High Court upholds Discovery Life’s decision to void policy
The policyholder inflated her earnings and failed to disclose a simultaneous application with another insurer, materially affecting the risk assessment.
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Court ruling highlights discovery dispute in R16-million insurance claim
The High Court has dismissed challenges by a policyholder accused of defrauding Discovery Life of more than R16m in disability and income protection claims.
Discovery delivers strong profit growth, boosts dividend by 38%
The financial services group reports a 17% rise in normalised operating profit to R11.6bn, with strong performance from its South African businesses.
More South Africans embracing offshore life insurance to hedge against rand depreciation, says Discovery
The Dollar Life Plan provides protection against the high cost of specialised medical treatment or studying in a foreign university.
Discovery marketing material ‘misleads’ by inviting multiple claims for each new dread disease
The policy’s limitations show there are circumstances in which a policyholder cannot claim for a dread disease related to a prior claim, the ARB says.
Discovery Life’s claims report: ancillary benefits dominate payouts
Life insurance payouts rose in 2023, while Covid-19 claims fell sharply, indicating the virus’s shift from pandemic to endemic status.
