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Why choose life insurance from Discovery?
Use our claims calculator, by entering your gender, age and occupation below, to see how we ensure that our clients are financially protected in the case of these life-changing events.
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Discovery's COVID-19 life insurance claims experience for 2021
The Discovery Life Plan has been designed to give comprehensive protection when our clients and their families need it the most. The current COVID-19 pandemic is no exception. The unique features across all our benefits make sure that our clients are comprehensively protected against the effect that this virus outbreak can have on them and on their family's lives. For this reason, we also launched the market-first Multi-organ Benefit which is now built into and complements our Severe Illness Benefit to help provide clients and their families with enhanced peace of mind.
Total COVID-19-related payouts
R5.7 billion
Discovery has paid out over R5.7 billion for COVID-19-related claims through individual and group risk policies.
Highest COVID-19 claim
Over R67 million
The highest Life Cover claim paid as a result of COVID-19.
Lump sum claims
Over 1 300
Discovery has paid out over 1 300 lump sum life insurance claims for COVID-19-related deaths and illnesses.
Claims for income and expense protection
Over 1 600
Discovery has paid out over 1 600 life insurance claims for COVID-19-related income and expense protection.
Income protection claims by occupation
54%
Medical professionals have accounted for 54% of the amount Discovery paid out for COVID-19-related income protection claims.
Positive Vitality engagement has helped drive positive outcomes
-85%
Mortality claims for diamond Vitality members was 85% lower than for clients not part of the Vitality programme. The vaccination rate for diamond Vitality members was 71% higher than clients not part of the vitality programme.
Claims by clients with Discovery Life insurance
Discovery offers you more than just life cover
Discovery offers 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. It is a comprehensive offering that ensures 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.
Life insurance claims paid to date
R53.6 billion
Total paid out in 2023
R6.45 billion
PayBacks paid to date
R11.8 billion
1.1
claims per hour8,912
Total individual life claims paid in 202299%
Valid claims paid outFive reasons to join Discovery Life
Comprehensive, dynamic cover for you and your family
Rewards throughout your policy term with premium discounts and cash back
Exemplary claims record with over R45.1 billion of claims paid to date
By leading a healthy lifestyle, Discovery's Gold and Diamond Vitality status policyholders have a 75% lower mortality risk compared to the industry average*
Over R3.1 billion in premium PayBacks and discounts are passed back to our policyholders every year**
* Mortality study by global reinsurer, 2018
** Internal Discovery statistics as at 2021