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We cover your children's education fees if you die, or become ill or disabled. The Global Education Protector from Discovery helps to cover your children's education from crèche to university, locally or abroad.
Cover your child's tertiary education fees by leading a healthy lifestyle
If you don't claim and lead a healthy lifestyle with Vitality, you can get up to 100% of your child's tertiary fees funded. The percentage is based on your children's age when you take out the policy and the benefit option you select.
Options on the Global Education Protector
| Core | Private | Dollar | |
|---|---|---|---|
| Location of education institutions | Local | Local (as well as select Ivy League colleges) | International |
| Tuition and residence* fee maximum (depending on phase of education) | R10 900 to R64 800 pa | R43 600 to R136 250 pa | $5 000 to $25 000 pa |
| Additional annual discretionary lump-sum providing holistic protection | R5 450 to R10 800 pa | R10 900 to R27 000 pa | $1500 to $8 000 pa |
| Cover at Ivy League colleges**, including residence | Up to local tertiary education maximums | Up to $62 700 | Up to $77 700 pa |
| Rewarding bursaries while in claim, with a cash back | Value of bursary up to Core maximums | Value of bursary up to Private maximums | Value of bursary up to Dollar maximums |
| University Funder Benefit, which helps to fund tertiary tuition fees, even if a client does not claim*** | 5% automatically funded upfront with the ability to get up to 50% of a local degree or diploma funded | 10% automatically funded upfront with the ability to get up to 100% of a local degree or diploma funded | 10% automatically funded upfront with the ability to get up to 100% of an international degree or diploma funded |
Under the Dollar option, the maximum payment per phase of education is always made, any amount remaining after the fees have been paid can be used at a client's discretion.
The Child Protector Benefit
Limited local insurance coverage combined with the high costs of medical treatments at international centres of excellence, create hurdles to accessing the treatment your children need. The Child Protector Benefit from Discovery Life offers world-leading protection that covers relevant severe illnesses, including boosted payouts if they require treatment overseas and 100% payouts for all child cancers, comprehensive sports disability and trauma coverage and a unique funeral benefit. With this benefit, you can rest assured that your children can access the most advanced care globally.
Holistically protect your children against the impact of relevant severe illnesses and disabilities
Market-leading protection
Severe illness payouts of between 5% and 100% for conditions in all major body systems. This includes a 100% payout for all child cancers.
Protection for an extensive list of trauma events, from burns to bone fractures, ICU admissions, and more.
Automatic funeral benefit of up to R30 000, at no additional premium.
Globally relevant
Up to 2.5 times4 the insured amount to access the most advanced medical care with the Global Treatment Benefit.
Cancer Exome Sequencing Benefit of up to R35 000 on the Purple Life Plan.
Highest cover
To facilitate access to the most appropriate treatment including international centres of excellence, the Child Protector Benefit provides cover of up to R6.4 million with the Global Treatment Benefit, some of the highest in the world based on a Global study on Child Protection Benefits by SCOR.
Discovery Life Limited. Registration number 1966/003901/06, is a licensed life insurer, an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555. Product rules, terms and conditions apply. Payouts are subject to limits set by Discovery.
* Residence fees will only be covered at a tertiary level | **We will cover a select list of Ivy League colleges, as specified by Discovery | ***This benefit is subject to limits set by Discovery