Skip to content

Topics: Personal finance

  • 2019 Discovery Life claims insights and COVID-19 trends

    During 2019, Discovery Life paid out R4.8 billion to policyholders, including a total of R1.2 billion through the PayBack benefit. In addition, Cash Conversions to the value of R2.8 billion are expected to mature over the course of the next 5 years. Breakdown per benefit: • R2.28bn in life cover • R1.1bn Severe Illness Benefit • R816m Disability benefit • R375m income Continuation Benefit

  • Discovery Bank offers locked-in interest rate on savings

    In line with National Savings Month, Discovery Bank will postpone implementing the interest rate reduction announced yesterday and will keep the interest rates on all its savings accounts as is for the next 14 days. The interest that Discovery Bank charges its clients on their borrowings will, however, be reduced with effect from July 24 2020.

  • Discovery Business Insurance updates address the changing needs of SMEs

    Discovery Insure CEO, Anton Ossip, announced enhancements to Discovery Business Insurance’s offering, including a partnership with MTN to give businesses up to 50% back on their monthly data costs, capital support for the retail sector in partnership with Merchant Capital, as well as the Dynamic Distance Cash Back to reward people for driving less during the COVID-19 pandemic.

  • Discovery Insure and Motus Financial Services partner on new warranty product

    Discovery Insure's warranty product covers a comprehensive list of critical components, with no limits. This product encourages good driving with premiums based on a driver’s specific driving profile, as well as the unique circumstances of the vehicle compared to a market where premiums tend to be undifferentiated irrespective of how good a driver you are.

  • Get a new iPhone with Discovery

    Discovery is excited to announce that it has extended its partnership with Apple and iStore to help clients fully fund a new iPhone through Vitality Active Rewards.

  • Discovery Bank charts a new path for consumer value in banking

    Discovery Bank enters a new phase of a carefully managed and gradual process of on-boarding existing Discovery Card clients to the full-service banking platform, marking the start of Discovery Bank operations to the public. A comprehensive study on retail bank fees conducted by the behavioural bank presents the real cost of banking to the consumer, taking into account their banking behaviour.

  • Cut through the noise to find emerging investment trends

    A prolonged environment of uncertainty and political risk, both in South Africa and globally, means that investors should start cutting through the noise to find emerging investment trends, Isabelle Mateos y Lago, Managing Director and Chief Multi-Asset Strategist at BlackRock, told the Discovery Financial Planning Summit in Sandton.