For a limited time, when you take out a Global Education Protector, Discovery Life will immediately guarantee a minimum amount of funding towards your children’s tertiary tuition fees, of up to 33% through the University Funder Benefit. Find out more about this special offer.
As a parent, you don’t need to be reminded about the importance of planning and saving for your children’s education. With the increasing cost of education, parents all over the country are looking for ways to fund for their children’s education and ensure that it is protected.
The guaranteed percentage that will be funded is based on your children's age when you take out the policy and on the benefit selected. In addition, by engaging in Vitality, you can increase the amount of your child’s tertiary education fees that we will fund to up to 100% (depending on the benefit you select). This will give you the added advantage to ensure your children are always ahead of the curve!
With the growing challenges currently facing funding for education, existing education protection mechanisms fall short in accurately matching these evolving needs. Discovery Life’s innovative Global Education Protector is designed to meet these challenges by not only protecting your children at every stage of their education journey, but also allowing you to get up to 100% of their tertiary education funded, even if you don’t claim, by simply leading a healthy lifestyle. With the new Global Education Protector product range from Discovery Life, you can select from a number of different benefit options, which provide the same key benefits at different levels of cover. This ensures that you are comprehensively protected according to your unique needs.
A range of options to meet the needs of every family
To ensure you are protected according to your children’s needs, you can select from our Core or Private Global Education Protector benefits, providing the same key benefits but at different levels of cover.
You have the option to choose whether you want to be covered for disability, severe illness and death, or only for death. You can also choose whether or not to protect your children’s education on these events happening to your spouse as well.
All benefit options automatically include cover for:
- Tuition and tertiary residence fees
- An annual lump sum to assist with any other education related expenses through the Discretionary Lump Sum Benefit
- An additional payout should your child receive a bursary while the benefit is in-claim, through the Bursary Cashback Benefit.
If you are a member of the Vitality programme, you could also qualify for the University Funder Benefit. This benefit funds up to 100% of your children’s tertiary education fees on the Private Global Education Protector, and up to 50% on the Core Global Education Protector, subject to a maximum.