Discovery's Income Continuation benefit

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

Benefit flexibility

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.

With Discovery's Income Continuation Benefit, your lifestyle is protected if you become disabled or severely ill.

Discovery Life Limited. Registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR registration number NCRCP3555. Product rules, terms and conditions apply.
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