We've got news for you.

Register on TimesLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Discovery Life rewards Covid-19 vaxxers with Vaccination Max PayBack offer

The insurer's life cover is integrating vaccinations to protect your future health

29 November 2021 - 12:21
Covid-19 vaccines are proven to reduce loss of life.
Covid-19 vaccines are proven to reduce loss of life.
Image: 123RF/milkos

“The health and wellness of South Africans is high on our priority list at Discovery Life,” says the insurer's deputy CEO, Gareth Friedlander. “It is our core purpose to ‘enhance and protect’ as many lives as we can through our range of shared-value life cover offerings.

“One way we’re doing this in relation to Covid-19 is through the newly launched Vaccination Max PayBack offer.

Covid-19 vaccination programmes are well under way; these have been scientifically shown to reduce the infection risk and the severity of ill-health by as much as 95%. Therefore, vaccines are capable of doing exactly what Discovery Life cares about doing most — protecting lives,” he says.

All new clients who take out a qualifying Life Plan with Discovery Life and commit to being vaccinated against Covid-19, thereby reducing their risk of infection, are eligible for the insurer's Vaccination Max PayBack offer.

These clients will receive their maximum possible PayBack of up to 100% of their premiums accrued to their PayBack Fund at the end of the first year of their policies.

All individuals vaccinated against Covid-19 benefit from, and are helping the country to achieve, increased immunity, as well as significantly reducing their chances of being hospitalised or even dying from an infection.

“For us as an insurer, risks are significantly reduced [when our clients are vaccinated]," explains Friedlander. “A healthier client base exhibits lower mortality and morbidity as well as better persistency. When this happens, we can derive insurance savings over a longer time, which we can then give back in the form of PayBacks to generate significant value for clients through their life policies.

“Once more people are vaccinated, communities have a better chance of remaining healthy,” he says. “We will also start experiencing more productive workforces and benefit from a more efficient, active economy. Once the majority of people are vaccinated, there is a greater possibility for communities and the economy to be restored to a healthier and more productive state again.”

This article was paid for by Discovery Life.