Highlights
- 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
- Discovery covers tuition fees for universities listed on the Prestigious Universities List
Discovery Life Unveils Comprehensive Global Education Protector
In an era where education expenses continue to climb, Discovery Life has introduced a groundbreaking initiative designed to secure the educational future of children across the globe. The Global Education Protector offers unparalleled coverage, ensuring that young minds, from crèche to university, whether locally or abroad, receive the financial support they need in the event of a parent’s untimely demise, illness, or disability.
This innovative policy is not only safeguarding educational pursuits but also incentivizing healthy living. By maintaining a healthy lifestyle through Discovery’s Vitality program and minimizing claims, policyholders can fund up to 100% of their children’s tertiary education fees. The percentage funded is contingent upon the child’s age and the chosen benefit option at the policy’s inception.
Tailored Options for Diverse Needs
The Global Education Protector provides flexible plans, namely Core, Private, and Dollar options, catering to varying educational needs and financial capacities. These plans cover tuition and residence fees, with maximum annual limits ranging from R17,996 to $34,870, depending on the educational phase and the option selected.
Committed to comprehensive protection, Discovery covers tuition fees for universities listed on the Prestigious Universities List, with potential funding reaching up to $105,280 annually for international education institutions under the Dollar option.
The University Funder Benefit further enhances this offering by funding up to 50% of local degrees or diplomas, even if no claims are made, with automatic upfront funding of 5% to 10%, depending on the selected plan.
Holistic Protection with Additional Benefits
Further fortifying its value proposition, Discovery Life’s offering includes protective benefits against severe illnesses and disabilities. The plan provides substantial payouts for conditions affecting major body systems, with 100% coverage for child cancers. Additionally, an automatic funeral benefit, valued up to R30,000, is included with no extra premium.
For those requiring global medical care, the policy offers up to 2.5 times the insured amount through the Global Treatment Benefit, facilitating access to advanced medical treatments at international centers of excellence. The Child Protector Benefit offers coverage up to R6.4 million, ensuring access to the most appropriate treatment worldwide.
Discovery Life’s unwavering commitment to education and wellness renders the Global Education Protector an essential consideration for families prioritizing educational security amidst life’s uncertainties. Those interested are encouraged to consult with financial advisors or utilize Discovery’s call-back service for personalized guidance.
For more details, prospective clients can visit Discovery Life’s official website to explore the Global Education Protector and other related life insurance products designed to meet a range of personal and business needs.
