Your step-by-step

update to a wealth
of exciting benefits
Policy number: 5131278313

Your Classic Life Plan will reach its anniversary on

1 January 2021.
This document contains information about your policy anniversary,
including your new benefit and premium amounts, financial rewards and
how you can keep your Life Plan current.

Discovery Life Limited. Registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555.

HOME YOUR COVER REWARDS FOR YOUR FINANCIAL YOUR PREMIUMS KEEPING YOUR LIFE WHAT'S NEW COMPREHENSIVE
HEALTHY LIVING REWARDS TIMELINE PLAN UP TO DATE AT DISCOVERY ANNIVERSARY LETTER
 A summary of your main risk benefits is illustrated below. You might also be covered for additional benefits. Your cover is adjusted annually
by your selected increase percentage of 3%*, as well as the Integrated Cover Adjustment .

R4.2 million R3.7 million R1.6 million R30,827

Life Capital Severe Income Continuation
Cover Benefit Disability Benefit Illness Benefit Benefit

Your cover will amount to R4,233,304 Your cover will amount to R3,704,141 Your cover will amount to R1,587,489 Your cover will amount to
R30,827 on temporary disability.
Your cover will upgrade to
R32,011 on permanent disability.

*Some of your benefits may adjust at a rate that is different from the benefit increase percentage selected for your Life Fund.
Please refer to the benefit table section in the comprehensive anniversary letter for more information.
Discovery Life Limited. Registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555.

HOME YOUR COVER REWARDS FOR YOUR FINANCIAL YOUR PREMIUMS KEEPING YOUR LIFE WHAT'S NEW COMPREHENSIVE
HEALTHY LIVING REWARDS TIMELINE PLAN UP TO DATE AT DISCOVERY ANNIVERSARY LETTER
 PayBack Cash Conversion

Through the Health Integrator, you will receive a portion of your Discovery Life Plan premiums Manage your health and wellness and receive cash back in
back during your policy term as a reward for managing your health and wellness. Only positive retirement to supplement your retirement with the Cash
amounts will be paid at the end of the period. Conversion benefit. These payments do not reduce your risk
protection.
You can increase your PayBack percentage to 45% by managing
Total PayBack: 50% your health and wellness through improving your Vitality status.

Annual Guaranteed PayBack: 7.5% Surplus PayBack: 42.5%

You have the You have the

5% 10%
Bringing your Default Cash Conversion Default Cash Conversion

R2,501 R14,170 Surplus PayBack

fund to
on your Cover
Integrator Fund.
on your Financial
Integrator Fund.
accumulated
payable in
January 2021
this year. R27,632.
This fund is payable
Total PayBack
in January payments
2024 paid to date

R2,376

Discovery Life Limited. Registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555.

HOME YOUR COVER REWARDS FOR YOUR FINANCIAL YOUR PREMIUMS KEEPING YOUR LIFE WHAT'S NEW COMPREHENSIVE
HEALTHY LIVING REWARDS TIMELINE PLAN UP TO DATE AT DISCOVERY ANNIVERSARY LETTER
Your financial rewards timeline

PayBack
January January January January January January January January January January
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Age 35 36 37 38 39 40 41 42 43 44

Annual Guaranteed PayBack R2,729 R2,937 R3,166 R3,419 R3,699 R4,008 R4,350 R4,729 0 0
+ +
Projection scenarios Surplus Surplus
PayBack PayBack
Bronze Vitality status throughout the period R42,353 R33,673
Diamond Vitality status throughout the period R71,603 R99,477

Assumptions: CPI = 5% p.a.; The Integrator matrices remain unchanged; Principal Vitality Rating class = Standard Standard; Annual qualifying Discovery Health Claims as stated in the comprehensive anniversary letter;

Disclaimer: The projected values are not guaranteed, exclude the impact of servicing changes, PayBack penalties, Special Offers and future claims. They are based on the values as at the last policy anniversary, which may differ to your
actual experience over the period. Payments will only be made if the respective benefits are in force at the payment due date. Discovery Life is an authorised financial services provider. Registration number 1966/003901/06.

HOME YOUR COVER REWARDS FOR YOUR FINANCIAL YOUR PREMIUMS KEEPING YOUR LIFE WHAT'S NEW COMPREHENSIVE
HEALTHY LIVING REWARDS TIMELINE PLAN UP TO DATE AT DISCOVERY ANNIVERSARY LETTER
 By linking your Classic Life Plan with You have the opportunity to retain your
your other Discovery products, you full Vitality Rating discount of 12.50%
received an upfront premium discount, on your qualifying benefits if your health
Your total with the ability to maintain or increase metrics have improved since the last
monthly premium that discount by managing your health time you completed your Vitality Health
and wellness through engaging in Vitality. Checks. Please speak to your financial
will be R3,191.20
Please refer to the comprehensive adviser for more information.
from
anniversary letter attachment for more
1 January 2021 information.

Discovery Life Limited. Registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555.

HOME YOUR COVER REWARDS FOR YOUR FINANCIAL YOUR PREMIUMS KEEPING YOUR LIFE WHAT'S NEW COMPREHENSIVE
HEALTHY LIVING REWARDS TIMELINE PLAN UP TO DATE AT DISCOVERY ANNIVERSARY LETTER
 We are continually improving and enhancing our benefits.
Please remember that these changes are not automatically
added to your policy and therefore you may qualify to
upgrade your benefits to the latest version. Update your details
Below is a benefit on your policy that is not on the latest
version.
Principal Life assured Increase your cover without underwriting
Severe Illness Benefit
The upgrade must be discussed with your financial adviser Supplement your retirement savings through the Buy-up
for a detailed analysis and advice on the implications Cash Conversion Benefit.
thereof, as such upgrades may or may not be suitable to
your specific financial needs.

Discovery Life Limited. Registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555.

HOME YOUR COVER REWARDS FOR YOUR FINANCIAL YOUR PREMIUMS KEEPING YOUR LIFE WHAT'S NEW COMPREHENSIVE
HEALTHY LIVING REWARDS TIMELINE PLAN UP TO DATE AT DISCOVERY ANNIVERSARY LETTER
 Discovery's core purpose is to make people healthier
and enhance and protect their lives. In line with our core
purpose, we bring you the latest innovations from Discovery.

New product innovations Financial rewards Claims payments

Discovery revolutionised life insurance by rewarding To date we have paid over R6.8 billion in PayBacks, During 2019, we paid R4.8 billion to claimants, bringing
our clients for living well. With the recently launched with R1.2 billion paid in 2019 alone. By 2035, we expect Discovery Life’s total claims payouts up to over R31.3
Double PayBack option, clients can get up to 100% of PayBacks will be as much as half of what we pay to billion paid by the end of 2019. These payouts span
their premiums back. In addition, the Vitality Premium clients through risk claims. In addition to PayBacks, a wide variety of risk benefits including death, illness,
Leveller is a first in premium sustainability during Discovery Life rewards clients with significant value disability, income protection, education protection
retirement. It allows clients to reduce their premium through Cash Conversions, the Income Continuation and funeral cover, as well as other risk protection for a
increases in retirement based on Vitality engagement Fund and the University Funder benefits, among others. comprehensive suite of options.
both before and during retirement. In response to
the COVID-19 pandemic, Discovery Life enhanced the
Severe Illness Benefit which now includes the Multi-
organ Benefit, a market-first acute multi-organ claims
category that considers the overall impact of an illness
across multiple body systems. Discovery Life has also
moved into estate protection with the Discovery Estate
Preserver which supplements the services offered by
Discovery Wills and Trust Services to ensure that clients’
families are comprehensively protected against the
legal costs and administration associated with death.

Discovery Life Limited. Registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555.

HOME YOUR COVER REWARDS FOR YOUR FINANCIAL YOUR PREMIUMS KEEPING YOUR LIFE WHAT'S NEW COMPREHENSIVE
HEALTHY LIVING REWARDS TIMELINE PLAN UP TO DATE AT DISCOVERY ANNIVERSARY LETTER
 CLICK HERE TO VIEW

Discovery Life Limited. Registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555.

HOME YOUR COVER REWARDS FOR YOUR FINANCIAL YOUR PREMIUMS KEEPING YOUR LIFE WHAT'S NEW COMPREHENSIVE
HEALTHY LIVING REWARDS TIMELINE PLAN UP TO DATE AT DISCOVERY ANNIVERSARY LETTER