitment to customer service has helped make Discovery one of the most trusted insurers in South Africa.

A focus on corporate social investment

Their flagship CSI program, the Discovery Foundation, supports healthcare professionals and researchers in South Africa, with a focus on developing the skills and knowledge needed to address the country's healthcare challenges.

Discover more with Discovery

One of the most exciting things about Discovery is that they’re constantly evolving and innovating. Whether you’re looking for insurance, investment, or retirement planning services, or simply want to live a healthier life, Discovery has something to offer. They’re a company that’s truly making a difference in the world.

Discovery offers an income continuation benefit to protect your income and financial security in case you’re unable to work due to illness or disability.

How your monthly payout is determined

The monthly payout is determined based on the percentage of your insured salary, the severity of the condition, and its impact on your ability to work. Temporary disability can provide up to 100% of your after-tax income for a maximum of two years.

In the case of permanent disability, the benefit amount is upgraded to 100% of after-tax income until the selected benefit expiry age. If less than 40% of your income is insured, the benefit is automatically upgraded to 2.5 times the insured amount.

Start saving for your retirement by staying healthy

Discovery also offers you the opportunity to convert health and wellness management through its Vitality program into an additional financial asset for retirement. A fund is established at the start of the income continuation benefit, and additional contributions are made annually based on a percentage of your insured amount.

This fund grows based on the selected annual benefit increase and takes into account health and wellness management through Vitality and health claims on the Discovery Health plan. The accumulated fund is paid out in 10 equal instalments starting at age 65, providing additional income during retirement.

Get whole-of-life cover with Discovery

The income continuation benefit from Discovery Life provides comprehensive whole-of-life protection at a lower premium compared to traditional income protection insurance products. In the event of permanent disability, your benefit amount is immediately upgraded to 100% of pre-disability income.

Additional features include automatic lifestyle protection, coverage for qualifying Discovery product premiums, protection for the entire family, and premium waivers after childbirth. A top-up income continuation benefit allows you to protect up to 100% of your income on temporary disability. Annual bonuses can also be covered for up to five years through the Performance Bonus protector.

Get comprehensive cover for the unforeseen

The benefit payout can be increased each year based on the consumer price index or a fixed percentage on the Comprehensive option. Coverage can be increased by 20% every three years without additional underwriting, subject to a negative HIV test. Certain professionals in private practice with shorter waiting periods may receive retrospective payouts from day one for qualifying injuries or illnesses.