Or find out more about other Discovery Life products:
We will pay your children's education fees when you can't.
The Global Education Protector from Discovery Life helps to cover your children’s education from crèche through to tertiary education, locally or abroad, if something happens to you.
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.
| Core | Private | Dollar | |
|---|---|---|---|
| Location of education institutions | Local | Local (except for 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.
* Residence fees will only be covered at a tertiary level | **We will cover a select list of Ivy League colleges, as specified by Discovery Life | ***This benefit is subject to limits set by Discovery Life
Reasons to consider Discovery Life's Global Education Protector
A good education is one of the best gifts you can ever give your children. With Discovery Life’s Global Education Protector Benefit, your education cover will ensure that they’ll always be provided for and that their future is bright.
Complete cover for your children’s education
This benefit covers the cost of your children’s education until your child receives their first tertiary qualification or turns 24.
Access to a range of schools in South Africa and globally
Our education cover pays for a full range of registered local education institutions from pre-school to tertiary studies, and also provides your children with the option to move to a private school in-claim. Globally we cover the cost of tertiary studies at universities within Discovery's network, including Oxford, Cambridge and Yale.
The University Funder Benefit
Empowered by the Vitality Wellness program, not only does our benefit provide payments if you suffer a qualifying life-changing event, but we also reward you for actively managing your health and wellness. We will fund up to 100%* of your child’s actual University tuition fees for up to three years based on how you engage in Vitality.
Discovery Life Limited is a registered long-term insurer and an authorised financial services provider. Registration number 1966/003901/06.
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