Why do I need life insurance?
Life insurance is more than just a financial product; it’s a crucial safeguard for your and your loved ones’ wellbeing and the legacy you are building. In an unpredictable world, life insurance offers a sense of security by providing financial protection for you and your family in the event of a life‑changing event. Life cover gives you and your family peace of mind to take care of daily expenses, mortgage repayments and additional medical costs.
Our recent claims experience shows the importance and necessity of life insurance and financial protection at all ages. Our claims paid highlight the very real risk of death and lifestyle changes due to natural and unnatural causes and plead the case for comprehensive financial protection.
Cause of death by age
While older age groups experience a greater proportion of cancer and heart and artery conditions, deaths across all age groups occur as a result of a broader range or events. This highlights the need for comprehensive cover for all ages and regular screening for preventable conditions.
Get the most comprehensive cover in the market
When planning for the future, it’s important to make intentional decisions about your life insurance. You should make sure it’s flexible and adapts to your changing lifestyle, giving you value throughout your life. For example, our automatic Severe Illness Benefit conversion feature converts capital disability cover into severe illness cover at expiry. In 2023, we paid R108 million in converted Severe Illness Benefit claims, which highlights the importance of flexible cover that adapts to your needs at each stage of life.
With Discovery Life, you can enjoy added peace of mind with award-winning* life insurance benefits that give you and your loved ones comprehensive financial protection and rewards. Our Severe Illness Benefit claims experience highlights the importance of comprehensive financial protection. A defining feature is our market-leading multiple claims facility that, in 2023, paid out R298 million in multiple claims and 55% more subsequent claims than most traditional insurers. For example, a claim in the same body system for a lower severity claim.
Reasons to choose Discovery Life
- Up to 100% of your insurance premiums back in cash for simply choosing to live healthily.
- Upfront and ongoing premium discounts of up to 48%.
- Financial protection for you and your loved ones for a range of life-changing events.
- Dynamic cover that adapts to your risks and every life stage.
- Additionally, when you lead a healthier lifestyle, you can get risk protection that supplements your retirement funding with lump-sum payouts in retirement.
Having life insurance cover in place is not just about your future, but also about the future of those you care about the most. That’s where Discovery Life comes in to give you unmatched value by providing cover for life-changing events. Join Discovery Life today for financial protection for you and your loved ones in the future and get rewarded for living well now.
The Future of Life Insurance. Now.
Regards
Discovery Life
*Efma-Accenture awards and recognition by the Independent Oncology Network (ICON).
Discovery Life Limited, registration number 1966/003901/06, is a licensed life insurer and an authorised financial services and registered credit provider, NCR registration number NCRCP3555. Product rules, terms and conditions apply.