Discovery Life
Life insurance that rewards healthy living with lower premiums
Discovery Life revolutionised life insurance in South Africa by rewarding healthy behaviour with premium discounts. The more active and healthy you are, the less you pay.
Integrated with Vitality, Discovery Life offers cover up to R50 million and unique benefits like the PayBack feature - where you can get up to 50% of your premiums back if you don't claim. It's the most innovative life insurance product in the market.
At a Glance
R50M
Max Cover
From R150
Per Month
Up to 50%
PayBack
Vitality
Integrated
Key Benefits
Vitality Integration
Earn premium discounts by being active, eating healthy, and completing health checks. The more Vitality points you earn, the lower your premiums.
PayBack Benefit
Get up to 50% of your life cover premiums back after 15 years if you remain healthy and don't claim. This is unique to Discovery.
Dynamic Premiums
Your premiums can decrease as you maintain a healthy lifestyle, unlike traditional insurers where premiums only increase.
High Cover Amounts
Cover up to R50 million - among the highest in South Africa for individual life insurance.
Comprehensive Add-ons
Add disability cover, severe illness cover, income protection, and more to your policy.
How Vitality Saves You Money
Discovery Life's unique integration with Vitality means your healthy choices directly reduce your premiums.
Premium Discounts
- • Bronze status: Up to 10% discount
- • Silver status: Up to 15% discount
- • Gold status: Up to 20% discount
- • Diamond status: Up to 25% discount
How to Earn Status
- • Regular gym visits and exercise
- • Annual health screenings
- • Healthy food purchases
- • Non-smoking commitment
Cover Options
| Cover Type | What It Covers | Max Amount |
|---|---|---|
| Life Cover | Lump sum payout on death | Up to R50M |
| Severe Illness | Payout for cancer, heart attack, stroke, etc. | Up to R20M |
| Disability Cover | Payout if permanently disabled | Up to R30M |
| Income Protection | Monthly income if unable to work | Up to 100% of income |
| Funeral Cover | Quick payout for funeral costs | Up to R100K |
The PayBack Benefit Explained
Discovery's unique PayBack benefit returns a portion of your premiums if you stay healthy and don't claim:
After 15 Years
Get up to 50% of your life cover premiums back as a cash payout.
Vitality Status Matters
Higher Vitality status = higher PayBack percentage.
No Claims Required
You must not have claimed on your life cover during the period.
Pros and Cons
Pros
- Premiums decrease with healthy living
- PayBack benefit returns premiums
- High cover amounts (up to R50M)
- Comprehensive cover options
- Excellent digital experience
- Strong claims payout record
Cons
- Requires Vitality for best value
- Higher base premiums than some
- Complex product structure
- PayBack requires 15 years commitment
- Medical underwriting required
How to Apply
Get a Quote Online
Use Discovery's online quote tool or speak to a financial advisor.
Complete Health Assessment
Answer health questions. Blood tests may be required for high cover amounts.
Underwriting Review
Discovery assesses your application and confirms your premium.
Activate & Join Vitality
Sign up for Vitality to start earning premium discounts immediately.
Frequently Asked Questions
Do I need Vitality to get Discovery Life?
No, but it's highly recommended. Without Vitality, you miss out on premium discounts that can significantly reduce your costs over time.
How much can I save with Vitality?
Active Vitality members can save up to 25% on life insurance premiums at Diamond status. Over 20 years, this can amount to significant savings.
What if I claim - do I lose PayBack?
If you claim on your life cover, you won't receive the PayBack benefit for that period. However, severe illness and disability claims don't affect life cover PayBack.
Are blood tests always required?
Not always. For lower cover amounts and younger applicants, you may only need to complete a health questionnaire. Higher amounts typically require medical tests.
Important Information
- • Discovery Life is a licensed life insurer and FSP.
- • Premiums depend on age, health, smoking status, and cover amount.
- • Full disclosure of health conditions is required.
- • Benefits are subject to policy terms and conditions.