Double the PayBack in your pocket

With Discovery Life it pays to live healthily. Literally. When you take the best care of yourself, the PayBack benefit on your plan offers you cash back at set periods as a reward. You can use it for day-to-day expenses or go to that vacation you have always wanted to go to. Here, we delve into how it works.

Life insurance that rewards you for living life to the fullest

With Discovery Life's suite of benefits, there are rewards aplenty. You also get the peace of mind you need with market-leading, comprehensive cover. A life insurance policy provides you with the means to create a financial security net that benefits your loved ones should you be negatively impacted by 'unthinkable circumstances'. In the event of death, disability, or severe illness, or even loss of income, life insurance sees to it that those closest to you can continue living a productive and healthy life. Discovery's Life Plans are designed to give back to you when you make healthier lifestyle choices. Why? Well, your healthier choices directly reduce your risk - and the more consistently you can achieve this, the better for you and your loved ones.

It's said that "the key to success is consistency," and "what you put in is what you get out. So, shouldn't healthy living "pay-out" in ways that improve your quality of life? We think so.

With our Vitality powered Shared-value Insurance model, healthy living literally earns you PayBack - cash which you can put towards the things and experiences that give your quality of life a well-earned boost.

When you live life to the fullest, your life should be full of the things that really matter to you and your loved ones.

"The beauty of Discovery Life's insurance product suite is that all the policies on offer are structured to be relevant to a person's life - both in the immediate future and down the line," says Discovery certified financial adviser, Claire van Wyk.

"Packed with comprehensive benefits, a policy can be adapted at any stage should your needs change - and as we all know, things do change from time to time. The Discovery Life Plans are flexible enough to accommodate changing needs while remaining comprehensive," she adds.

"What makes the Discovery Life Plans worthwhile is that they offer policyholders more value," says van Wyk. "We all wish to get the most out of life and lead healthy lifestyles - our policies encourage that with a reward-based programme. When you live well and manage your money better, life becomes that much more enriched."

How to qualify for the PayBack benefit

Once you have a comprehensive and market-leading Discovery Classic or Purple Life Plan in place, you can link it to various other Discovery products for added value.

As a Discovery Health and/or Vitality member, linking your products together allows you to benefit from receiving upfront premium discounts as well as the PayBack benefit.

Additional cash payouts through your policy

With Discovery's PayBack, you can get substantial cash back throughout your policy term by managing your health and wellness.

1. Annual Guaranteed PayBack of up to 10% back for the first 10 years of a policy

By adding the Financial Integrator to your Comprehensively Integrated Classic or Purple Life Plan, you can receive a guaranteed percentage of your premiums paid back in cash each year for the first 10 years. This benefit ensures that no matter what, your Discovery Life Plan provides you with value.

2. Five-yearly PayBack of up to 50% back

Overall, you can get up to 50% of your premiums back every five years, depending on the steps that you are taking to manage your health and wellness.

"PayBacks are a way to share value with our clients," says van Wyk. "Policyholders who live healthily stand to benefit from rewards generated throughout their policy term. These types of rewards can really add value to a person's quality of life - I see this in what I do almost every day."

Now double it!

Now, what if we told you such rewards could offer you a little more?

With the Double PayBack Benefit, you can earn up to 100% of your life insurance premiums back in cash when you take out a Discovery Life policy.

By simply selecting the Double PayBack option and choosing to receive your PayBacks five years later when you take out your policy, you can double the PayBack you receive - giving you up to 100% of your qualifying premiums.

When you live healthy, it truly counts!