Tag / Discovery Life
Press releases • Feb 20, 2020 10:21 CAT
The Group highlighted results for the period ended 31 December 2019, characterised by substantial investment in new initiatives and a strong performance from the core businesses with the exception of VitalityLife: • Net asset value increased by R1 598 million • Total new business API increased 17% to R11 116 million • Normalised profit from operations decreased 7% to R3 551 million
Press releases • Sep 26, 2019 11:50 CAT
Discovery Life’s 2018 claims data has revealed the major risks Discovery Life members across different age groups faced in 2018. Unnatural causes continue to be the predominant reason for death claims, among people under the age of 30. Last year, the leading causes of unnatural deaths were motor vehicle accidents (35%), suicide (32%), other accidents (17%) and crime (16%).
Press releases • Jun 28, 2018 12:42 CAT
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.
Press releases • Oct 23, 2017 10:50 CAT
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.
Press releases • Jul 28, 2016 11:09 CAT
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...
Press releases • Jun 06, 2016 11:28 CAT
Discovery walked away the winner in two categories of the 2016 FIA Awards. Discovery Life, for the seventh time overall and the fourth year in a row, took top honours as the Long Term Insurance Product Supplier of the Year – Risk, while Discovery Health was selected the Healthcare Product Supplier of the Year for the 8th time since these awards were announced.
Press releases • Jul 20, 2015 11:50 CAT
Discovery Life paid out more than R1 billion to date in cash rewards to clients for leading healthy lifestyles, of which more than R400 million was paid out in 2014. Encouraging and rewarding healthy living is the cornerstone of Discovery’s insurance offering.
Press releases • Jun 05, 2015 09:13 CAT
5 June 2015 – Discovery Life took top honours in the long-term insurance category at the prestigious annual Financial Intermediaries Association of Southern Africa (FIA) Awards held in Johannesburg last night. The awards recognise and honour South Africa’s leading product providers in the financial services industry.
Discovery Life’s annual claims experience reaffirms the need for comprehensive life, severe illness and disability cover
Press releases • Jul 03, 2014 11:32 CAT
Discovery Life paid out close to R2 billion in claims to South Africans or their estates in 2013, and more than R10.3 billion to date since Discovery Life was established in 2000.
Press releases • Jun 12, 2014 22:21 CAT
Discovery has succeeded in winning awards in two categories at this year’s Financial Intermediary Association of Southern Africa (FIA) Awards. Discovery Life took the honours in the category Long-term Insurance Product Supplier of the Year – Risk Products and Discovery Health was named Product Supplier of the year – Healthcare.