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Millennials face a demonstrable insurance gap of R15 trillion

Millennials face a demonstrable insurance gap of R15 trillion

Press Releases   •   Jun 28, 2018 10:42 GMT

South Africa’s young adults could bridge the growing life and disability insurance gap by diverting a fraction of their monthly lifestyle expenditure to financial services products. The largest insurance gap is currently presented by millennials between the age of 18 and 30 coupled by high levels of indebtedness and low savings.

The state of health in South Africa according to Discovery Life’s claim experience 2016

The state of health in South Africa according to Discovery Life’s claim experience 2016

Press Releases   •   Oct 23, 2017 08:50 GMT

Discovery Life published insights of its life assurance claims from January 2016 to December 2016. A total of 20 247 claims were paid over the period, amounting to R3.2 billion. This brings the total amount that Discovery Life has paid out to date up to R18.7 billion.

​Discovery Life highlights the state of health in South Africa from its claims statistics

​Discovery Life highlights the state of health in South Africa from its claims statistics

Press Releases   •   Jul 28, 2016 09:09 GMT

Discovery Life published details of its life assurance claims from January 2015 to December 2015. A total of 19 591 claims were paid over the period, amounting to R2.8 billion. Unnatural deaths accounted for 21% of all claims in 2015.As many as 60% of Discovery Life claimants were older than 50 in the same period...