News archive

Adrian Gore
Discovery
Discovery Health
Discovery Vitality

  • South African women need more income protection cover – and continue to see the value of cover for cancers


    Johannesburg, 10 August 2022: Every year, in August, South Africa marks Women’s Day and Discovery Life undertakes to reflect on its efforts to close the gendered insurance gap in our country. In 2019, ASISA conducted a gap study which found that women have an insurance gap of nearly R15 trillion. An analysis of Discovery Life’s 2021 claims data shows that while women hold 47% of all life polic

  • Discovery Life clients can now get higher PayBacks if vaccinated against COVID-19

    Johannesburg, 29 July 2021 – Discovery Life has announced a ‘first-of-its-kind’ underwriting determinant for the South African life insurance market, stating that being vaccinated against COVID-19 is now an additional consideration in determining life insurance premiums and benefits for new clients, effective from the 29th of July 2021.
    “Through our premium PayBack reward mechanism, we are off

  • Discovery delivers robust half-year results with elevated investment in strategic new initiatives

    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

  • The most critical risks South Africans face today

    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%).

  • Millennials face a demonstrable insurance gap of R15 trillion

    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.

  • ​Financial Intermediaries Association gives Discovery top honours

    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.

  • More health, more years, more life

    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.

  • Discovery bags FIA award

    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.

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