Discovery Life Insurance

Discovery Limited is a leading financial services provider based in South Africa, offering a wide range of services across various industries.

With their comprehensive protection plans, you and your family can enjoy financial security at affordable premiums.

Wellness rewards for healthy living

Discovery Limited's unique business model is centred around the concept of vitality, which encourages and rewards healthy living. By making healthier choices and effectively managing your finances, you can earn rewards from Discovery Vitality, their wellness program.

Enhancing health for a better society

At the heart of Discovery Limited's ethos is the belief that a healthy society creates value for individuals, families, and businesses. They actively work towards improving people's health and well-being, enabling them to live life to the fullest.

Protection against life's curveballs

Discovery Life understands the importance of safeguarding your family against unexpected events.

Their life insurance policies provide comprehensive protection against severe illness, disability, and loss of income. In the unfortunate event of death, the lump sum payout can ease your family's financial burdens, cover outstanding loans, and much more.

Income protection benefits

Discovery Life also offers income protection benefits to cater to your financial needs in the event of serious disease and disability. With extensive coverage for your children's education, their benefits are comprehensive and adaptable to your evolving needs.

Best customer experience

With their commitment to customer satisfaction, it's no surprise that Discovery Life is currently ranked first for the Best Customer Experience in SA. You can trust them with the well-being of your family and even your business.

Corporate Social Responsibility

Discovery Limited is also recognized for its commitment to sustainability and corporate social responsibility. The company has taken significant steps to reduce its environmental impact and has implemented several initiatives to support the communities in which it operates.

For instance, Discovery Foundation is a philanthropic organization that aims to improve access to quality healthcare in underserved areas.

They’ve launched various programs to promote education and youth development, including bursaries and mentorship opportunities for talented students from disadvantaged backgrounds.

While we’ll get into the specifics of the benefits of choosing Discovery, here are some of the main highlights to give you an overview:

• Provides financial protection for your loved ones in the event of your death.
• Pays out a lump sum to cover expenses such as funeral costs, outstanding debts, and living expenses.
• Offers income protection benefits to cater to your financial needs in the event of serious illness or disability.
• Covers your children's education expenses if you become disabled or die.
• Premiums are affordable and based on your unique health and lifestyle profile.
• Rewards you for healthy living through the Vitality programme, which can lower your premiums and increase your coverage.

Discovery Life offers a stellar range of service products, all designed to take care of the financial and physical wellness of you and your family.

You can choose from a range of tailor-made insurance packages to suit your specific lifestyle and unique needs.

The Classic and Essential Life Plan

This plan is designed around the insurance requirements of you and your family. It offers tailored individual financial cover at low premiums to cater to adverse events such as illness and disability.

You also enjoy great rewards for living healthily. The plan covers all major life-changing and unforeseen challenges such as disability, serious illness, and death. Should you lose your income, you can rest assured that your financial needs are taken care of.

The Smart Life Plan

This plan was designed with millennials in mind. If you’re under 30, you can now secure your financial future by getting life cover that suits your specific circumstances.

Life cover starts at R100 per month and you can enjoy rewards of up to 100% of your premiums back if you make healthy life choices.

Some of the benefits of this plan include:

• Life cover: A lump sum is paid out to your family if you die.
• Automatic parent funeral cover: You get a lump sum of up to R 20 000 when your parents die. Biological, step and adoptive parents are covered.
• Serious illness cover: Aimed at lessening the impact of severe conditions such as cancer.
• You can grow an income continuation fund up to retirement age to add to your income.
• By integrating a number of lifestyle products, you get a starting discount (up to 42%) on your premium. By managing your health, you can keep your instalments low.
• This plan will convert automatically to the Classic Life Plan after age 30.

The Dollar Life Plan

This product offers comprehensive life insurance, coupled with disability and illness benefits, and pays out in US dollars.

Here are a few of the many added benefits of this plan:

• Dollar pay-outs upon your death. It enables you to cover your offshore liabilities and protects you from fluctuations in currency.
• Exceptional cover in the case of serious illness. This benefit is regarded as one of the two best cancer protection benefits in the industry by the Independent Clinical Oncology Network. The Cancer Exome Sequencing Benefit and Global Treatment benefit are included in this cover.
• Buy-up cash conversion: You can take 25% or 50% of the funds as a tax-free lump sum in dollars when you turn 65. It’ll not influence your Life Fund value but is subject to an additional premium.
• Global disability cover. You get a lump sum dollar payout in the event of disability. This cover also offers a number of different options.

Funeral Plan

This plan offers a lumpsum payout in the event of your death. You also get a range of added options that cater to your family’s financial well-being after your funeral. The policy has a severe illness benefit that provides a lump sum when you suffer from a life-threatening illness. It even covers organ complications due to Covid-19, a market first in insurance.