The Importance of Risk Cover

Have you ever thought about how your life would change if you were diagnosed with a life threatening illness or became disabled? What if you were diagnosed with Cancer today, or had a heart attack tonight? What if you were in a terrible car accident and become paralyzed? Where would the money come from to receive treatment? Who would take care of your kids? Tend to your household / family activities? How would you supplement your income because you cannot work? How would you feel having to tap into your savings or your child’s school funds to pay for the bills and pay for your treatment? When someone is diagnosed or faces such a tragic illness, they often go into survival mode and don’t think of these things but the reality is you need to. And, it’s better to plan ahead for this than to have the mentality of ”this won't happen to me”.

Capital Disability

Disability doesn’t just affect you – it can affect your entire family as well, both emotionally and financially. Our Capital Disability Benefit is designed to help relieve the burden of temporary or permanent disability on you and your family, offering you comprehensive disability cover with a lump-sum payment to ensure your continued financial security.

Severe Illness

No-one knows what life has in store for them, and the sad fact is that severe illness could strike at any time. Being prepared is the only solution – prepared for the cost of being absent from work during recovery, being cared for at home while ill, potentially modifying your lifestyle and your home, and even perhaps taking early retirement due to ill health. Our Severe Illness Benefit is all the reassurance you need, should you become severely ill, paying out a lump sum and pays multiple claims for related and unrelated events regardless of the severity.

Income Continuation

Would you cope financially if an illness or injury prevented you from earning your living at any time during your working life? Income protection ensures that you do not have a shortfall in cash flow in the event of illness, injury, or disability. It is especially important to consider this if you have others who depend on you for financial support. Discovery Life’s Income Continuation Benefit is a product that will pay your monthly income if you are unable to work due to being ill or disabled.

As South Africa’s number one life insurer, Discovery Life, provides clients with comprehensive cover for a wide range of life-changing events, and also rewards them for being healthy and driving well.

01 | Discovery Life is the #1 insurer in the retail affluent market, with 27% market share*

02 | Winner: best long-term insurer for 7 of last 9 years, as voted by the Financial Intermediaries Association of South Africa

03 | Discovery was selected as one of the top 51 companies in Fortune’s first “Change the World” list, in the company of IBM, Walmart, Grameen Bank, Google and Nike

04 | Discovery Life has paid out over R1.8 billion in PayBack to date with over R1.2 billion returned annually in Integrator premium savings

05 | Discovery Life clients have increased longevity with significantly lower life insurance claims for Gold and Diamond members

Vitality has been shown to have a significant effect in reducing mortality and morbidity. This allows Discovery Life to provide clients with significant value through various Integration features. These features include upfront premium discounts, premium paybacks each year, as well as tax free payouts at age 65. These benefits provide tangible financial rewards to the client throughout the policy term, ensuring the most cost effective life insurance cover available.

For more information contact me on 061 756 0200 or [email protected]