Value-added benefits from Discovery Life that you can 'bank on'
A healthy lifestyle and sound money management have a direct impact on the quality of our lives - something we can all benefit from. What if you could add a little more value to your quality of life? With Discovery Life's Bank Integrator, you can. Here's how it works.
Life insurance is an important part of having a sound financial plan. Our Life Plans are designed to protect you at every stage of your life. They provide you with benefits that change throughout your policy term, to stay relevant to your needs. Living healthily and managing your money provides you with a wonderful opportunity to save in a way that can help to add real value to your life - both now and later.
Get the discount that offers the best of both worlds
Ups and downs, challenges and changes do happen, sometimes throwing curve balls and roadblocks in our path of quality living. This is a fact of life, but we can put in place safety nets equipped to handle potential consequences.
This is where we can proactively take care of our own futures and Discovery Life has an array of products to help you achieve just that.
Discovery Life's product offering not only offers you market-leading, comprehensive cover, it also rewards you for taking proactive steps to improve the quality of your life. One such value-added benefit on offer is the Bank Integrator.
By activating the Bank Integrator on your Discovery Life policy, you can save as much as 15% on your qualifying premiums, and this discount is sustainable for the entire policy duration.
Market - leading insurance cover that rewards proactive living
When you link your Discovery Life and Discovery Bank products, you can also gain access to the Vitality Fund. This gives you extra base life cover for no initial premium, allowing you to create a more comprehensive safety net you may need at some point in life's journey. It's a rewarding benefit that gives you real value for proactive health and financial behaviour.
"With its roots in Vitality, by living better, banking healthier and proactively taking an interest in preserving your quality of life for the long-run, the Discovery Life Bank Integrator creates an opportunity for you to really benefit from the very best of both worlds," says Discovery certified financial adviser, Claire van Wyk.
"With the Vitality Fund, you can earn additional life cover with no added underwriting necessary, at no initial premium. Now, that's real value anyone can benefit from," she adds.
How does the Discovery Life Bank Integrator work?
The Bank Integrator provides an upfront and ongoing premium discount of up to 15% based on your Discovery Bank card colour, chosen funding pattern and Integration. Additionally, you can access the Vitality Fund which consists of two, three-year periods where you can benefit from rewarding boosted cover.
"During the initial three years, you receive 20% more life cover on top of your base life cover amount at no additional cost to you," explains van Wyk.
"At the end of the initial three-year period, you can elect to retain this whole-of-life cover at new business premiums," she adds. "This unlocks the next three-year period where a new portion of the Vitality Fund is unlocked, giving you up to 26% extra life cover based on how well you are managing your overall physical health, mental wellbeing and money on the Vitality programme. Again, a premium becomes payable at the end of the three-year period, guaranteeing you whole-of-life cover."
The Vitality Fund is structured to ensure that you have the opportunity to earn additional cover of up to R2 million, should all of the qualifying criteria be met.
Get the reward now that you'll be thankful for in your later years
"Unlocking this additional cover in three-year cycles offers our customers brilliant value", says van Wyk. "We strive to encourage you to live well and manage your money in healthier ways for the duration of our life, and when you do, we reward you with the kinds of savings benefits that make it easier for you to lead a quality life. The control is actually in your own hands."
Premium discounts apply upfront and can be maintained in whole over time. "This is ideal. We live in the moment, as well as strive to maintain a healthy and balanced life well into older age. Our structure mirrors this reality really well," says van Wyk.
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.