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.

Discovery today announced the launch of Discovery Business Insurance – a new type of shared value insurance focused on building better and “healthier” businesses.

Discovery Health Medical Scheme members will be able to elect to have their health plan administered in accordance with principles that are compliant, through the Discovery Health Medical Scheme Shariah Compliant Arrangement.

Discovery Health has invested extensively in a digital healthcare ecosystem to enhance the quality and experience of healthcare for members of DHMS. This investment includes the adoption and funding of digital healthcare technology, digital tools for members and doctors, integration with health monitoring devices and sophisticated data analytics.

“Each year we strive for the lowest possible contribution increase. For the first six months of 2021, DHMS will deliver a contribution freeze for all scheme members across all plans, mindful of and sensitive to the financial pressures facing individuals at this time within the country’s stressed economic climate.

JOHANNESBURG, 30 September 2020 | Discovery Vitality today announced an exciting series of product enhancements that will further motivate and reward members to get healthy by exercising and eating well.

Discovery Group Chief Executive, Adrian Gore, presented Discovery’s results for the year ended 30 June 2020 confirming the Group’s financial strength and strategic relevance.

Discovery presents new insights into the progress of the COVID-19 pandemic in South Africa and globally and investigates dynamic interventions that have saved lives and that have helped the country to navigate the peaks of the pandemic.

Analysis of Discovery Insure’s clients’ driving behaviour during the national lockdown indicates that its best drivers reduced their mileage by up to 89%, and younger drivers reduced their mileage more than older clients. The findings were issued today.

Discovery is pleased to announce the successful launch of its Vitality 65+ offering. Vitality members, 65 years or older, can now achieve better health with age-appropriate goals, interventions and activities, with exclusive enhancements to the Vitality programme, across Health, Insure, Life and Invest - that help them achieve better health with age-appropriate goals, interventions and activities.