Group risk solutions for your employees

Shaping employee behaviour, creating a healthier and wealthier workforce

We offer comprehensive risk cover to protect your employees and their families against financial difficulty in the event of death, disability and severe illness. Our benefits include life cover, global cover for your employees' children's education, severe illness cover, lump-sum and monthly disability protection, and funeral cover.

If you use Discovery for your employees' health needs, and your employees sign up with Vitality, we are able to reward healthier employees with premium paybacks that can increase their savings for retirement.

Tailored solutions for unique needs

You can choose the benefits offered and amount of protection you want to provide to your employees, who can supplement the selected cover with more cover. We use advanced risk management pricing techniques to offer premiums that are sustainable over the long term.

 
 
 
 
Rewarding employees' healthy behaviour

We encourage your employees to live healthier lives and reward them through increased cover. Discovery Group Risk members can get up to 15% of their premiums back for managing their health and wellness.

Key features of our Group Risk Life Plan

The Global Education Protector


Our Global Education Protector provides local and international cover for the education of a member's children in the event of the member's death. The cover is automatically included for all employees whose life cover is at least two times their yearly salary. The cover can also be extended to private schooling, depending on the employee's Vitality status, and even to selected overseas universities.

Severe Illness Benefit


Our Severe Illness Benefit provides cover to an insured member who is diagnosed with one of the severe illnesses as defined by Discovery Group Risk. This provides the necessary financial assistance to ensure that the insured member's lifestyle can be maintained or supported. We automatically include severe illness cover for children on the employee's Severe Illness Benefit cover.

Income Continuation Benefit


The Income Continuation Benefit provides an income to employees who are unable to work due to an illness. We also provide the option for the employer to cover a portion of their employees' performance bonus payments earned by the employee before they become injured or ill. It also covers mortgage payments, severe illness cover for spouses and children, Vitality Healthy Living cash back and an Uber benefit to assist with transport.

Our Return-to-Health program


Our Return to Health programme is a vocational rehabilitation programme aimed at getting employees back to work after they suffered an injury, illness, or disability. It is tailored to suit individual needs and designed to help them reach a level of performance so that they can return to work. Employees in the program will earn a starting bonus when they start the programme. If they successfully improve their health, they will get an additional bonus in recognition of their effort and engagement in the programme.

 

Integrate with our Retirement Funds and get more rewards

Selected Group Risk benefits are underpinned by Vitality and Corporate Wellness, which allows employees to receive additional rewards and wellness benefits. This includes our payback benefit, which rewards employees for improved health when they integrate their Group Risk cover with other Discovery products, by paying up to 15% of their premiums back to them. If you integrate Group Risk cover with Discovery Retirement Funds* your employees can get double this payback if they invest it in their retirement savings.

Contact Us

Speak to your financial adviser or contact us on 0860 047 687 or email GroupInfo@discovery.co.za

*Discovery Retirement Funds

Discovery Retirement Funds (the Fund) refer to the Discovery Life Pension Umbrella Fund and Discovery Life Provident Umbrella Fund. All boosts are offered through the insurer, Discovery Life Limited, and only apply to investments in qualifying Discovery funds if held until the retirement date. Early retirement, withdrawals or switches out of qualifying funds will impact the boosts. Discovery Life Limited, registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No NCRCP3555. Discovery Health (Pty) Ltd, registration number 1997/013480/07, is an authorised financial services provider and administrator of medical schemes. Discovery Vitality (Pty) Ltd is an authorised financial services provider, registration number 1999/007736/07. Discovery Life Investment Services Pty (Ltd), registration number 2007/005969/07, branded as Discovery Invest, is an authorised financial services provider. Limits, product rules, terms and conditions apply.

 

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