Discovery Life changed the face of South African life assurance by changing the fundamentals of life assurance products. We moved away from the traditional combination of risk and investment and embraced a structure focusing on risk only. This approach meets the consumer's needs through innovative new benefits. The movement to risk-only products has saved consumers more than a billion rand.
Company Press Releases »
Weaker rand sparks renewed interest in hedged life insurance 03 Oct 06 | Read More » The sharply weaker rand has sparked renewed interest in life insurance policies that are hedged against falls in the local currency. Herschel Mayers, Chief Executive Officer of Discovery Life, says that the idea of being able to hedge falls in the rand by linking a payout ...
Discovery unveils Pick ‘n Pay as new anchor partner for Discovery credit card 20 Sep 06 | Read More » - Pick ‘n Pay to be DiscoveryCard partner from 1 January 2007
- Other partners being added include Nando’s, Stuttafords and Altech Netstar
Discovery is pleased to announce the signing of Pick ‘n Pay as the new DiscoveryCard anchor partner, effective ...
Life, Health and UK operations continue to drive growth at Discovery 05 Sep 06 | Read More » Maiden dividend of 27 cents a share
Strong growth in Life, Health
Strong growth at PruHealth
Action taken to address losses in Destiny Health
Discovery Holdings enjoyed another year of excellent growth, characterised by another solid performance by Discovery Health, ...
Beyond bancassurance - Discovery Life's view 14 Aug 06 | Read More » In the 1990s, bancassurance was seen as the way forward for life companies to grow their books and build market share. The idea was a simple one: life companies would take advantage of their relationships with banking groups to sell product through the banks’ branch ...
The term unitisation refers to assets pooled and owned by more than one person or entity. These persons or entities are the investors and each owns an apportioned part of the pooled assets. The pool of assets is called a unitised portfolio. Segregated portfolios are the opposite of unitised portfolios.