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 Vitality today announced the release of its Care Gap Report which highlights the extent to which members engaged in health behaviours and accessed health promotion and preventative services during COVID-19 lockdown.

Despite a challenging year marked by the global COVID-19 pandemic, the Discovery Foundation continues to support cutting-edge clinical research and medical training in South Africa’s public and academic medicine sector; with research grants for 37 public sector doctors and institutions.

Discovery Bank today announced new and even more convenient and safe ways to pay, available with its latest app release. Clients now get up to 20% off when they spend their Discovery Miles online and in-store through the Bank’s partner network, and they enjoy greater convenience and security when shopping with virtual cards.

In a claim experience analysis, Discovery Group Risk today reported claim pay-outs to the value of R1.48 billion in the year to June 2020, including at least R100m directly due to COVID-19. The company offers group risk benefits that include life cover, global cover for the education of employees' children, severe illness cover, lump-sum and monthly disability protection, and funeral cover.

Discovery Vitality is excited to announce that Vitality members can now book kulula.com flights. While the kulula.com booking platform has been live for several weeks for accommodation, car hire and select international flight bookings, the reintroduction of local air travel bookings is a huge and positive milestone.

In 2020 the COVID-19 global healthcare crisis has put the spotlight on people who live with diabetes. They are considered at risk of severe illness should they contract COVID-19 – particularly where the condition is poorly managed.

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.