Saving and investment plans
Our unique shared-value model rewards you for taking responsibility for your financial future. Our investment plans have unique benefits that reward you for saving for longer, the more you invest and the healthier you get. Our formula is to provide you with benefits that will maximise your investment outcomes:
Flexible investment plans
Our Flexible Investment Plans allow you access to your money when you need it. These plans have benefits that reward you the longer you stay invested, the more you save and the healthier you become. They help you to increase the growth on your investment by reducing the fees paid on your investment and by protecting your investment when markets underperform.
What you need to know:
This plan has unique protection built into it, which will pay out into your investment plan after five years and after 10 years if your funds underperform relative to their corresponding sector.
Contributions:
- R100 000 minimum lump-sum contribution
Young professionals and graduates (younger than age 30): - R5000 minimum lump-sum contributions
Term: No term.
This plan allows you to invest a lump-sum amount or monthly contributions. You get flexibility and access to a wide range of funds as well as incentives to encourage a positive behaviour change.
Contributions:
- R60 000 minimum Lump-sum contribution
- R850 minimum monthly contribution
- Young professionals and graduates (younger than age 30):
- R5000 minimum lump-sum contributions
- R300 minimum monthly contribution
Term: No term.
This plan allows you to save a lump-sum investment, monthly or yearly contributions in the most tax-efficient way because all the growth on your investment is tax free.
Contributions:
- R33 000 minimum lump-sum contribution
- R850 minimum monthly contribution
- R10 200 minimum yearly contribution
- Young professionals and graduates (younger than age 30):
- R5 000 minimum lump-sum contribution
- R300 minimum monthly contribution
- R33 000 minimum yearly contribution
There is a lifetime limit of R500 000 for this investment.
Term: No term.
- You can receive yearly increases to your retirement boost1 on your lump-sum retirement annuity, if you own a Flexible Investment Plan.
- You can receive a discount of up to 100% on your yearly administration fees, depending on your Vitality status, how long you remain invested, and the funds you invest in.
- Your Classic Performance Protector is an extra amount that we invest for you to cover you if the funds you chose underperform.
Endowment plans
Our local Endowment Plans are medium-term investment plans that incentivise you when you save for longer, gives you opportunities to increase the growth on your investment by minimising the fees on your investment, and it gives you unique protection when you need it most. You can choose between a lump-sum investment or monthly contributions.
What you need to know:
Contributions:
- R60 000 minimum lump-sum contribution
- R850 minimum monthly contribution
Term: 5 years or 10 years.
Benefits:
Benefits available to you when you invest a lump-sum amount
- You will receive a boost to your investment of between 7.5% and 26% of your initial lump-sum investment, depending on whether you invest in qualifying Discovery funds, have a Discovery Life Plan, and the amount you invest. Booster to your investment value on death.
- If you die while invested in an Endowment Plan, we will boost your fund value.
Benefits available to you when you invest recurring contributions
- If you become severely ill or disabled, we will pay your contributions while you are invested in an Endowment Plan, until your death or until you turn age 65, whichever is earlier.
- If you die while invested in an Endowment Plan, we will boost your fund value.
Guaranteed return plans
Our Guaranteed Return Plans are five-year investment plans that give you peace of mind from knowing exactly what your investment will be worth at the end of the five-year period. You can choose from two Guaranteed Return Plans, the Guaranteed Growth Plan and the Guaranteed Income Plan
Features and benefits
No matter what happens to the markets, you will get your guaranteed return on your lump-sum contribution after the five-year investment term. This is a low-risk, tax-efficient investment that is well-suited for volatile times. If you withdraw your money earlier, you will not get the guaranteed maturity value.
Contributions:
- The minimum lump-sum investment is R60 000.
Term: Five years.
Fees: We offer innovative fee payment options and discounts to help you get the most out of your investmentWe offer innovative fee payment options and discounts to help you get the most out of your investment
This plan provides you with a guaranteed return and a guaranteed regular income on your investment for five years.
Contributions:
- The minimum lump-sum investment is R60 000.
Term: Five years.
Benefits:
- If you die before age 70, we could pay your investment’s guaranteed maturity value to your beneficiaries.
- If you die before age 70, we could pay an amount equal to your growth portion’s guaranteed maturity value to your beneficiaries.