Protect your income and your financial security
It is essential to have income protection to be ready in case of severe illness, injury or disability. Discovery's life insurance offers you the Income Continuation Benefit, which protects your income if you are no longer able to perform the duties of your job.
The amount of your monthly payout depends on the percentage of your salary you choose to insure, as well as the severity of your illness or disability and the impact that it has on your ability to generate an income.
On temporary disability
You can receive up to 100% of your income (after tax) for up to two years if you become temporarily disabled.
On permanent disability
If you become permanently disabled, your monthly benefit amount will be upgraded to 100% of your income (after tax) until your selected benefit expiry age. If you have insured less than 40% of your income, your benefit will be automatically upgraded to 2.5 times your insured amount.
Reasons to consider Discovery's Income Continuation Benefit
Our Income Continuation Benefit allows you to choose how long you're covered for - until the age of 60, 65, 70 or for your whole life.
Cover for retrenchment
If you get retrenched, or if your business gets liquidated, we'll pay up to 100% of your contributions and premiums for your Discovery products for up to six months.
Protection for daily travel
Our Transport Protector gives you access to Uber rides to the value of up to R5 000, for up to 60 days after becoming disabled.
Comprehensive lifestyle protection
If you become permanently disabled, you'll receive an additional payment equal to three times your average HealthyLiving cash back prior to becoming disabled, every month until your benefit expires.
Your insurance and retirement
savings are protected
The Contribution Protector covers up to 100% of your Discovery contributions and premiums if you become temporarily disabled.
Protection for your family
Our Family Protector provides you with 100% of your insured amount for up to six months if your spouse or children suffer a severe illness. You will also receive a payout of 100% if your spouse passes away. This allows you to take time off work to care for your family without losing income.