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We cover your children's education fees if you die, become ill or disabled. The Global Education Protector from Discovery Life helps to pay for children's education from crèche to university, locally or abroad.
Fund up to 100% of your children's tertiary education fees by leading a healthy lifestyle.
When you lead a healthy lifestyle with Vitality and don't claim, you can get up to 100% of your children's tertiary fees funded. The percentage is based on your children's age when you take out the policy and the benefit option you choose.
Options on the Global Education Protector
| Core | Private | Dollar | |
|---|---|---|---|
| Location of education institutions | Local | Local (and overseas universities on the Prestigious Universities List) | International |
| Tuition and residence* fee maximum (depending on phase of education) | R16,818 to R66,656 a year | R66,316 to R207,236 a year | $6,600 to $ 32,890 a year |
| Yearly discretionary lump sum, providing holistic protection | R8,409 to R16,664 a year | R16,579 to R41,660 a year | $2,000 to $10,540 a year |
| Cover for attending a university on Discovery's Prestigious Universities List, including residence fees | Up to local tertiary education maximums | Up to $82,450 for tuition *Up to R49,992 for residence |
Up to $102,200 a year |
| Cash back rewards for bursaries while we're paying fees | Value of bursary up to Core maximums | Value of bursary up to Private maximums | Value of bursary up to Dollar maximums |
| University Funder Benefit, which helps to fund tertiary tuition fees, even if a client does not claim** | 5% is automatically funded upfront, with the ability to get up to 50% of a local degree or diploma funded | 10% is automatically funded upfront, with the ability to get up to 100% of a local degree or diploma funded | 10% is automatically funded upfront, with the ability to get up to 100% of an international degree or diploma funded |
* Residence fees are only covered for tertiary education.
** This benefit pays out up to the limits Discovery sets.
Under the Global Education Protector Dollar option, we always pay the maximum amount for each phase of education. The client can use the remaining amount after the fees have been paid as they see fit.
Complete protection for your children
We cover your children's education fees if you pass away, become disabled or diagnosed with severe illness. The Global Education Protector from Discovery Life helps to pay for your children's education from crèche to university, locally or abroad.
Fund up to 100% of your children's tertiary education fees by leading a healthy lifestyle.
When you lead a healthy lifestyle with Vitality and don't claim, you can get up to 100% of your children's tertiary fees funded. The percentage is based on how old your children are when you take out the policy, the benefit option you choose and your Vitality status.
Holistically protect your children against the impact of relevant severe illnesses and disabilities
Market-leading protection
Severe illness payouts of between 5% and 100% for conditions in all major body systems. This includes a 100% payout for all child cancers.
Protection for an extensive list of trauma events, from burns to bone fractures, ICU admissions, and more.
Automatic funeral benefit of up to R30 000, at no additional premium.
Globally relevant
Up to 2.5 times the insured amount to access the most advanced medical care with the Global Treatment Benefit.
Cancer Exome Sequencing Benefit of up to R35 000 on the Purple Life Plan.
Highest cover
To facilitate access to the most appropriate treatment including international centres of excellence, the Child Protector Benefit provides cover of up to R6.4 million with the Global Treatment Benefit, some of the highest in the world based on a Global study on Child Protection Benefits by SCOR.
Discovery Life Limited. Registration number 1966/003901/06, is a licensed life insurer, an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555. Product rules, terms and conditions apply. Payouts are subject to limits set by Discovery.