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Life cover for you and your family!

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What is life insurance?

A life insurance policy is a valuable contract that provides financial protection for you and your family against life-changing events. A life-changing event could be death, or an illness or disability that affects your lifestyle or ability to earn an income. If all your premium payments are up to date, your life insurer will compensate you for the occurrence of life-changing events covered by the benefits on your policy. Life insurance offers peace of mind, assisting you and your family in maintaining your lifestyle when illness, disability or death impacts it.


Introducing the Discovery Life Plan: The Future of Life Insurance. Now.

Discovery Life offers you a comprehensive suite of life insurance policies with market-leading cover, award-winning1 benefits and financial rewards designed to meet your lifestyle and needs.

Get cover for death, disability, severe illness and loss of income.

Protect your children's education through the Global Education Protector, which provides cover for the actual costs of a child's education, from crèche to tertiary education.

What are the advantages of having Discovery life insurance?

At Discovery we understand that all individuals' needs are unique. That is why we offer a collection of customisable benefits covering the full range of possible life-changing events, from death and disability to severe illness, loss of income, and much more. This comprehensive offering ensures that no matter which stage of life you find yourself in, you will be covered, rewarded and financially secure. One of the biggest advantages of having a life insurance policy from Discovery is having access to a benefit structure that rewards you throughout your policy term for managing your health and finances.

With Discovery Life, you can get:

Up to 100% of your premiums paid back to you, depending on how well you manage your health. Now more rewarding than ever with Personalised PayBack Booster that gives you your maximum PayBack for the month you close your health ring through Discovery Health's Personalised Health Pathways.

Upfront discounts of up to 48% by linking your Discovery Life insurance policy with other Discovery products, with the ability to maintain this discount by managing your health and finances.

The ability to convert your healthy lifestyle choices into cash in retirement with the Cash Conversion benefit2, which is available for an additional premium.

Why choose a Discovery Life policy?

The Discovery Life Plan provides you with a customisable experience from your phone, bringing shared value to you in real time. This experience lets you make the most of your Life Plan and the financial rewards available for managing your health and wellness.

Get a Discovery Life Plan, download the Discovery app and view your policy details 24/7 from anywhere in the world.

You'll also get access to the following features:

Instantly track your financial rewards and see how increasing your healthy behaviour can earn you even more.

Check your product benefits and cover amounts anytime.

Track your projected Cash Conversion which allows you to supplement your retirement funding with 10 yearly payments from age 65!

How does life insurance work?

Life insurance is designed to give you and your loved ones financial cover for life's unpredictable risks. Here is how Discovery Life insurance works:

STEP 1
Speak to a financial adviser to get a quote today

Once you have decided that you need life insurance you need to apply for a quote from Discovery Life insurance. You will need to provide personal and health information to determine your eligibility and the level of cover you need. Always provide accurate information to ensure your policy remains valid in the future.

STEP 2
Welcome to Discovery Life

Once your application is approved, you receive your policy contract including your Policy Schedule, Life Plan Guide and other documents detailing the terms and conditions of your cover.

STEP 3
Premium payments

Ensure your premiums are up-to-date to keep your policy active.

STEP 4
Access to policy details

With the Discovery Life Plan, you can stay updated and view your Life Plan details and financial rewards conveniently from your phone!

STEP 5
Claims process

In the event of a life-changing event, such as death, disability, or severe illness, you or your beneficiaries can file a claim. Discovery Life will assess the claim and, if approved, provide the financial benefits as outlined in your policy.

STEP 6
Additional support

Discovery Life offers more than just financial cover. We provide support with funeral planning, estate planning, and winding up the estate.

Life insurance definitions How to claim

Get a Life Plan that suits you and your family's needs!

To get started, choose from our range of local and global Life Plans with customisable and award-winning1 risk benefits to suite your needs.

Essential Life
Plan

Flexible and cost-effective cover with market-comparable benefits.

Up to 42% upfront and ongoing premium discounts

Up to 7.5% of your life insurance premiums back in the form of Discovery Miles

Up to 100% of your Life Fund value paid out in Cash Conversion payments from age 65 without reducing your cover

Death, disability, severe illness, loss of income, child and spouse benefits

Starting from

From R200

per month

Classic Life
Plan

Market-leading, comprehensive cover for you and your family with award-winning1 benefits.

Up to 48% upfront and ongoing premium discounts

Up to 7.5% of your life insurance premiums back in the form of Discovery Miles

Up to 100% of your premiums back in cash with the PayBack benefit

Up to 100% of your Life Fund value paid out in Cash Conversion payments from age 65 without reducing your cover

Death, disability, severe illness, loss of income, child and spouse benefits

Starting from

From R200

per month

Purple Life
Plan

Bespoke local and global cover for high-net worth individuals with R10 million or more life cover.

Up to 48% upfront and ongoing premium discounts

Up to 7.5% of life insurance premiums back in the form of Discovery Miles

Up to 100% of your premiums back in cash with the PayBack benefit

Up to 100% of your Life Fund value paid out in Cash Conversion payments from age 65 without reducing your cover

Death, disability, severe illness, loss of income, child and spouse benefits

Convert all, or a part of, your rand cover into dollars with the Dollar Swap option

Speak to your financial adviser to get a quote.

Dollar Life
Plan

Authentic offshore risk protection which pays out in US dollars.

Up to 48% upfront and ongoing premium discounts

Up to 50% of your premiums back in dollars with the PayBack benefit

Up to 50% of your Life Fund value paid out in Cash Conversion payments from age 65 without reducing your cover

Lock in your dollar-rand exchange rate by up to 15% for the first nine years of your policy

Pay your premiums yearly using your dollar denominated bank account

Death, disability and severe illness protection and cover for your child's education, all paid out in dollars

Starting from

$50

per month

After deciding on the Discovery Life products, unlock unmatched value and financial rewards by following these steps:

STEP 1
Choose benefits that suit your lifestyle and adapt as your needs and lifestyle change

Get death cover that pays out a lump sum in the event of your death.

Add cover for severe illness and disability to have financial protection if you experience an unexpected life-changing event.

You can also get cover for loss of income so you can maintain your lifestyle if you suffer an illness or disability or if you can no longer work.

STEP 2
Secure your child's education and health

The Global Education Protector allows you to cover the actual costs of your child's education, from crèche to tertiary education, locally or abroad, if you pass away, or experience a severe illness or disability.

Even if you don't claim, you can still fund up to 100% of their education fees, by simply managing your health and wellness.

The Child Protector Benefit offers world-leading child protection for relevant disabilities, traumas, and illnesses.

STEP 3
Unlock upfront and ongoing premium discounts

Unlock up to 48% that can be maintained throughout your policy by integrating (linking) your Discovery life insurance policy to your Discovery products such as Vitality, a qualifying medical aid administered by Discovery Health or a qualifying Discovery Bank account.

STEP 4
Get up to 100% of your life insurance premiums back

Get up to 100% of your life insurance premiums back in cash through the Double PayBack option when you manage your health and wellness. This includes a guaranteed PayBack accumulation of up to 30% for the first 10 years of your policy.

STEP 5
Supplement your retirement funding with the Cash Conversion Benefit

The Cash Conversion Benefit, which is available for an additional premium, pays out up to 100% of the value of your Life Fund, without reducing your cover2. The payments are made in 10 equal yearly installments from age 65. You can grow the value of these payments by managing your health and wellness before retirement to supplement your funding in retirement.

Be prepared for when life happens - Get a will drafted and estate protected today with Discovery Life!

Discovery Wills and Trusts Services will help you draft your will, ensuring you have a protective plan that takes care of your loved ones when you are no longer around. We offer a wide range of comprehensive estate planning and professional services to safeguard your legacy through the Discovery Estate Preserver. Discovery Estate Preserver comprehensively protects your loved ones from the legal costs associated with wrapping up your estate.

What our clients say about us

Des transforms his life with a healthier lifestyle and discovers incredible rewards with Discovery Life.

By prioritising his health and taking his exercise goals seriously, Des, a Discovery Life client, has earned over R2.5 million in cash back from his life insurance premiums over the years, through the PayBack benefit.

https://www.discovery.co.za/corporate/smart-money-embracing-a-healthier-lifestyle

Discovery Life's amazing financial support was a lifeline when Michal needed It most.

2022 was a difficult year for Michal. She faced two unrelated cancer experiences, only six months apart. But with the love and support of her family and friends, and the right financial cover in place, Michal felt like she could get through it all.

https://www.discovery.co.za/corporate/smart-money-early-detection-really-does-save

Nazmeera is grateful for Discovery Life Cover: easing her financial burden in tough times!

Financial adviser Nazmeera took her own advice: plan for the unexpected. As distressed as her family was when her husband, Santosh Sachidanand, had a quadruple bypass after a serious case of COVID-19, they were fully covered financially.

https://www.discovery.co.za/corporate/smart-money-life-cover-lifts-burden

Discovery Life Product Brochures

Join Discovery Life and experience the future of life insurance today!

Fill in a few details to get a quote in 60 seconds and get your policy activated in 30 minutes3 today. You can also call us on 0860 000 628 or speak to your financial adviser.

Let's get started:

I am:

Smoker status:

Terms and conditions apply.

1Efma-Accenture and recognition by the Independent Clinical Oncology Network (ICON).

2The Cash Conversion benefit, available for an additional premium, is a risk benefit, not an investment product. Therefore, this benefit does not have any lapse or surrender value before the payouts become due. This means we will not owe you any money or benefits if you cancel your policy before your payout is due.

3Eligible lives underwritten in 30 minutes.

Discovery Life Limited, registration number 1966/003901/06, is a licensed life insurer, and an authorised financial services and registered credit provider, NCR registration number NCRCP3555. Product rules, terms and conditions apply.

The Discovery Dollar Life Plan is issued by Discovery Life International, the Guernsey branch of Discovery Life Limited (South Africa), licensed by the Guernsey Financial Services Commission under the Insurance Business (Bailiwick of Guernsey) Law 2002 to carry on long-term insurance business. The Discovery Dollar Life Plan is also subject to the South African Insurance Act of 2017.

Copyright 2025 Discovery Ltd is the licensed controlling company of the designated Discovery Insurance Group. Registration number 1999/007789/06.
Companies in the Group are licensed insurers and authorised financial services providers.