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CONTENTS
1 DiscoveryInsureClassicPlanvsSantamMultiplex 01
2 Discovery Insure Classic Plan vs Mutual & Federal Allsure 11
3 DiscoveryInsureClassicPlanvsAlexanderForbesPriceless 21
CLASSIC PLAN
4 DiscoveryInsureExecutivePlanvsAlexanderForbesEnvoy 31
5 DiscoveryInsureExecutivePlanvsCIBVertex 41
6 DiscoveryInsureExecutivePlanvsEchelon 51
EXECUTIVE PLAN
7 DiscoveryInsureEssentialPlanvsOutsurance 61
ESSENTIAL PLAN
Discovery Insure competitor comparison
ThepurposeofthisdocumentistoprovidefinancialadviserswithexamplesshowinghowDiscoveryInsure’sproductofferingcomparestootherproductsavailableinthemarket.TheSouthAfricanshort-terminsurancemarketishighlycompetitive,withinsurerscontinuallychangingtheirproductofferingstogiveclientsmorechoice.WhencomparingaDiscoveryInsurePlantoanotherproduct,itisimportanttousethemostrecentcompetitorpolicyscheduleandpolicywordingaswellasthemostrecentDiscoveryInsurequote,scheduleandPlanGuide.Theinformationonwhichthecomparisonsinthisdocumentarebasedwasobtainedduring2013,anditmaynolongerapplyatthetimeofyourcomparison.
Thisdocumentisforinternaluseonly
DiscoveryInsuremaynotbeheldliableforanymisrepresentationscontainedherein.Intheeventofaconflictofinformationandbenefitsprovidedinthisdocument,thecurrentDiscoveryInsurePlanGuideruleswillapply.
Pleasenotethecomparisonsinthisdocumentarenotcomprehensiveandfocusonkeycover,featuresandbenefitsonly.
1 | DISCOVERYINSURE
Rewardssummary
Discovery Insure: Classic Plan Santam: Multiplex
Rewards
VitalitydriveClientscanearnuptoR750inBPfuelrewardseachmonth
LiveTrackClientscanearnupto20%ofpremium,afteroneyear(forexample,uptoR200eachmonthafteroneyear,basedonanaveragemonthlymotorpremiumofR1000)
Clientsarerewardedfordrivingbehaviour,knowledgeandawareness,andvehiclesafety Clientsarerewardedfordrivingbehaviouronly
Excess Funder Account (EFA)
Upto10%ofcarpremiumfromthestartoftheplan,basedonVitalitydrivestatus,ispaidintotheirEFA(forexample,uptoR100eachmonthfromthestartoftheplan,basedonanaveragemotorpremiumofR1000eachmonth)ClientscanalsodoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirEFA,uptoR1500
Nocomparablebenefit
Young Adult Plan rewards
Youngadultsget25%ofpremiumplusuptoR200permonthaftereverysixmonths(forexample,uptoR2700everysixmonthsfrominception,basedonanaveragemotorpremiumofR1000eachmonth)
Nocomparablebenefit
Tiger Wheel & Tyre discounts 10%discountatstores Nocomparablebenefit
Costandcarhiresummary Discovery Insure: Classic Plan Santam: Multiplex
Incentive-based rewards programmeVitalitydriveR55eachmonth
LiveTrack
Tracking device
Providedatnoextracostandinstalledatatimeandplacewhichisconvenientfortheclient
R162.50eachmonthforthefirstthreeyears,andR39eachmonththereafter.InstallationisfreeClienthastophoneSantamoncethedevicehasbeeninstalled
Contractual obligations NoneContracttermisthreeyearsContractisenteredintowiththetrackingcompany
Car hire Providedatnoextracost Providedatanextramonthlycost
01 DISCOVERY INSURE CLASSIC PLAN COMPARED TO SANTAM: MULTIPLEX
DISCOVERYINSURE| 2
Basicexcessstructuresummary
Discovery Insure: Classic Plan Santam: Multiplex
MotorR2750
R2500Noexcesswherevehicleislessthan 12monthsoldfromregistration
Windscreenrepairs R0 R0
Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R0 R2500
Buildings and household contents R750 R500
Geysers,fire,hail,lightning,explosion,storm,water,snow,flood,earthquake,maliciousdamage
R0 R500
Pensioners R0if55yearsorolderandretired R0if55yearsorolder
Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses,(forexampleonMultiplexthereisanadditionalexcessofR2000ifthedriverhashadtheirlicenseforlessthantwoyearsorR1000if
thedriverisyoungerthan25yearsold.)Excessbuy-downoptionsarestatedonplanschedulesandDiscoveryInsureVitalitydriveclientsalso benefitfromtheirExcessFunderAccountsintheeventofamotorclaim,whichisnotincludedinthissummary.
Otherkeyfeatures
Discovery Insure: Vitalitydrive Santam: LiveTrack
Motor safety
Stolenvehiclerecovery √ √
Insurertakesresponsibilityforworkingconditionofdevice √ x
ImpactAlert √ Not clear
Tripreports √ Availableoptionatextracost
Real-timelocation √ Not clear
Batteryandignitiontampering √ Not clear
Earlyweatherwarnings √ x
Geozones(preferredarea) √ Availableoptionatextracost
Emergencymedicalroadsideassistance √ Availableoptionatextracost
Panicbutton √ Availableoptionatextracost
Speedlimitviolationalert X Availableoptionatextracost
Note: MotorsafetyfeaturesmaybeavailableseparatelyfromtheSantamMultiplexpolicyoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.
3 | DISCOVERYINSURE
Discovery Insure: Vitalitydrive Santam: LiveTrack
Motor product
Write-offaccelerator √ x
Retailvaluebooster √ x
Household contents
Noaverageguarantee √ x
Portable possessions
Estimatedmaximumloss √ x
FastTrackclaims √ x
All non-motor sections of cover
Xpressassessing √ x
Whathappenswhenaclienthasaclaim?
Discovery Insure: Vitalitydrive Santam: LiveTrack
Impactofclaiming ClientcanloseVitalitydriverewardsofuptoamaximumofR100eachmonthforamotorclaim only
TheeffectofclaimingonpossibleLiveTrackrewardsisnotclear
Claimsexperiencemayaffectpremiumsatplananniversary
Claimsexperiencemayaffectpremiumsatplananniversary
BothDiscoveryInsureandSantamapplydiscountsforclaim-freeyearswhendeterminingtheoriginalpremiumatthestartofthepolicy.
Multibonusclientshavetoinsureboththeirhomesandvehiclesunderthispolicyandcangetupto20%oftheirfirstyear’spremiumsbackiftheyremainclaim-freefortwoyearsandafurther20%ofthepreviousyear’spremiumsforeveryclaim-freeyearafterwards.BasedonanaveragetotalmonthlypremiumofR1500,thisisequaltoR300permonth,butonlypayableasa12-monthlumpsum,aftertwoyears(effectivelyR150permonthafter24monthsifclientremainsclaimfree).Afterthat,theclienthastoremainclaimfreeforafurther12months,togetmorerewards.
MultibonusclientscanalsochooseLiveTrackontheirpolicies.
Cover summaryAccidentaldamagecoverDiscoveryInsureprovidesaccidentaldamagecoverautomaticallyunderbuildingscover.Santamprovidesthisasanoptionalbuy-up.Underhouseholdcontentscover,DiscoveryInsureprovidesaccidentaldamagecoverforaudiovisualequipmentandglass,includingdamagecausedbypowersurges.DiscoveryInsurealsogivesclientstheoptiontopurchasecomprehensiveaccidentaldamagecoverunderhouseholdcontents.Santamprovidesaccidentaldamagecoverintheirstandardproductformirrors,glass,wildbaboonsandmonkeys,withanoptionalbuy-upforcomprehensiveaccidentaldamage.
Carhire
DiscoveryInsureprovidescarhireforupto30daysaspartofourstandardofferingandtheoptiontoextendcarhiretoupto60days.ClientswhochoosenottotakecarhireatclaimsstagecanchoosetoreceiveR100eachdayfortheperiodinwhichcarhirewasnottaken.Santamprovidesoptionalcarhirefor30daysonly.
01 DISCOVERY INSURE CLASSIC PLAN COMPARED TO SANTAM: MULTIPLEX
DISCOVERYINSURE| 4
Benefitlimitcomparison
Discovery Insure: Classic Plan Santam: Multiplex
General
Claimspreparationcosts R5000 R1000
Jewellery,artandcollectableitems R5000foreachitem,setorpairwherenovaluationcertificateisprovided R10000foreachitem
Motor vehicles, motorcycles, caravans and trailers
Carhire Upto30daysincludedandtheoptiontobuyupto60days 30days(optionalbuy-up)
Creditshortfall R250000(optionalbuy-up) Optionalbuy-up
Emergencyrepairs R5000 R5000
Keys,locksandremotecontrolunits R5000 R2500
Recoverycostsfollowingtheftorhijack R5000 R5000
Repatriation R10000 R25000
Thirdpartyliability R10000000 R5000000
Towingandstoragefollowingaccident
Unlimited(whenarrangedandauthorisedthroughourcallcentre)R2000(whennotarrangedandauthorisedthroughourcallcentre)
Reasonablecosts
Trauma coverFoursessionsforeachfamilymemberincludingdomesticemployeesinany12-monthperiod
R5000
Buildings
Accidentaldamage R20000 Optionalbuy-up
Breakageofglassandsanitaryware R5000peritemuptoR40000foreachclaim Reasonablecosts
Damagetogardens R10000 R5000
Emergencyaccommodation R3000 R5000
Keys,locksandremotecontrolunits R5000 Noinformationavailable
Rentandalternativeaccommodation 20%ofsuminsured 25%ofsuminsured
Removaloffallentrees R3000 R3000
Publicsupplyormainsconnection Reasonablecosts Reasonablecosts
Publicauthoritiesrequirements Reasonablecosts Noinformationavailable
Firebrigadecharges Reasonablecosts Reasonablecosts
Debrisremoval,demolitionandprofessionalfees Reasonablecosts Coveredasperpolicyschedule
Securityguards 48hours R5000
Swimmingpoolfiltersandboreholepumps R20000 Optionalbuy-up
5 | DISCOVERYINSURE
Discovery Insure: Classic Plan Santam: Multiplex
Household contents
Theftorattemptedtheftwithoutviolentandforcibleentry:Jewelleryandwatchesnotinuseandnotinasafe
R20000foreachitem Noinformationavailable
Theftorattemptedtheftwithoutviolentandforcibleentry:Domesticoutbuildings
R5000 Thegreaterof2%ofsuminsuredorR5000
Accidentaldamage:Powersurge R20000 Optionalbuy-up
Accidentaldamage:Televisionsetsandglass Item sum insured Optionalbuy-up
Accidentaldamage:Optionalbenefitifselected Upto20%ofsuminsuredperclaim R3000(optionalbuy-up)
Businessequipmentandstock-in-trade R50000 Optionalbuy-up
Coverinsideabuildingorofficewhereyouareemployed R5000
CoveredasperpolicyscheduleTheftorattemptedtheftlimitedtoamountorpercentage(whicheverisgreater)asshowninschedule
Atanyregisteredfurniturestoragedepot Includeduptosuminsured Coveredasperpolicyschedule
Fridgeandfreezercontents R5000:limitedtotwoeventsinany24-monthperiod Thegreaterof2%ofsuminsuredorR5000
Giftsatdwellingforspecialevents R5000 Noinformationavailable
Goodsintheopen R10000 Thegreaterof2%ofsuminsuredorR5000
Groceriesandhouseholdgoodsintransit R5000 Coveredifspecifiedunderallrisks
Keys,locksandremotecontrolunits R5000 R2000
Lossofwaterfromleakingpipes R5000:limitedtotwoseparateeventsinany12-monthperiod R1000
Personal documents R2000 R1000
Personaleffectsofguestsordomesticemployees R5000 Thegreaterof2%ofsuminsuredorR5000
Rentandalternativeaccommodation 20%ofsuminsured 25%ofsuminsured
Firebrigadecharges Reasonablecosts Reasonablecosts
Securityguards 48hours R5000
Trauma coverFoursessionsforeachfamilymemberincludingdomesticemployeesinany12-monthperiod
R5000
Portable possessions
Generalclothingandpersonaleffects 20%ofthesuminsuredwithamaximumofR10000foreachitem,pairorset R2000
Personal documents R2000 Coveredifspecifiedunderallrisks
01 DISCOVERY INSURE CLASSIC PLAN COMPARED TO SANTAM: MULTIPLEX
DISCOVERYINSURE| 6
Discovery Insure: Classic Plan Santam: Multiplex
Watercraft
Creditshortfall R250000(optionalbuy-up) Noinformationavailable
Emergencyandrescueexpenses R5000 Coveredasperpolicyschedule
Thirdpartyliabilityforeachevent R2000000 Coveredasperpolicyschedule
Skiersorwatercraftliabilityfor eachevent R2000000 Coveredasperpolicyschedule
Personal legal liability
Liabilitiestootherparties R2500000withoptiontobuy-upR5000000(withoptiontobuy-up)R10000000R20000000
Fraudulentuseofcashandcreditcards R3000fora12-monthperiod R5000
Full-houseorhole-in-one(foreachevent) R2000 R2000
Medicalexpensesofguestsanddomesticemployees R5000 R5000
Tenant’sliability R1000000 R5000000
Wrongfularrest R50000 R100000
Excesscomparison
Discovery Insure: Classic Plan Santam: Multiplex
Motor vehicle
Basicexcessintheeventofcollisionincludingwrite-offandemergencyrepair
R2750R2500Noexcesswherevehicleislessthen12months oldfromregistration
Basicexcesswhenthedriverofthevehicleis55yearsorolderandapensionerorretired
R0 R0
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 R2500
Basicexcess:Windscreenreplacement R750 R500
Basicexcess:Windscreen(whenthePlanholderis55yearsorolderandapensionerorretired)
R0 R0
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units
R750(excludingtheftorhijacking)R0if55yearsorolderandretired
R250R0if55yearsorolder
7 | DISCOVERYINSURE
Discovery Insure: Classic Plan Santam: Multiplex
Theftofspecifiedextrasoundequipment
R750R0if55yearsorolderandretired
R0R0if55yearsorolder
IncorrectuseofvehicleshowninthePlanSchedule Extra20%ofclaim Noinformationavailable
Motor cycle
Basicexcess:Intheeventofacollision,includingwrite-off R2750 R1000
Basicexcess:Whenthedriverofthemotorcycle is 55 years or older and a pensionerorretired
R0 R0
Theft,hijacking,fire,lightning,explosion,storm,water,snow,flood,earthquakeormaliciousdamage
R0TheftorhijackingR350
Off-roaduse ExtraR5000(two-wheelmotorcycle) R500
Basicexcess:QuadbikesSuminsuredaboveR10000:R2750andSuminsuredbelowR10000:R750R0if55yearsorolderandretired
R500
R0if55yearsorolder
Basicexcess:WindscreenreplacementR750R0if55yearsorolderandretired
R1000R0if55yearsorolder
WhenthePlanholderis55yearsorolderandapensioner R0 R0
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units R750(excludingtheftorhijacking) R250
IncorrectuseofvehicleshownonthePlanSchedule Extra20%ofclaim Noinformationavailable
Caravan and trailer
Basicexcess:Intheeventofcollision,includingwrite-off R750 R250
Basicexcess:Driverofmotorvehicletowingthecaravanortraileris55yearsorolderandapensionerorretired
R0 R0
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0R250R0foraccidentaldamageduetotheft orhijacking
Lossofordamagetokeys,locksandremotecontrolunits(notapplicablefollowingtheftorhijacking)
R750R0if55yearsorolderandretired
R250R0if55yearsorolder
IncorrectuseofvehicleshownonthePlanSchedule Extra20%ofclaim Noinformationavailable
Buildings
Basicexcessintheeventoftheftorattemptedtheft R750 R500
01 DISCOVERY INSURE CLASSIC PLAN COMPARED TO SANTAM: MULTIPLEX
DISCOVERYINSURE| 8
Discovery Insure: Classic Plan Santam: Multiplex
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 R0
Fire,lightning,explosion,water,hail,storm,snow,flood,earthquakeormaliciousdamage
R0 R500
SubsidenceandlandslipR5000(limitedandcomprehensive)R0if55yearsorolderandretired
R2500R0if55yearsorolder
Keys,locksandremotecontrols(notapplicableintheeventoftheft)
R750R0if55yearsorolderandretired
NocomparableexcessR0if55yearsorolder
Swimmingpoolfiltersandboreholepumps
R750R0if55yearsorolderandretired R0if55yearsorolder
BreakageofglassandsanitarywareR750R0if55yearsorolderandretired
R500R0if55yearsorolder
Household contents
Basicexcess R750 R500
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 R0
Theftorattemptedtheftwithvisiblesignsofforcedentry R0 R500
Fire,explosion,storm,water,hail,snow,lightning,flood,earthquakeormaliciousdamage
R0 R500 R1000(lightningdamage)
Keys,locksandremotecontrolsR750(excludingtheft)R0if55yearsorolderandretired
R250R0if55yearsorolder
Businessequipmentandstock-in-trade
R750R0if55yearsorolderandretired
NocomparableexcessR0if55yearsorolder
AccidentaldamageandpowersurgeR750R0if55yearsorolderandretired
R500R0if55yearsorolder
SubsidenceandlandslipR5000(ifselected)R0if55yearsorolderandretired R0if55yearsorolder
GoodsinstorageR1000R0if55yearsorolderandretired R0if55yearsorolder
Portable possessions
Basicexcess:Generalclothingandpersonaleffectsandspecifieditems R750
Specifiedarticles:R500Mobilecommunicationdevices:R350Generalclothingandpersonaleffects:R250
9 | DISCOVERYINSURE
Discovery Insure: Classic Plan Santam: Multiplex
Basicexcess:WhenthePlanholderis55yearsorolderandapensioner R0 R0
Bicyclesandwheelchairs PedalcycleswithavalueoverR30000:R2500 R100
Theftfromanunattendedvehiclewithoutvisible,violentandforcibleentryintothevehicle
Planexclusion Noinformationavailable
Watercraft
Basicexcess:Intheeventofcollision,includingwrite-offandoutboardmotorsdroppingoff
R2750
Poweredcraft(excludingjetskiandwetbikes)-inlanduse:Greaterof1.5%ofsuminsuredorR500Poweredcraft(excludingjetskiandwetbikes)-coastalandsurflaunched:Greaterof2%ofsuminsuredorR500Non-poweredcraft(includingwindsurfersandcanoes):Greaterof1%ofsuminsuredorR250Jetskiorwetbikes:Greaterof2.5%ofsuminsuredorR1500
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheSantamMultiplexPolicySchedule.
Thiscomparisonwasdonebasedontheinformationgatheredfromthesourcesstatedbelow.Atthetimeofthecomparison,notallthespecificdetailsneededtocompletethispartofthecomparisonwereavailable.
SourcesSantamPolicyWordingSantamMultiplexPolicySchedulesSantamMultiplexApplicationFormwww.santam.co.za
01 DISCOVERY INSURE CLASSIC PLAN COMPARED TO SANTAM: MULTIPLEX
10 | DISCOVERYINSURE
Rewardssummary
Discovery Insure: Classic Plan Mutual & Federal: Allsure
Rewards
VitalitydriveClientscanearnuptoR750inBPfuelrewardseachmonthClientsarerewardedfordrivingbehaviour,knowledgeandawareness,andvehiclesafety
Nocomparablebenefit
Excess Funder Account (EFA)
Upto10%ofmonthlypremium,fromthestartoftheplan,basedonVitalitydrivestatusispaidintotheirEFA(forexample,uptoR100eachmonthfromthestartoftheplan,basedonanaveragemotorpremiumofR1000eachmonth)ClientscanalsodoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirExcessFunderAccount,uptoR1500
Nocomparablebenefit
Young Adult Plan rewards
Youngadultsget25%ofpremiumplusuptoR200permonthaftereverysixmonths(forexample,uptoR2700everysixmonthsfrominception,basedonanaveragemotorpremiumofR1000eachmonth)
Nocomparablebenefit
Tiger Wheel & Tyre discounts 10%discountatstores Nocomparablebenefit
Costandcarhiresummary Discovery Insure: Classic Plan Mutual & Federal: Allsure
Incentive-based rewards programmeVitalitydriveR55eachmonth
Nocomparablebenefit
Tracking deviceProvidedatnoextracostandinstalledat atimeandplacewhichisconvenientfor theclient
Nocomparablebenefit
Contractual obligations None Notapplicable
Car hire Providedatnoextracost Providedatanextramonthlycost
02 DISCOVERY INSURE CLASSIC PLAN COMPARED TO MUTUAL & FEDERAL: ALLSURE
DISCOVERYINSURE| 11
Basicexcessstructuresummary
Discovery Insure: Classic Plan Mutual & Federal: Allsure
MotorR2750
DependsonthevalueofcarLowestbasicexcessisR2750
Windscreenrepairs R0 R0
Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R0 Basicexcessdependsonthevalueofcar
(minimumR2750)
Buildings and household contents R750 R500
Geysers,fire,hail,lightning,explosion,storm,water,snow,flood,earthquake,maliciousdamage
R0 R500
Pensioners R0if55yearsorolderandretired R0ifretiredandnotgainfullyemployed
Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses,(forexampleonAllsureonadditionalexcessofR1000appliestodriversyoungerthan25years.)Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureVitalitydriveclientsalsobenefitfromtheirExcessFunderAccountsintheeventofamotorclaim,whichisnotincludedinthissummary.
Otherkeyfeatures
Discovery Insure: Vitalitydrive Mutual & Federal: Allsure
Motor safety
Stolenvehiclerecovery √ x
Insurertakesresponsibilityforworkingconditionofdevice √ x
ImpactAlert √ x
Tripreports √ x
Real-timelocation √ x
Batteryandignitiontampering √ x
Earlyweatherwarnings √ x
Geozone(preferredarea) √ x
Emergencymedicalroadsideassistance √ x
Panicbutton √ x
MotorsafetyfeaturesmaybeavailableseparatelyfromMutual&Federalpolicies,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotsoldasanincludedfeatureoftheAllsurepolicyofferingandisaseparatearrangementunlesswhereitisthoughtnecessaryandafunctionofthetypeofandthesuminsuredofthevehicle.Costsarefortheclient’sownaccount.
12 | DISCOVERYINSURE
Discovery Insure: Vitalitydrive Mutual & Federal: Allsure
Motor product
Write-offaccelerator √ x
Retailvaluebooster √ x
Household contents
No-averageguarantee √ x
Portable possessions
Estimatedmaximumloss √ x
FastTrackclaims √ √
All non-motor sections of cover
Xpressassessing √ x
Whathappenswhenaclienthasaclaim?
Discovery Insure: Vitalitydrive Mutual & Federal: Allsure
Impactofclaiming ClientcanloseVitalitydriverewardsofuptoamaximumofR100eachmonthforamotorclaim only
Claimsexperiencemayaffectpremiumsatanniversary
Claimsexperiencemayaffectpremiumsatanniversary
BothDiscoveryInsureandMutual&Federalapplydiscountsforclaimfree-yearswhendeterminingtheoriginalpremiumatthestartof thepolicy.
Cover summaryAccidentaldamagecoverUnderhouseholdcontents,DiscoveryInsureoffersaccidentaldamagecoveraspartofthestandardofferingwiththeoptiontobuyupcomprehensiveaccidentaldamagecover;Mutual&FederaloffersthiscoverinasimilarwaytoDiscoveryInsure.Mutual&Federalprovidesoptionalpowersurgecoverunderbuildings,whileDiscoveryInsureprovidesthiscoverautomatically.
Carhire
DiscoveryInsureprovidescarhireforupto30daysaspartofourstandardofferingandtheoptiontoextendcarhiretoupto60days.ClientswhochoosenottotakecarhireatclaimsstagecanchoosetoreceiveR100eachdayfortheperiodinwhichcarhirewasnottaken.Mutual&Federalprovidesoptionalcarhirefor30,60or90days.
02 DISCOVERY INSURE CLASSIC PLAN COMPARED TO MUTUAL & FEDERAL: ALLSURE
DISCOVERYINSURE| 13
Benefitlimitcomparison
Discovery Insure: Classic Plan Mutual & Federal: Allsure
General
Claimspreparationcosts R5000 Coveredasperpolicyschedule
Jewellery,artandcollectableitems R5000foreachitem,setorpairwherenovaluationcertificateisprovided
R7500foreachstampR7500foreachcoinJewellery:R25000foreachitem(maximumofR100000intotal)
Motor vehicles, motorcycles, caravans and trailers
Carhire Upto30daysincludedandoptiontobuy-upto 60 days Optionalbuy-up:30,60or90days
Creditshortfall UptoR250000(optionalbuy-up) Optionalbuy-up
Emergencyrepairs R5000 R7500
Keys,locksandremotecontrolunits R5000 R10000
Recoverycostsfollowingtheftorhijack R5000 Notspecificallymentioned
Repatriation R10000 No cover
Thirdpartyliability R10000000 R5000000
Towingandstoragefollowingaccident
Unlimited(whenarrangedandauthorisedthroughcallcentre)R2000(whennotarrangedandauthorisedthroughcallcentre)
CoveredasperpolicyscheduleR2500(ifapprovedserviceproviderwasn’tused)
Trauma coverFoursessionsforeachfamilymemberincludingdomesticemployeesinany12-monthperiod
R7500
Buildings
Accidentaldamage R20000 Optionalbuy-up(R10000,R25000,R50000,R100000)forfixedmachineryusedinhome
Breakageofglassandsanitaryware R5000peritemuptoR40000foreachclaim Coveredasperpolicyschedule
Damagetogardens R10000 R7500
Emergencyaccommodation R3000 Noinformationavailable
Keys,locksandremotecontrolunits R5000 Noinformationavailable
Rentandalternativeaccommodation 20%ofsuminsured 25%ofsuminsured
Removaloffallentrees R3000 R7500
Publicsupplyormainsconnection Reasonablecosts Coveredasperpolicyschedule
Publicauthoritiesrequirements Reasonablecosts Coveredasperpolicyschedule
Firebrigadecharges Reasonablecosts Reasonablecosts
Debrisremoval,demolitionandprofessionalfees Reasonablecosts R10000
Securityguards 48hours R10000
Swimmingpoolfiltersandboreholepumps R20000 R10000
14 | DISCOVERYINSURE
Discovery Insure: Classic Plan Mutual & Federal: Allsure
Household contents
Theftorattemptedtheftwithoutviolentandforcibleentry:Jewelleryandwatchesnotinuseandnotinasafe
R20000foreachitem R25000foreachitem(maximumofR100000intotal)
Theftorattemptedtheftwithoutviolentandforcibleentry:Domesticoutbuildings
R5000 R10000
Accidentaldamage:Powersurge R20000 Optionalbuy-up(R10000,R25000,R50000orR100000)
Accidentaldamage:Televisionsetsandglass Item sum insured
R10000Glass:Itemsuminsurediscovered
Accidentaldamage:Optionalbenefitifselected 20%ofsuminsuredperclaim Optionalbuy-up(R10000,R25000,R50000
orR100000)
Businessequipmentandstock-in-trade R50000 R30000foreachevent(stockincluded)
Coverinsideabuildingorofficewhereyouareemployed R5000 R10000(theft,unlessvisibleforcedentrycan
beproved)
Coveratanyregisteredfurniturestoragedepot Sum insured Nocomparablebenefit
Fridgeandfreezercontents R5000:limitedtotwoeventsinany24-monthperiod R7500
Giftsatdwellingforspecialevents R5000 Nocomparablebenefit
Goodsintheopen R10000 R10000
Groceriesandhouseholdgoodsintransit R5000
Movinggoodstonewhome:LimitofcompensationTransportinggoods:R10000
Keys,locksandremotecontrolunits R5000 R10000
Lossofwaterfromleakingpipes R5000:limitedtotwoseparateeventsinany12-monthperiod Nocomparablebenefit
Personal documents R2000 R10000
Personaleffectsofguestsordomesticemployees R5000 R10000
Rentandalternativeaccommodation 20%ofsuminsured 25%ofsuminsured
Firebrigadecharges Reasonablecosts Reasonablecosts
Securityguards 48hours R10000
Trauma coverFoursessionsforeachfamilymemberincludingdomesticemployeesinany12-monthperiod
R10000
Portable possessions
Generalclothingandpersonaleffects 20%ofthesuminsuredwithamaximumofR10000foreachitem,pairorset
25%ofGeneralCompensationLimitfor eachitem
Personal documents R2000 Coverscostoflabourtoreplacedocuments
02 DISCOVERY INSURE CLASSIC PLAN COMPARED TO MUTUAL & FEDERAL: ALLSURE
DISCOVERYINSURE| 15
Discovery Insure: Classic Plan Mutual & Federal: Allsure
Watercraft
Creditshortfall(ifoptionalbenefitisselected) R250000(ifselected) Covered in sum insured
Emergencyandrescueexpenses R5000 Coveredasperpolicyschedule
Thirdpartyliabilityforeachevent R2000000 R1000000
Skiersorwatercraftliabilityforeachevent R2000000 R1000000
Personal legal liability
Liabilitiestootherparties R2500000withoptiontobuyup R5000000
Fraudulentuseofcashandcreditcards R3000fora12-monthperiod R7500
Full-houseorhole-in-one(foreachevent) R2000 R2500
Medicalexpensesofguestsanddomesticemployees R5000 R10000
Tenant’sliability R1000000 Limitofcompensation
Wrongfularrest R50000 R50000
Excesscomparison
Discovery Insure: Classic Plan Mutual & Federal: Allsure
Motor vehicle
Basicexcessintheeventofcollisionincludingwrite-offandemergencyrepair
R2750andanyvoluntaryamountasselectedandasstatedinthePlanSchedule
Sum insured Excess
LowerthanR500000R500000–R750000R750000–R1000000R1000000–R1500000R1500000–R2000000R2000000–R2500000R2500000–R3000000R3000000–R3500000R3500000–R4000000R4000000–R5000000
R2750R5000R10000R15000R20000R22500R25000R30000R35000R40000
16 | DISCOVERYINSURE
Discovery Insure: Classic Plan Mutual & Federal: Allsure
Basicexcesswhenthedriverofthevehicleis55yearsorolderandapensionerorretired
R0andanyvoluntaryamountasselectedandasstatedinthePlanSchedule R0onlyappliestovaluelowerthanR500000
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 Basicexcessdependsonthevalueofthecar(minimumR2750)
Basicexcess:WindscreenreplacementR750R0if55yearsorolderandretired
Greaterof10%ofclaimorR250Noexcessapplicableifclientuses GrandmarkGlass
Basicexcess:Windscreen(whenthePlanholderis55yearsorolderandapensionerorretired)
R0 R0
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units
R750(excludingtheftorhijacking)R0if55yearsorolderandretired
Basicexcessdependsonthevalueofthecar(minimumR2750)R0ifretiredandnotgainfullyemployed
Theftofspecifiedextrasoundequipment
R750R0if55yearsorolderandretired
R0
IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim No cover
Motor cycle
Basicexcess:Intheeventofacollision,includingwrite-off R2750 R1500
Basicexcess:Whenthedriverofthemotorcycle is 55 years or older and a pensionerorretired
R0 R0
Theft,hijacking,fire,lightning,explosion,storm,water,snow,flood,earthquakeormaliciousdamage
R0 R1500
Off-roaduse Extra:R5000(two-wheelmotorcycle) R1500
Basicexcess:Quadbikes
SuminsuredaboveR10000:R2750andanyvoluntary amount as selected and stated in thePlanSchedule(exceptfortheft)SuminsuredbelowR10000:R750
R1500
Basicexcess:WindscreenreplacementR750R0if55yearsorolderandretired
Greaterof10%ofclaimorR250
WhenthePlanholderis55yearsorolderandapensioner R0 R0
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units R750(excludingtheftorhijacking) Basicexcess
02 DISCOVERY INSURE CLASSIC PLAN COMPARED TO MUTUAL & FEDERAL: ALLSURE
DISCOVERYINSURE| 17
Discovery Insure: Classic Plan Mutual & Federal: Allsure
IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim No cover
Caravan and trailer
Basicexcess:Intheeventofcollision,includingwrite-off R750 R500
Basicexcess:Whenthedriverofthemotorvehicletowingthecaravanor trailer is 55 years or older and a pensionerorretired
R0 R0
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 R500
Lossofordamagetokeys,locksandremotecontrolunits(notapplicablefollowingtheftorhijacking)
R750R0if55yearsorolderandretired
CoveredasperpolicyscheduleR0ifretiredandnotgainfullyemployed
IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim No cover
Buildings
Basicexcessintheeventoftheftorattemptedtheft R750 R500
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 R0
Fire,lightning,explosion,water,hail,storm,snow,flood,earthquakeormaliciousdamage
R0 R500
SubsidenceandlandslipR5000(limitedandcomprehensive)R0if55yearsorolderandretired
R5000(onlyifoptionalcoverisselected)R0ifretiredandnotgainfullyemployed
Keys,locksandremotecontrols(notapplicableintheeventoftheft)
R750R0if55yearsorolderandretired
R500R0ifretiredandnotgainfullyemployed
Swimmingpoolfiltersandboreholepumps
R750R0if55yearsorolderandretired
R500R0ifretiredandnotgainfullyemployed
BreakageofglassandsanitarywareR750R0if55yearsorolderandretired
R500R0ifretiredandnotgainfullyemployed
Household contents
Basicexcess R750 R500
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 R0
Theftorattemptedtheftwithvisiblesignsofforcedentry R0
R500R0foroutbuildings,whereemployed,wheregoodsrepairedifvisibleforcedentrycan beproved
18 | DISCOVERYINSURE
Discovery Insure: Classic Plan Mutual & Federal: Allsure
Fire,explosion,storm,water,hail,snow,lightning,flood,earthquakeormaliciousdamage
R0 R500
Keys,locksandremotecontrolsR750(excludingtheft)R0if55yearsorolderandretired
R0R0ifretiredandnotgainfullyemployed
Businessequipmentandstock-in-trade
R750R0if55yearsorolderandretired
R500
AccidentaldamageandpowersurgeR750R0if55yearsorolderandretired
Optionalbuy-up:LimitR10000:R500LimitR25000:R1000LimitR50000:R1500LimitR100000:R2000R0ifretiredandnotgainfullyemployed
SubsidenceandlandslipR5000(ifselected)R0if55yearsorolderandretired
R5000(optional)R0ifretiredandnotgainfullyemployed
GoodsinstorageR1000R0if55yearsorolderandretired
R0R0ifretiredandnotgainfullyemployed
Portable possessions
Basicexcess:Generalclothingandpersonaleffectsandspecifieditems R750
R250Computers:R500
Basicexcess:WhenthePlanholderis55yearsorolderandapensioner R0 R0
Bicyclesandwheelchairs PedalcyclesoverR30000:R2500 Noinformationavailable
Theftfromanunattendedvehiclewithoutvisible,violentandforcibleentryintothevehicle
Planexclusion No cover
Watercraft
Basicexcess:Intheeventofcollision,includingwrite-offandoutboardmotorsdroppingoff
R2750 R500
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 R0
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 R500
Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,oranyadditionalexcessesincludedintheMutual&FederalAllsurePolicySchedule.
Thiscomparisonwasdonebasedontheinformationgatheredfromthesourcesstatedbelow.Atthetimeofthecomparison,notallthespecificdetailsneededtocompletethispartofthecomparisonwereavailable.
SourcesMutual&FederalAllsurePolicyWordingMutual&FederalAllsurePolicySchedulesMutual&FederalAllsureProposalForm
02 DISCOVERY INSURE CLASSIC PLAN COMPARED TO MUTUAL & FEDERAL: ALLSURE
19 | DISCOVERYINSURE
Rewardssummary
Discovery Insure: Classic Plan Alexander Forbes: Priceless
Rewards
VitalitydriveClientscanearnuptoR750inBPfuelrewardseachmonthClientsarerewardedfordrivingbehaviour,knowledgeandawareness,andvehiclesafety
Nocomparablebenefit
Excess Funder Account (EFA)
Upto10%ofmonthlypremium,fromthestartoftheplan,basedonVitalitydrivestatusispaidintotheirEFA(forexample,uptoR100eachmonthfromthestartoftheplan,basedonanaveragemotorpremiumofR1000eachmonth)ClientscanalsodoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirEFA,uptoR1500
Nocomparablebenefit
Young Adult Plan rewards
Youngadultsget25%ofpremiumplusuptoR200permonthaftereverysixmonths(forexample,uptoR2700everysixmonthsfrominception,basedonanaveragemotorpremiumofR1000eachmonth)
Nocomparablebenefit
Tiger Wheel & Tyre discounts 10%discountatstores Nocomparablebenefit
Costandcarhiresummary Discovery Insure: Classic Plan Alexander Forbes: Priceless
Incentive-based rewards programmeVitalitydriveR55eachmonth
Nocomparablebenefit
Tracking deviceProvidedatnoextracostandinstalledat atimeandplacewhichisconvenientto theclient
Nocomparablebenefit
Contractual obligations None Notapplicable
Car hire ProvidedatnoextracostProvidedatnocostfollowingtheftandhijackAvailablefollowingaccidentsatanextracost(R35pm)
03 DISCOVERY INSURE CLASSIC PLAN COMPARED TO ALEXANDER FORBES: PRICELESS
DISCOVERYINSURE| 20
Basicexcessstructuresummary
Discovery Insure: Classic Plan Alexander Forbes: Priceless
Motor R2750 R3250
Windscreenrepairs R0 R0
Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R0
R3250R0forfire,lightning,explosion
Buildings and household contents R750 R500
Geysers,fire,hail,lightning,explosion,storm,water,snow,flood,earthquake,maliciousdamage
R0 R500
Pensioners R0if55yearsorolderandretired R0formotorclaimsif55yearsorolder andretired
Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses.Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureclientsalsobenefitfromtheirExcessFunderAccountintheeventofamotorclaim,whichisnotincludedinthissummary.AlexanderForbeshasaseriesofextraexcessesforeventssuchaslicenceslessthanthreeyearsold,firstandfollowingclaimswithinthefirstsixmonthsofthepolicystartdate,thetimeofdaywhentheaccidenthappenedandwherethespecifieddistancetravelledisexceeded.
Otherkeyfeatures
Discovery Insure: Vitalitydrive Alexander Forbes: Priceless
Motor safety
Stolenvehiclerecovery √ x
Insurertakesresponsibilityforworkingconditionofdevice √ x
ImpactAlert √ x
Tripreports √ x
Real-timelocation √ x
Batteryandignitiontampering √ x
Earlyweatherwarnings √ x
Geozone(preferredarea) √ x
Emergencymedicalroadsideassistance √ x
Panicbutton √ x
MotorsafetyfeaturesmaybeavailableseparatelyfromAlexanderForbes’Pricelesspolicyoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotsoldasanincludedfeatureofthePricelesspolicyofferingandareaseparatearrangement.Trackingdevicesarenotrequiredforanyvehiclesonthepolicyandcostsarefortheclient’sownaccount.
21 | DISCOVERYINSURE
Discovery Insure: Vitalitydrive Alexander Forbes: Priceless
Motor product
Write-offaccelerator √ x
Retailvaluebooster √ x
Household contents
No-averageguarantee √ x
Portable possessions
Estimatedmaximumloss √ x
FastTrackclaims √ √
All non-motor sections of cover
Xpressassessing √ x
Whathappenswhenaclienthasaclaim?
Discovery Insure: Vitalitydrive Alexander Forbes: Priceless
Impactofclaiming ClientcanloseVitalitydriverewardsofuptoamaximumofR100eachmonthforamotorclaim only
Claimsexperiencemayaffectpremiumsatanniversary
Claimsexperiencemayaffectpremiumsatanniversary
BothDiscoveryInsureandAlexanderForbesapplydiscountsforclaim-freeyearswhendeterminingtheoriginalpremiumatthestartof thepolicy.
Cover summaryAccidentaldamagecoverDiscoveryInsureprovidesaccidentaldamagecoverautomaticallyunderbuildings.Underhouseholdcontents,weprovideaccidentaldamagecoverforaudiovisualequipmentandglass(includingdamagecausedbypowersurges).DiscoveryInsurealsogivesclientstheoptiontopurchasecomprehensiveaccidentaldamagecoverunderhouseholdcontents.AlexanderForbesoffersanallriskspolicyandprovidesaccidentaldamageandpowersurgecoverunderhouseholdcontentsandbuildings.
CarhireDiscoveryInsureprovidescarhireforupto30daysaspartofourstandardofferingandtheoptiontoupgradethecarhireandextendthecarhiretoupto60days.ClientswhochoosenottotakecarhireatclaimsstagecanchoosetoreceiveR100eachdayfortheperiodinwhichcarhirewasnottaken.AlexanderForbesprovidescarhirefor30daysfollowingatheftorhijackwithoptionalbuy-upstoextendcovertoaccidents.Optionalbuy-upsarealsoavailabletoextendcarhireto60daysortoupgradetoexecutivecarhire.
03 DISCOVERY INSURE CLASSIC PLAN COMPARED TO ALEXANDER FORBES: PRICELESS
DISCOVERYINSURE| 22
Benefitlimitcomparison
Discovery Insure: Classic Plan Alexander Forbes: Priceless
General
Claimspreparationcosts R5000 R5000or10%ofsuminsuredwhicheverisless
Jewellery,artandcollectableitems R5000foreachitem,setorpairwherenovaluationcertificateisprovided
Unspecifiedstamporcoinlimit:R3000foranyonecoinorstampformingpartofacollection(coveredunderhouseholdcontents)
Motor vehicles, motorcycles, caravans and trailers
Carhire Upto30daysincludedandtheoptiontobuyupto60days
Automaticallyprovidedfollowingtheftandhijacking:30days(Optionalbuy-upforaccident)Optionalbuy-up:upto60daysOptionalbuy-up:Executivecarhire
Creditshortfall UptoR250000(optionalbuy-up) Optionalbuy-up
Emergencyrepairs R5000 R7500
Keys,locksandremotecontrolunits R5000 R5000
Recoverycostsfollowingtheftorhijack R5000 Covered(immobilisedvehicle)
Repatriation R10000 Covered(immobilisedvehicle)
Thirdpartyliability R10000000 Coveredasperpolicyschedule
Towingandstoragefollowingaccident
Unlimited(whenarrangedandauthorisedthroughcallcentre)R2000(whennotarrangedandauthorisedthroughcallcentre)Coveredfortow-intonearestrepairerfollowingbreakdownadditionalcostsarefortheclientsownaccountfortow-intootherrepairers
CoveredasperpolicyscheduleUptoR1000inany12monthperiodfollowingabreakdowntoprotectvehicleandtowtorepairer
Trauma coverFoursessionsforeachfamilymemberincludingdomesticemployeesinany12-monthperiod
R5000perpersonperevent
Buildings Primary Cover
Accidentaldamage R20000 Sum insured
Breakageofglassandsanitaryware R5000peritemuptoR40000foreachclaim Coveredasperpolicyschedule
Damagetogardens R10000 R15000(gardenextension,includingtheft)
Emergencyaccommodation R3000 Noinformationavailable
Keys,locksandremotecontrolunits R5000 R5000
Rentandalternativeaccommodation 20%ofthesuminsured 25%ofsuminsured
Removaloffallentrees R3000
Nodamagetobuildings:R5000inany12monthperiod Damagetobuildings:Coveredupto10%allowedforunderdebrisremovalextension
Publicsupplyormainsconnection Reasonablecosts Coveredasperpolicyschedule
Publicauthoritiesrequirements Reasonablecosts 10%ofsuminsured
23 | DISCOVERYINSURE
Discovery Insure: Classic Plan Alexander Forbes: Priceless
Firebrigadecharges Reasonablecosts Coveredasperpolicyschedule
Debrisremoval,demolitionandprofessionalfees Reasonablecosts 10%ofsuminsured
Securityguards 48hours R10000
Swimmingpoolfiltersandboreholepumps R20000 R10000forbreakdownotherwisenotlimited
Household contents Cover Option A
Theftorattemptedtheftwithoutviolentandforcibleentry:Jewelleryandwatchesnotinuseandnotinasafe
R20000foreachitem Coveredasperpolicyschedule
Theftorattemptedtheftwithoutviolentandforcibleentry:Domesticoutbuildings
R5000 Coveredasperpolicyschedule
Accidentaldamage:Powersurge R20000 Coveredasperpolicyschedule
Accidentaldamage:Televisionsetsandglass Item sum insured Coveredasperpolicyschedule
Accidentaldamage:Optionalbenefitifselected 20%ofsuminsuredperclaim Coveredasperpolicyschedule
Businessequipmentandstock-in-trade R50000 R50000
Coverinsideabuildingorofficewhereyouareemployed R5000 Coveredasperpolicyschedule
Atanyregisteredfurniturestoragedepot Includeduptosuminsured Coveredasperpolicyschedule
Fridgeandfreezercontents R5000:limitedtotwoeventsinany24-monthperiod R3000or2%ofsuminsured
Giftsatdwellingforspecialevents R5000 R10000
Goodsintheopen R10000 R15000
Groceriesandhouseholdgoodsintransit R5000 R10000
Keys,locksandremotecontrolunits R5000 R5000
Lossofwaterfromleakingpipes R5000:limitedtotwoseparateeventsinany12-monthperiod R15000
Personal documents R2000 R15000(optionalbuy-up)
Personaleffectsofguestsordomesticemployees R5000
R5000foreachguestUnlimitedfordomesticemployees
Rentandalternativeaccommodation Upto20%ofthesuminsured 25%ofsuminsured
Firebrigadecharges Reasonablecosts Coveredasperpolicyschedule
Securityguards 48hours R10000
Trauma coverFoursessionsforeachfamilymemberincludingdomesticemployeesinany12-monthperiod
R5000perpersonperevent
03 DISCOVERY INSURE CLASSIC PLAN COMPARED TO ALEXANDER FORBES: PRICELESS
DISCOVERYINSURE| 24
Discovery Insure: Classic Plan Alexander Forbes: Priceless
Portable possessions
Generalclothingandpersonaleffects 20%ofthesuminsuredwithamaximumofR10000foreachitem,pairorset
Unspecifiedarticlelimit:25%ofsuminsuredwithamaximumofR30000foranyitem
Personal documents R2000 R15000
Watercraft
Creditshortfall(ifoptionalbenefitisselected) R250000(ifselected) Noinformationavailable
Emergencyandrescueexpenses R5000 Reasonablecosts
Thirdpartyliabilityforeachevent R2000000 R1000000
Skiersorwatercraftliabilityforeachevent R2000000 R1000000
Personal legal liability
Liabilitiestootherparties R2500000withoptiontobuyup R5000000withtheoptiontobuy-up
Fraudulentuseofcashandcreditcards R3000fora12-monthperiod R5000
Full-houseorhole-in-one(foreachevent) R2000 R3000
Medicalexpensesofguestsanddomesticemployees R5000 Noinformationavailable
Tenant’sliability R1000000 R5000000
Wrongfularrest R50000 R50000foreachincident
Excesscomparison
Discovery Insure: Classic Plan Alexander Forbes: Priceless
Motor vehicle
Basicexcessintheeventofcollisionincludingwrite-offandemergencyrepair
R2750andanyvoluntaryamountasselectedandasstatedinthePlanSchedule
R3250(everythingexcludingfire,lightning,explosion)
Basicexcesswhenthedriverofthevehicleis55yearsorolderandapensionerorretired
R0andanyvoluntaryamountasselectedandasstatedinthePlanSchedule R0if55yearsorolderandretired
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
BasicExcess:Windscreenreplacement R750 Greaterof15%ofagreedlossorR350
BasicExcess:Windscreen(whenthePlanholderis55yearsorolderandapensionerorretired)
R0 R0
25 | DISCOVERYINSURE
Discovery Insure: Classic Plan Alexander Forbes: Priceless
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units
R750(excludingtheftorhijacking)R0if55yearsorolderandretired
R0
Theftofspecifiedextrasoundequipment
R750R0if55yearsorolderandretired
R0unlessnotfactoryfittedsoundsystemBenefitlimit:R3000or5%ofvehiclevalue
IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim Greaterof20%ofagreedlossorR2000
Motor cycle
Basicexcess:Intheeventofacollision,includingwrite-off R2750 5%ofagreedlossordamage(minimumR500)
Basicexcess:Whenthedriverofthemotorcycle is 55 years or older and a pensionerorretired
R0 5%ofagreedlossordamage(minimumR500)
Theft,hijacking,fire,lightning,explosion,storm,water,snow,flood,earthquakeormaliciousdamage
R0 5%ofagreedlossordamage(minimumR500)
Off-roaduse Extra:R5000(twowheelmotorcycle) 5%ofagreedlossordamage(minimumR500)
Basicexcess:QuadbikesForsuminsuredaboveR10000:R2750andany voluntary amount as selected and stated inthePlanSchedule
5%ofagreedlossordamage(minimumR500)
Basicexcess:WindscreenreplacementR750R0if55yearsorolderandretired
5%ofagreedlossordamage(minimumR500)
WhenthePlanholderis55yearsorolderandapensioner R0 5%ofagreedlossordamage(minimumR500)
Windscreenrepairs R0 5%ofagreedlossordamage(minimumR500)
Lossofordamagetokeys,locksandremote control units R750(excludingtheftorhijacking) R0
IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim Noinformationavailable
Caravan and trailer
Basicexcess:Intheeventofcollision,includingwrite-off R750 R250
Basicexcess:Whenthedriverofthemotorvehicletowingthecaravanor trailer is 55 years or older and a pensionerorretired
R0 R250
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 R250
Lossofordamagetokeys,locksandremotecontrolunits(notapplicablefollowingtheftorhijacking)
R750R0if55yearsorolderandretired
R0
IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim Noinformationavailable
03 DISCOVERY INSURE CLASSIC PLAN COMPARED TO ALEXANDER FORBES: PRICELESS
DISCOVERYINSURE| 26
Discovery Insure: Classic Plan Alexander Forbes: Priceless
Buildings Primary Cover
Basicexcessintheeventoftheftorattemptedtheft R750 R500
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 Not clear
Fire,lightning,explosion,water,hail,storm,snow,flood,earthquakeormaliciousdamage
R0 R500
SubsidenceandlandslipR5000(limitedandcomprehensive)R0if55yearsorolderandretired
Greaterof5%ofdamageorR5000
Keys,locksandremotecontrols(notapplicableintheeventoftheft)
R750R0if55yearsorolderandretired
R0
Swimmingpoolfiltersandboreholepumps
R750R0if55yearsorolderandretired
Noinformationavailable
BreakageofglassandsanitarywareR750R0if55yearsorolderandretired
Noinformationavailable
Household contents Cover Option A
Basicexcess R750 R500
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 Noinformationavailable
Theftorattemptedtheftwithvisiblesignsofforcedentry R0
R500IncreasedtoR1000:Ifclientreceivedapremiumdiscountforhavinghighsecurity,butthesesecurityrequirementswerenotmetatthetimeofthelossordamage
Fire,explosion,storm,water,hail,snow,lightning,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
Keys,locksandremotecontrolsR750(excludingtheft)R0if55yearsorolderandretired
R0
Businessequipmentandstock-in-trade
R750R0if55yearsorolderandretired
R0
AccidentaldamageandpowersurgeR750R0if55yearsorolderandretired
Noinformationavailable
SubsidenceandlandslipR5000(ifselected)R0if55yearsorolderandretired
Noinformationavailable
GoodsinstorageR1000R0if55yearsorolderandretired
R0
27 | DISCOVERYINSURE
Discovery Insure: Classic Plan Alexander Forbes: Priceless
Portable possessions
Basicexcess:Generalclothingandpersonaleffectsandspecifieditems R750
Generalorcaravancontents:R250(excludingtheft)DoesnotapplytospecifieditemsWheretheftfromcarorcaravanwithforcibleandviolententrycannotbeproven(excludingsoundequipment):20%ofloss
Basicexcess:WhenthePlanholderis55yearsorolderandapensioner R0 Noinformationavailable
Bicyclesandwheelchairs PedalcyclesoverR30000:R2500 Pedalcycles:Greaterof5%oflossorR500
Theftfromanunattendedvehiclewithoutvisible,violentandforcibleentryintothevehicle
Planexclusion Noinformationavailable
Watercraft
Basicexcess:Intheeventofcollision,includingwrite-offandoutboardmotorsdroppingoff
R2750 2%ofsuminsured(minimumR500)
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 2%ofsuminsured(minimumR500)
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 2%ofsuminsured(minimumR500)
PleasenotethatAlexanderForbeshasanelectronicequipmentsectionlistedseparatelyasatypeofcover.AlexanderForbesoffercoveroptionsA,B,CandDunderhouseholdcontentsofwhichcoveroptionAisthemostcomprehensive.AlexanderForbesoffersaseparatepensionerpolicyoffer,called55Plus,whichisaimedatretiredindividualsunderwhichtheypaynobasicexcessunderanysectionsoftheircover.
Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheAlexanderForbesPricelessPolicySchedule.
Thiscomparisonwasdonebasedontheinformationgatheredfromthesourcesstatedbelow.Atthetimeofthecomparison,notallthespecificdetailsneededtocompletethispartofthecomparisonwereavailable.
SourcesAlexanderForbesPricelessPolicywordingAlexanderForbesPricelessPolicySchedulesAlexanderForbesPricelessbrochurewww.alexanderforbes.co.za
03 DISCOVERY INSURE CLASSIC PLAN COMPARED TO ALEXANDER FORBES: PRICELESS
31 | DISCOVERYINSURE
Rewardssummary
Discovery Insure: Executive Plan Alexander Forbes: Envoy
Rewards
VitalitydriveClientscanearnuptoR750inBPfuelrewardseachmonthClientsarerewardedfordrivingbehaviour,knowledgeandawareness,andvehiclesafety
NocomparablebenefitDiscountsmayalsobeofferedforcompletinganadvanceddrivingcourse
Excess Funder Account (EFA)
Upto10%ofmonthlypremium,fromthestartoftheplan,basedonVitalitydrivestatusispaidintotheirEFA(forexample,uptoR100eachmonthfromthestartoftheplan,basedonanaveragemotorpremiumofR1000eachmonth)ClientscanalsodoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirEFA,uptoR1500
Nocomparablebenefit
Young Adult Plan rewards
Youngadultsget25%ofpremiumplusuptoR200permonthaftereverysixmonths(forexample,uptoR2700everysixmonthsfrominception,basedonanaveragemotorpremiumofR1000eachmonth)
Nocomparablebenefit
Tiger Wheel & Tyre discounts 10%discountatstores Nocomparablebenefit
Costandcarhiresummary Discovery Insure: Executive Plan Alexander Forbes: Envoy
Incentive-based rewards programmeVitalitydriveR55eachmonth
Nocomparablebenefit
Tracking deviceProvidedatnoextracostandinstalledat atimeandplacewhichisconvenientto theclient
Nocomparablebenefit
Contractual obligations None Notapplicable
Car hire Providedatnoextracost Providedatnocostfortheft,hijackandaccident
04 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ALEXANDER FORBES: ENVOY
DISCOVERYINSURE| 32
Basicexcessstructuresummary
Discovery Insure: Executive Plan Alexander Forbes: Envoy
Motor R2750 R3250
Windscreenrepairs R0 R0
Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R0
BasicexcessR0forfire,lightning,explosion
Buildings and household contents R750 R500
Geysers,fire,hail,lightning,explosion,storm,water,snow,flood,earthquake,maliciousdamage
R0 R500
Pensioners R0if55yearsorolderandretired R0formotorclaimsif55yearsorolderandretired
Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses.Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureVitalitydriveclientsalsobenefitfromtheirExcessFunderAccountintheeventofamotorclaim,whichisnotincludedinthissummary.AlexanderForbeshasaseriesofadditionalexcessesforeventssuchaslicencelessthanthreeyearsold,firstandfollowingclaimswithinthefirstsixmonthsofthestartoftheplan,timeofdaywhenaccidentoccurredandwherethespecifiedmileageisexceeded.
Otherkeyfeatures
Discovery Insure: Vitalitydrive Alexander Forbes: Envoy
Motor safety
Stolenvehiclerecovery,atnoextracostwithVitalitydrive √ x
Insurertakesresponsibilityforworkingconditionofdevice √ x
ImpactAlert √ x
Tripreports √ x
Real-timelocation √ x
Batteryandignitiontampering √ x
Earlyweatherwarnings √ x
Geozone(preferredarea) √ x
Emergencymedicalroadsideassistance √ x
Panicbutton √ x
Note:MotorsafetyfeaturesmaybeavailableseparatelyfromAlexanderForbes’Envoyplanoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotincludedintheEnvoyplanoffering.TrackingdevicesarenotnecessaryforanyvehiclesontheEnvoyplanandcostsarefortheclient’sownaccount.
33 | DISCOVERYINSURE
Discovery Insure: Vitalitydrive Alexander Forbes: Envoy
Motor product
Write-offaccelerator √ x
RetailvalueboosterMultiVehiclebenefit √ x
Household contents
No-averageguarantee √ x
Portable possessions
Estimatedmaximumloss √ x
FastTrackclaims √ √
All non-motor sections of cover
Xpressassessing √ x
Whathappenswhenaclienthasaclaim?
Discovery Insure: Vitalitydrive Alexander Forbes: Envoy
Impactofclaiming ClientcanloseVitalitydriverewardsofuptoamaximumofR100eachmonthforamotorclaim only
Claimsexperiencemayaffectpremiumsatanniversary
Claimsexperiencemayaffectpremiumsatanniversary
BothDiscoveryInsureandAlexanderForbesapplydiscountsforclaim-freeyearswhendeterminingtheoriginalpremiumatthestartoftheplan.
Cover summaryCarhireDiscoveryInsureprovidescarhireforupto30daysaspartofourstandardofferingandtheoptiontoupgradeandextendthecarhiretoupto60days.ClientswhochoosenottotakecarhireatclaimsstagecanchoosetoreceiveR100foreachdayfortheperiodthatcarhireisnottaken.AlexanderForbesprovidescarhirefor30daysfollowingatheft,hijackingoraccidentwithoptionalbuy-upstoextendcarhireto60daysortoupgradetoexecutivecarhire.
PleasenotethatAlexanderForbesprovidespersonalaccident,identitytheftandtyrecovernotprovidedbyDiscoveryInsure.
04 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ALEXANDER FORBES: ENVOY
DISCOVERYINSURE| 34
Benefitlimitcomparison
Discovery Insure: Executive Plan Alexander Forbes: Envoy
General
Claimspreparationcosts R10000 R10000or10%ofsuminsured,whicheveris less
Jewellery,artandcollectableitems R25000wherenovaluationcertificateprovided
Unspecifiedstamporcoinlimit:R5000foranyonecoinorstampformingpartofacollectionunderhouseholdcontents
Motor vehicles, motorcycles, caravans and trailers
CarhireUpto30daysincludedandtheoptiontobuyupto60daysifselectedandasstatedinthePlanSchedule
Theftorhijacking:AutomaticcategoryBvehiclefor30dayswithupgradeoptionAccident:Automaticandupgradeoptionsof60daysandanexecutivecar
Creditshortfall R250000(optionalbuy-up) Noinformationavailable
Emergencyrepairs R10000 R7500
Keys,locksandremotecontrolunits R20000 Coveredasperpolicyschedule
Recoverycostsfollowingtheftorhijack R20000 Covered(immobilisedvehicle)
Repatriation R20000 Covered(immobilisedvehicle)
Thirdpartyliability R10000000 R5000000plusExtendedLiabilitylimit
Towingandstoragefollowingaccident
Unlimited,however,itislimitedtoR2000ifnotarrangedandauthorisedthroughtheDiscoveryInsure call centre Coveredfortow-intonearestrepairerfollowingbreakdown Additionalcostsarefortheclientsownaccountfortow-intootherrepairers
CovereduptoR1000inany12monthperiodfollowingabreakdowntoprotectvehicleandtowtorepairer
Trauma cover Foursessionsforeachfamilymemberincludingdomesticstaffinany12-monthperiod R5000perpersonperevent
Buildings Primary cover
Accidentaldamage Uptosuminsured Coveredasperpolicyschedule
Breakageofglassandsanitaryware Uptosuminsured Coveredasperpolicyschedule
Damagetogardens R20000 R25000(Gardenextension,includingtheft)
Emergencyaccommodation R10000 Nocomparablebenefit
Keys,locksandremotecontrolunits R20000 Coveredasperpolicyschedule
Rentandalternativeaccommodation Upto20%ofsuminsured Upto25%ofsuminsured
Removaloffallentrees R10000
Nodamagetobuildings:R5000inany12monthperiod Damagetobuildings:Coveredupto10%allowedforunderdebrisremovalextension
Publicsupplyormainsconnection Reasonablecosts Coveredasperpolicyschedule
Publicauthoritiesrequirements Reasonablecosts 10%ofsuminsured
35 | DISCOVERYINSURE
Discovery Insure: Executive Plan Alexander Forbes: Envoy
Firebrigadecharges Reasonablecosts Coveredasperpolicyschedule
Debrisremoval,demolitionandprofessionalfees Reasonablecosts 10%ofsuminsured
Securityguards Suppliedforupto2weeksR15000(temporaryprotection)UptoR5000(upgradingofsecurityfollowingbreak-in,excludingoutbuildings)
Swimmingpoolfiltersandboreholepumps R30000 R15000forbreakdownotherwisenotlimited
Household contents Cover option A
Theftorattemptedtheftwithoutviolentandforcibleentry:Jewelleryandwatchesnotinuseandnotinasafe
R50000 Noinformationavailable
Theftorattemptedtheftwithoutviolentandforcibleentry:Domesticoutbuildings
R50000 Noinformationavailable
Accidentaldamage:Powersurge Uptosuminsured Coveredasperpolicyschedule
Accidentaldamage:Televisionsetsandglass Uptosuminsured Coveredasperpolicyschedule
Accidentaldamage:Optionalbenefitifselected Uptosuminsured Comprehensiveincludedinstandardoffering
Businessequipmentandstock-in-trade R100000 R100000foreachloss(stockincluded)
Coverinsideabuildingorofficewhereyouareemployed R15000 Noinformationavailable
Atanyregisteredfurniturestoragedepot Uptosuminsured Coveredasperpolicyschedule
Fridgeandfreezercontents Unlimited Coveredasperpolicyschedule
Giftsatdwellingforspecialevents R50000 R50000
Goodsintheopen R50000 R25000foreachevent
Groceriesandhouseholdgoodsintransit R50000
R60000(furniture–purchaseorrenovations)R15000(groceries)
Keys,locksandremotecontrolunits R20000 Coveredasperpolicyschedule
Lossofwaterfromleakingpipes R25000:Limitedtotwoseperateeventsinany12monthperiod FreeuptoR25000(optional)
Personal documents R20000 R25000
Personaleffectsofguestsordomesticemployees R20000
Guests:R10000foreachguestDomesticemployees:Unlimited
Rentandalternativeaccommodation Upto20%ofthesuminsured Upto25%ofsuminsured
Firebrigadecharges Reasonablecosts Coveredasperpolicyschedule
Securityguards 72hours R15000perevent
Trauma cover Foursessionsforeachfamilymember,includingdomesticstaff,inany12monthperiod R5000perpersonperevent
04 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ALEXANDER FORBES: ENVOY
DISCOVERYINSURE| 36
Discovery Insure: Executive Plan Alexander Forbes: Envoy
Portable possessions
Generalclothingandpersonaleffects 25%ofthesuminsuredwithamaximumofR50000foreachitem,pairorset
Unspecifiedarticlelimit:25%ofsuminsuredwithamaximumofR50000foranyitem
Personal documents R20000 Noinformationavailable
Watercraft
Creditshortfall(ifoptionalbenefitisselected) R250000 Nocomparablebenefit
Emergencyandrescueexpenses R10000 Reasonablecosts
Thirdpartyliabilityforeachevent R2000000 R1000000
Skiersorwatercraftliabilityfor eachevent R2000000 R1000000
Personal legal liability
Liabilitiestootherparties R5000000withoptiontobuy-up R5000000withtheoptiontobuy-up
Fraudulentuseofcashandcreditcards R25000fora12-monthperiod R5000
Full-houseorhole-in-one(foreachevent) R10000 R5000
Medicalexpensesofguestsanddomesticemployees R10000 Noinformationavailable
Tenant’sliability R5000000 R5000000
Wrongfularrest R100000 R50000foreachincident
37 | DISCOVERYINSURE
Excesscomparison
Discovery Insure: Classic Plan Alexander Forbes: Envoy
Motor vehicle
Basicexcessintheeventofcollisionincludingwrite-offandemergencyrepair
R2750 R3250(everythingexcludingfire,lightning,explosion)
Basicexcesswhenthedriverofthevehicleis55yearsorolderandapensionerorretired
R0 R0
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
BasicExcess:Windscreenreplacement R0 Greaterof15%ofagreedlossorR350
BasicExcess:Windscreen(whenthePlanholderis55yearsorolderandapensionerorretired)
R0 R0
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units
R750(excludingtheftorhijacking)R0if55yearsorolderandretired
R0if55yearsorolderandretired
Theftofspecifiedextrasoundequipment
R750R0if55yearsorolderandretired
R0,unlessnotfactoryfittedsoundsystem-benefitlimit:R3000or5%ofvehiclevalue R0if55yearsorolderandretired
IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim Greaterof20%ofagreedlossorR2000
Motor cycle
Basicexcess:Intheeventofacollision,includingwrite-off R2750 5%ofagreedlossordamage(minimumR500)
Basicexcess:Whenthedriverofthemotorcycle is 55 years or older and a pensionerorretired
R0 5%ofagreedlossordamage(minimumR500)
Theft,hijacking,fire,lightning,explosion,storm,water,snow,flood,earthquakeormaliciousdamage
R0 5%ofagreedlossordamage(minimumR500)
Off-roaduse Extra:R5000(two-wheelmotorcycle) 5%ofagreedlossordamage(minimumR500)
Basicexcess:Quadbikes
ForsuminsuredaboveR10000:R2750andany voluntary amount as selected and stated inthePlanScheduleForsuminsuredbelowR10000:R750andany voluntary amount as selected and stated intheplanscheduleR0if55yearsorolderandretired
5%ofagreedlossordamage(minimumR500)
Basicexcess:Windscreenreplacement R750 5%ofagreedlossordamage(minimumR500)
04 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ALEXANDER FORBES: ENVOY
DISCOVERYINSURE| 38
Discovery Insure: Classic Plan Alexander Forbes: Envoy
WhenthePlanholderis55yearsorolderandapensioner R0 5%ofagreedlossordamage(minimumR500)
Windscreenrepairs R0 5%ofagreedlossordamage(minimumR500)
Lossofordamagetokeys,locksandremote control units R750(excludingtheftorhijacking) R0
IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim Noinformationavailable
Caravan and trailer
Basicexcess:Intheeventofcollision,includingwrite-off R750 R250
Basicexcess:Whenthedriverofthemotorvehicletowingthecaravanor trailer is 55 years or older and a pensionerorretired
R0 R0
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
Lossofordamagetokeys,locksandremotecontrolunits(notapplicablefollowingtheftorhijacking)
R750R0if55yearsorolderandretired
R0
IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim Noinformationavailable
Buildings Primary cover
Basicexcessintheeventoftheftorattemptedtheft R750 R500
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 Not clear
Fire,lightning,explosion,water,hail,storm,snow,flood,earthquakeormaliciousdamage
R0 R500
SubsidenceandlandslipR5000(limitedandcomprehensive)R0if55yearsorolderandretired
Greaterof5%ofdamageorR5000
Keys,locksandremotecontrols(notapplicableintheeventoftheft)
R750R0if55yearsorolderandretired
R0
Swimmingpoolfiltersandboreholepumps
R750R0if55yearsorolderandretired
Noinformationavailable
BreakageofglassandsanitarywareR750R0if55yearsorolderandretired
Noinformationavailable
39 | DISCOVERYINSURE
Discovery Insure: Classic Plan Alexander Forbes: Envoy
Household contents Cover option A
Basicexcess R750 R500
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 Noinformationavailable
Theftorattemptedtheftwithvisiblesignsofforcedentry R0
R500IncreasedtoR1000:Ifclientreceivedapremiumdiscountforhavinghighsecurity,butthesesecurityrequirementswerenotmetatthetimeoftheloss/damage
Fire,explosion,storm,water,hail,snow,lightning,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
Keys,locksandremotecontrolsR750(excludingtheft)R0if55yearsorolderandretired
R0
Businessequipmentandstock-in-trade
R750(excludingtheft)R0if55yearsorolderandretired
Noinformationavailable
AccidentaldamageandpowersurgeR750(excludingtheft)R0if55yearsorolderandretired
Noinformationavailable
SubsidenceandlandslipR5000(ifselected)R0if55yearsorolderandretired
Noinformationavailable
GoodsinstorageR1000R0if55yearsorolderandretired
Noinformationavailable
Portable possessions
Basicexcess:Generalclothingandpersonaleffectsandspecifieditems R750
Generalorcaravancontents:R250(excludingtheft)DoesnotapplytospecifieditemsTheftfromcarorcaravanwhereforcibleandviolententrycannotbeproven(excludingsoundequipment):20%ofloss
Basicexcess:WhenthePlanholderis55yearsorolderandapensioner R0 Noinformationavailable
Bicyclesandwheelchairs PedalcyclesoverR30000:R2500 Pedalcycles:Greaterof5%oflossorR500
Theftfromanunattendedvehiclewithoutvisible,violentandforcibleentryintothevehicle
Extra20%oftheclaim Noinformationavailable
04 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ALEXANDER FORBES: ENVOY
DISCOVERYINSURE| 40
Discovery Insure: Classic Plan Alexander Forbes: Envoy
Watercraft
Basicexcess:Intheeventofcollision,includingwrite-offandoutboardmotorsdroppingoff
R2750 2%ofsuminsured(minimumR500)
Basicexcess:Whenthepilotis55yearsorolderandapensionerorretired
R0 2%ofsuminsured(minimumR500)
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 2%ofsuminsured(minimumR500)
Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheForbesEnvoyPolicySchedule.
Thiscomparisonwasdonebasedontheinformationgatheredfromthesourcesstatedbelow.Atthetimeofthecomparison,notallthespecificdetailsneededtocompletethispartofthecomparisonwereavailable.
SourcesAlexanderForbesEnvoyPolicywordingAlexanderForbesEnvoyPlanSchedulesAlexanderForbesEnvoyBrochurewww.alexanderforbes.co.za
41 | DISCOVERYINSURE
RewardssummaryDiscovery Insure: Executive Plan CIB: Vertex
Rewards
VitalitydriveClientscanearnuptoR750inBPfuelrewardseachmonthClientsarerewardedfordrivingbehaviour,knowledgeandawareness,andvehiclesafety
Nocomparablebenefit
Excess Funder Account (EFA)
Upto10%ofmonthlypremium,fromthestartoftheplan,basedonVitalitydrivestatusispaidintotheirEFA(forexample,uptoR100eachmonthfromthestartoftheplan,basedonanaveragemotorpremiumofR1000eachmonth)ClientscanalsodoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirEFA,uptoR1500
Nocomparablebenefit
Young Adult Plan rewards
Youngadultsget25%ofpremiumplusuptoR200permonthaftereverysixmonths(forexample,uptoR2700everysixmonthsfrominception,basedonanaveragemotorpremiumofR1000eachmonth)
Nocomparablebenefit
Tiger Wheel & Tyre discounts 10%discountatstores Nocomparablebenefit
Costandcarhiresummary Discovery Insure: Executive Plan CIB: Vertex
Incentive-based rewards programmeVitalitydriveR55eachmonth
Nocomparableinformation
Tracking deviceProvidedatnoextracostandinstalledat atimeandplacewhichisconvenientto theclient
Noinformationavailable
Contractual obligations None Noinformationavailable
Car hire Providedatnoextracost Optionalatextracost(R63permonth)
05 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO CIB: VERTEX
DISCOVERYINSURE| 42
Basicexcessstructuresummary
Discovery Insure: Executive Plan CIB: Vertex
Motor R2750 Greaterof5%ofclaimorR2000
Windscreenrepairs R0 R0
Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R0
TheftorhijackingGreaterof10%ofclaimorR2000
Buildings and household contents
R750
R1000(buildings)R0(firstcontentsclaiminany12-monthperiod)R2500(foranyfollowingcontentsclaiminany12-monthperiod)
Geysers,fire,hail,lightning,explosion,storm,water,snow,flood,earthquake,maliciousdamage
R0 Variousexcessesapply
Pensioners R0if55yearsorolderandretired Not clear
Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses.Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureVitalitydriveclientsalsobenefitfromtheirExcessFunderAccountintheeventofamotorclaim,whichisnotincludedinthissummary.CIB’sVertexplanofferinghasaseriesofextraexcessesforevents,forexample,wherethedriver’slicenceislessthantwoyearsold,wherethepersondrivingthevehicleislessthan25yearsold,forsupercars,andtimeofdaywhenanaccidenttookplace.
Otherkeyfeatures
Discovery Insure: Vitalitydrive CIB: Vertex
Motor safety
Stolenvehiclerecovery,atnoextracostwithVitalitydrive √ x
Insurertakesresponsibilityforworkingconditionofdevice √ x
ImpactAlert √ x
Tripreports √ x
Real-timelocation √ x
Batteryandignitiontampering √ x
Earlyweatherwarnings √ x
Geozone(preferredarea) √ x
Emergencymedicalroadsideassistance √ x
Panicbutton √ x
Note:MotorsafetyfeaturesmaybeavailableseparatefromCIB’sVertexplanoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotincludedintheVertexplanunlesstheyarethoughtnecessaryforthetypeandsuminsuredofthevehicle.Costsarefortheclient’sownaccount.
43 | DISCOVERYINSURE
Discovery Insure: Vitalitydrive CIB: Vertex
Motor product
Write-offaccelerator √ x
Retailvaluebooster √ x
Household contents
No-averageguarantee √ x
Portable possessions
Estimatedmaximumloss √ x
FastTrackclaims √ x
All non-motor sections of cover
Xpressassessing √ x
Whathappenswhenaclienthasaclaim?
Discovery Insure: Vitalitydrive CIB: Vertex
Impactofclaiming ClientcanloseVitalitydriverewardsofuptoamaximumofR100eachmonthforamotorclaim only
Claimsexperiencemayaffectpremiumsatanniversary
Claimsexperiencemayaffectpremiumsatanniversary
Note: BothDiscoveryInsureandCIBapplydiscountsforclaimfree-yearswhendeterminingtheoriginalpremiumatthestartoftheplan.
Cover summaryAccidentaldamagecoverDiscoveryInsureprovidescomprehensiveaccidentaldamagecoverautomaticallyontheExecutivePlanunderbuildingsandhouseholdcontents.Undertheirhouseholdcontentssection,CIB’sVertexplanofferingincludesaccidentaldamagecoverintheirstandardproductuptoR50000,withanoptionalbuy-upforcomprehensiveaccidentaldamagecover.
CarhireDiscoveryInsureprovidescarhirefor30daysaspartofourstandardofferingwiththeoptiontobuyupto60days.ClientswhochoosenottotakecarhireatclaimsstagearepaidbackR100foreachdayfortheperiodthatcarhirewasnottaken.CIBVertexprovidesoptionalcarhireofupto60days.
Benefitlimitcomparison
Discovery Insure: Executive Plan CIB: Vertex
General
Claimspreparationcosts R10000 Noinformationavailable
Jewellery,artandcollectableitems R25000wherenovaluationcertificateisprovided
R20000wherenovaluationcertificateisprovided
05 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO CIB: VERTEX
DISCOVERYINSURE| 44
Discovery Insure: Executive Plan CIB: Vertex
Motor vehicles, motorcycles, caravans and trailers
Carhire 30dayswithabuy-upoptionandasstatedinthePlanSchedule
Optionalbuy-up(30,60daysManual,Automatic,Executive)
Creditshortfall R250000(optionalbuy-up) R200000(optionalbuy-up)
Emergencyrepairs R10000 R5000
Keys,locksandremotecontrolunits R20000 R15000
Recoverycostsfollowingtheftorhijack R20000 Noinformationavailable
Repatriation R20000 R5000ifnotarrangedthroughVertex
Thirdpartyliability R10000000 R1000000withoptiontobuy-up
Towingandstoragefollowingaccident
Unlimited.R2000ifnotarrangedandauthorisedthroughtheDiscoveryInsurecallcentre R3500
Trauma coverFoursessionsforeachfamilymemberincludingdomesticstaffinany12-monthperiod
R5000
Buildings
Accidentaldamage Uptosuminsured Coveredasperpolicyschedule
Breakageofglassandsanitaryware Uptosuminsured Coveredasperpolicyschedule
Damagetogardens R20000 R25000
Emergencyaccommodation R10000 R5000foreachnight(maximumofR25000)
Keys,locksandremotecontrolunits R20000 Replacementcosts(underhouseholdcontents)
Rentandalternativeaccommodation Upto20%ofsuminsured 25%ofsuminsuredwithin12-monthperiod
Removaloffallentrees R10000 R10000
Publicsupplyormainsconnection Reasonablecosts Reasonablecosts
Publicauthoritiesrequirements Reasonablecosts Noinformationavailable
Firebrigadecharges Reasonablecosts Coveredasperpolicyschedules
Debrisremoval,demolitionandprofessionalfees Reasonablecosts Reasonablecosts
Securityguards Providedforupto2weeks R500foreachday,maximumof15days
Swimmingpoolfiltersandboreholepumps R30000 R25000
Household contents
Theftorattemptedtheftwithoutviolentandforcibleentry:Jewelleryandwatchesnotinuseandnotinasafe
R50000 R20000
Theftorattemptedtheftwithoutviolentandforcibleentry:Domesticoutbuildings
R50000 Noinformationavailable
Accidentaldamage:Powersurge Sum insured Coveredasperpolicyschedule
45 | DISCOVERYINSURE
Discovery Insure: Executive Plan CIB: Vertex
Accidentaldamage:Televisionsetsandglass Sum insured
Sum insuredOptionalunderbuildings:R10000R20000R30000R40000R50000R100000R250000
Accidentaldamage:Optionalbenefitifselected Sum insured R50000withoptiontobuy-up
Businessequipmentandstock-in-trade R100000
R250000Excludesstockandmoney
Coverinsideabuildingorofficewhereyouareemployed R15000 R250000
Atanyregisteredfurniturestoragedepot Uptosuminsured Nocomparablebenefit
Fridgeandfreezercontents Unlimited R20000perevent
Giftsatdwellingforspecialevents R50000 R20000
Goodsintheopen R50000 Coveredasperpolicyschedule
Groceriesandhouseholdgoodsintransit R50000 Actual costs
Keys,locksandremotecontrolunits R20000 Coveredasperpolicyschedule
Lossofwaterfromleakingpipes R25000:limitedtotwoseparateeventsinany12-monthperiod R10000:2incidentsinany12-monthperiod
Personal documents R20000 Noinformationavailable
Personaleffectsofguestsordomesticemployees R20000 R50000(R2000foranyoneitem)
Rentandalternativeaccommodation Upto20%ofthesuminsured R5000pernight(uptoR25000perevent)
Firebrigadecharges Reasonablecostsarecovered Coveredasperpolicyschedule
Securityguards Providedforupto72hours R500foreachday(maximumof15days)
Trauma cover Foursessionsforeachfamilymember,includingdomesticstaff,inany12-monthperiod R5000
Portable possessions
Generalclothingandpersonaleffects 25%ofthesuminsuredwithamaximumofR50000foreachitem,pairorset
Optionalextensionofcoverlimitedto R100000peritem
Personal documents R20000 Noinformationavailable
Watercraft
Creditshortfall(ifoptionalbenefitisselected) R250000 Nocomparablebenefit
Emergencyandrescueexpenses R10000 R10000foreachevent
05 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO CIB: VERTEX
DISCOVERYINSURE| 46
Discovery Insure: Executive Plan CIB: Vertex
Thirdpartyliabilityforeachevent R2000000 R250000foreachevent
Skiersorwatercraftliabilityfor eachevent R2000000 R50000foreachevent
Personal legal liability
Liabilitiestootherparties R5000000withoptiontobuy-upR3000000Supplementaryliabilitycovercanbepurchased(R10000000orR20000000)
Fraudulentuseofcashandcreditcards R25000fora12-monthperiod R10000
Full-houseorhole-in-one(foreachevent) R10000 R5000
Medicalexpensesofguestsanddomesticemployees R10000
Guests:R5000Domesticemployees:R10000underbuildings,R5000underhouseholdcontents
Tenant’sliability R5000000 R3000000
Wrongfularrest R100000 R50000
Excesscomparison
Discovery Insure: Classic Plan CIB: Vertex
Motor vehicle
Basicexcessintheeventofcollisionincludingwrite-offandemergencyrepair
R2750 Greaterof5%ofclaimorR2000
Basicexcesswhenthedriverofthevehicleis55yearsorolderandapensionerorretired
R0 Not clear
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0
TheftorhijackingGreaterof10%ofclaimorR2000Intheeventofthevehiclebeingrecoveredbeforesettlementoftheclaim–onlythebasicowndamageexcesswillapplyIntheeventofthevehiclebeingfittedwithanapprovedtrackingandrecoverydeviceandnotrecovered–onlythebasicowndamageexcesswillapply
Basicexcess:Windscreenreplacement R750 20%ofclaim(minimumR350)
Basicexcess:Windscreen(whenthePlanholderis55yearsorolderandapensionerorretired)
R0 Noinformationavailable
Windscreenrepairs R0 Noinformationavailable
Lossofordamagetokeys,locksandremote control units
R750(excludingtheftorhijacking)R0if55yearsorolderandretired
Noinformationavailable
Theftofspecifiedextrasoundequipment
R750R0if55yearsorolderandretired
Noinformationavailable
47 | DISCOVERYINSURE
Discovery Insure: Classic Plan CIB: Vertex
IncorrectclassofuseofvehicleinthePlanSchedule Extra20%ofclaim No cover
Motor cycle
Basicexcess:Intheeventofacollision,includingwrite-off R2750
On-road150–600cc:Greaterof10%ofgrossclaimamountorR1000Onroadlessthan600c:Greaterof10%ofgrossclaimamountorR1500
Basicexcess:Whenthedriverofthemotorcycle is 55 years or older and a pensionerorretired
R0 Not clear
Theft,hijacking,fire,lightning,explosion,storm,water,snow,flood,earthquakeormaliciousdamage
R0 Greaterof10%ofgrossclaimamountor R2000
Off-roaduse Extra:R5000(two-wheelmotorcycle) Greaterof5%ofgrossclaimamountor R1000
Basicexcess:Quadbikes
ForsuminsuredaboveR10000:R2750andany voluntary amount as selected and stated inthePlanScheduleForsuminsuredbelowR10000:R750andany voluntary amount as selected and stated inthePlanScheduleR0if55yearsorolderandretired
Greaterof5%ofgrossclaimamountor R1000
Basicexcess:WindscreenreplacementR750R0if55yearsorolderandretired
Noinformationavailable
WhenthePlanholderis55yearsorolderandapensioner R0 Not clear
Windscreenrepairs R0 Noinformationavailable
Lossofordamagetokeys,locksandremote control units R750(excludingtheftorhijacking) Noinformationavailable
IncorrectclassofuseofvehicleinthePlanSchedule Extra20%ofclaim Noinformationavailable
Caravan and trailer
Basicexcess:Intheeventofcollision,includingwrite-off R750 Greaterof5%ofgrossclaimamountorR250
Basicexcess:Whenthedriverofthemotorvehicletowingthecaravanor trailer is 55 years or older and a pensionerorretired
R0 Not clear
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 Greaterof10%ofgrossclaimamountor R1250
Lossofordamagetokeys,locksandremotecontrolunits(notapplicablefollowingtheftorhijacking)
R750R0if55yearsorolderorretired
Noinformationavailable
05 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO CIB: VERTEX
DISCOVERYINSURE| 48
Discovery Insure: Classic Plan CIB: Vertex
IncorrectclassofuseofvehicleinthePlanSchedule Extra20%ofclaim Noinformationavailable
Buildings
Basicexcessintheeventoftheftorattemptedtheft R750
R1000 Electricalgeysers:R0ifvertexcallcentrecontacted
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 Not clear
Fire,explosion,storm,water,hail,snow,lightning,flood,earthquakeormaliciousdamage
R0
LightningFirstclaimwithrespecttoelectricalappliancesin12-monthperiod:R0Claimsthatfollowwithrespecttoelectricalappliancesin12-monthperiod:R2500WaterWaterdamage:R1000
SubsidenceandlandslipR5000(limitedandcomprehensive)R0if55yearsorolderandretired
Greaterof5%ofgrossclaimamountor R2500(limitedandcomprehensive)
Keys,locksandremotecontrols(notapplicableintheeventoftheft)
R750R0if55yearsorolderandretired
Noinformationavailable
Swimmingpoolfiltersandboreholepumps
R750R0if55yearsorolderandretired
R0
BreakageofglassandsanitarywareR750R0if55yearsorolderandretired
Noinformationavailable
Household contents
Basicexcess R750
R0(firstclaiminany12-monthperiod)R2500(anyfollowingclaimwithinany12-monthperiod)
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 Not clear
Theftorattemptedtheftwithvisiblesignsofforcedentry R0 Noinformationavailable
Fire,explosion,storm,water,hail,snow,lightning,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
Keys,locksandremotecontrolsR750(excludingtheft)R0if55yearsorolderandretired
Noinformationavailable
Businessequipmentandstock-in-trade
R750(excludingtheft)R0if55yearsorolderandretired
Noinformationavailable
AccidentaldamageandpowersurgeR750(excludingtheft)R0if55yearsorolderandretired
Accidentaldamage:R1000
49 | DISCOVERYINSURE
Discovery Insure: Classic Plan CIB: Vertex
SubsidenceandlandslipR5000(ifselected)R0if55yearsorolderandretired
Greaterof5%ofgrossclaimamountor R2500
GoodsinstorageR1000R0if55yearsorolderandretired
Noinformationavailable
Portable possessions
Basicexcess:Generalclothingandpersonaleffectsandspecifieditems R750
Portableelectronicdevices:Valueofunit:R0–R3500:R450Valueofunit:R3501–R7000:R650Valueofunit:R7001–R10000:R850Valueofunit:R10001andmore:R1125Allrisks:Eachandeveryotherallriskclaim:R350Eachandeverycellphoneandpedalcycleclaim:R10%ofgrossamountwithaminimumofR350Divingequipment:R500GPS:R350FineArt:R5000
Basicexcess:WhenthePlanholderis55yearsorolderandapensioner R0 Not clear
Bicyclesandwheelchairs PedalcyclesoverR30000:R2500 Wheelchairs:R0
Theftfromanunattendedvehiclewithoutvisible,violentandforcibleentryintothevehicle
Extra20%oftheclaim Noinformationavailable
Watercraft
Basicexcess:Intheeventofcollision,includingwrite-offandoutboardmotorsdroppingoff
R2750 Greaterof5%ofgrossclaimamountorR750
Basicexcess:Whenthepilotis55yearsorolderandapensionerorretired
R0 Not clear
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 Greaterof10%ofgrossclaimamountor R1250
Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheCIBVertexPolicySchedule.
Thiscomparisonwasdonebasedontheinformationgatheredfromthesourcesstatedbelow.Atthetimeofthecomparison,notallthespecificdetailsneededtocompletethispartofthecomparisonwereavailable.
SourcesCIBVertexPolicywordingCIBVertexPlanSchedulesApril,May2013Vertex2012LaunchPresentationCIBVertexProposalFormwww.cib.co.za
05 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO CIB: VERTEX
50 | DISCOVERYINSURE
Rewardssummary
Discovery Insure: Executive Plan Echelon
Rewards
VitalitydriveClientscanearnuptoR750inBPfuelrewardseachmonthClientsarerewardedfordrivingbehaviour,knowledgeandawareness,andvehiclesafety
Nocomparablebenefit
Excess Funder Account (EFA)
Upto10%ofcarpremium,fromthestartoftheplan,basedonVitalitydrivestatusispaidintotheirEFA(forexample,uptoR100eachmonthfromthestartoftheplan,basedonanaveragemotorpremiumofR1000eachmonth)ClientscanalsodoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirEFA,uptoR1500
Nocomparablebenefit
Young Adult Plan rewards
Youngadultsget25%ofpremiumplusuptoR200permonthaftereverysixmonths(forexample,uptoR2700everysixmonthsfrominception,basedonanaveragemotorpremiumofR1000eachmonth)
Nocomparablebenefit
Tiger Wheel & Tyre discounts 10%discountatstores Nocomparablebenefit
Cost summary Discovery Insure: Executive Plan Echelon
Incentive-based rewards programmeVitalitydriveR55eachmonth
Nocomparablebenefit
Tracking deviceProvidedatnoextracostandinstalledat atimeandplacewhichisconvenientto theclient
Nocomparablebenefit
Contractual obligations None Notapplicable
Car hire Providedatnoextracost Providedatnoextracost
Basicexcessstructuresummary
Discovery Insure: Executive Plan Echelon
MotorR2750
FlatR2500or5%ofagreedlossordamageorR1500
Windscreenrepairs R0 R0
06 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ECHELON
DISCOVERYINSURE| 51
Discovery Insure: Executive Plan Echelon
Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R0
TheftorhijackingR0ifmaindriverwasdrivingorwherefittedwithEchelonrecognisedtrackingdevice
Buildings and household contents R750 R1000
Geysers,fire,hail,lightning,explosion,storm,water,snow,flood,earthquake,maliciousdamage
R0 R1000
Pensioners R0if55yearsorolderandretired Not clear
Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses.Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureVitalitydriveclientsalsobenefitfromtheirExcessFunderAccountintheeventofamotorclaim,whichisnotincludedinthissummary.
Otherkeyfeatures
Discovery Insure: Vitalitydrive Echelon
Motor safety
Stolenvehiclerecovery,atnoextracostwithVitalitydrive √ x
Insurertakesresponsibilityforworkingconditionofdevice √ x
ImpactAlert √ x
Tripreports √ x
Real-timelocation √ x
Batteryandignitiontampering √ x
Earlyweatherwarnings √ x
Geozone(preferredarea) √ x
Emergencymedicalroadsideassistance √ x
Panicbutton √ x
Note:MotorsafetyfeaturesmaybeavailableseparatefromEchelon’splanoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotincludedintheEchelonplanoffering.TrackingdevicesarenotnecessaryforanyvehicleontheEchelonplanandcostsarefortheclient’sownaccount.
Motor product
Write-offaccelerator √ x
Retailvaluebooster √ x
Household contents
No-averageguarantee √ x
Portable possessions
Estimatedmaximumloss √ x
FastTrackclaims √ x
52 | DISCOVERYINSURE
Discovery Insure: Vitalitydrive Echelon
All non-motor sections of cover
Xpressassessing √ x
Whathappenswhenaclienthasaclaim?
Discovery Insure: Vitalitydrive Echelon
Impactofclaiming ClientcanloseVitalitydriverewardsofuptoamaximumofR100eachmonthforamotorclaim onlyClaimsexperiencemayaffectpremiumsatanniversary
Claimsexperiencemayaffectpremiums at anniversary
BothDiscoveryInsureandEchelonapplydiscountsforclaimfreeyearswhendeterminingtheoriginalpremiumatthestartoftheplan.
CoverandCarhiresummaryCarhireDiscoveryInsureprovidescarhireforupto30daysaspartofourstandardofferingandtheoptiontoextendcarhiretoupto60days.ClientswhochoosenottotakecarhireatclaimsstagecanchoosetoreceiveR100foreachdayfortheperiodthatcarhireisnottaken.Echelonprovidescarhirefor30dayswiththeoptiontobuy-up.
Benefitlimitcomparison
Discovery Insure: Executive Plan Echelon
General
Claimspreparationcosts R10000 Covered
Jewellery,artandcollectableitems R25000wherenovaluationcertificateisprovided
Fine art coveredJewellerylimitedtoR50000
Motor vehicles, motorcycles, caravans and trailers
CarhireUpto30daysincludedorupto60daysifselectedandasstatedinthePlanScheduleoptiontoupgradecarhiregrouptype
Upto30daysincludedandtheoptiontoupgradecoverorextendforanunlimitedperiod
Creditshortfall R250000(optionalbuy-up) 20%ofsuminsured(optionalbuy-up,maximumR200000)
Emergencyrepairs R10000 R10000
Keys,locksandremotecontrolunits R20000 Indemnifieduptoamountstatedonpolicyschedule
Recoverycostsfollowingtheftorhijack R20000 Noinformationavailable
Repatriation R20000 UptoR20000
Thirdpartyliability R10000000 UptoR10000000
06 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ECHELON
DISCOVERYINSURE| 53
Discovery Insure: Executive Plan Echelon
Towingandstoragefollowingaccident
Unlimitedhowever,itislimitedtoR2000ifnotarrangedandauthorisedthroughtheDiscoveryInsure call centre
Reasonablecostscovered
Trauma coverFoursessionsforeachfamilymemberincludingdomesticstaffinany12-monthperiod
OptionalR28everymonthR5000foreachinsuredpersonwithamaximumofR10000foreachfamilyoccurrenceinrespectofmedical-indicatedtreatmentforbodilyinjuryorpsychiatricconsultations
Buildings
Accidentaldamage Uptosuminsured Coveredasperpolicyschedule
Breakageofglassandsanitaryware Uptosuminsured Noinformationavailable
Damagetogardens R20000RestorationofgardensUptoR50000
Emergencyaccommodation R10000 Noinformationavailable
Keys,locksandremotecontrolunits R20000 Reasonablecosts
Rentandalternativeaccommodation Upto20%ofsuminsured Reasonablecostscovered,subjecttoaggregateof25%ofbuildings
Removaloffallentrees R10000 UptoR10000fora12-monthperiod
Publicsupplyormainsconnection Reasonablecosts UptoR40000
Publicauthoritiesrequirements Reasonablecosts Reasonablecosts
Firebrigadecharges Reasonablecosts Reasonablecostsarecovered,subjecttoaggregateof25%ofbuildings
Debrisremoval,demolitionandprofessionalfees Reasonablecosts
Clearance costsReasonablecostsarecovered,subjecttoaggregateof25%ofbuildings
Securityguards Providedforupto2weeks Reasonablecosts
Swimmingpoolfiltersandboreholepumps R30000 UptoR25000
Household contents
Theftorattemptedtheftwithoutviolentandforcibleentry:Jewelleryandwatchesnotinuseandnotin asafe
R50000 R50000
Theftorattemptedtheftwithoutviolentandforcibleentry:Domesticoutbuildings
R50000Incident limitLimitbasedonQuantumReport
Accidentaldamage:Powersurge Uptosuminsured Coveredasperpolicyschedule
Accidentaldamage:Televisionsetsandglass Uptosuminsured Coveredasperpolicyschedule
Accidentaldamage:Optionalbenefitifselected Uptosuminsured Comprehensivecoverincludedinstandard
offering
Businessequipmentandstock-in-trade R100000R250000(businesscontents)Furtheroptionalbuy-upsavailable
54 | DISCOVERYINSURE
Discovery Insure: Executive Plan Echelon
Coverinsideabuildingorofficewhereyouareemployed R15000 Noinformationavailable
Atanyregisteredfurniturestoragedepot Uptosuminsured Uptocontentsmaximumindemnity
Fridgeandfreezercontents Unlimited UptoR25000
Giftsatdwellingforspecialevents R50000 UptoR50000
Goodsintheopen R50000 UptoR100000
Groceriesandhouseholdgoodsintransit R50000 Noinformationavailable
Keys,locksandremotecontrolunits R20000 Reasonablecosts
Lossofwaterfromleakingpipes R25000–limitedtotwoseparateeventsinany12-monthperiod ExtrameteredchargesuptoR25000
Personal documents R20000 R25000(includesprivatedata)
Personaleffectsofguestsordomesticemployees R20000 R50000
Rentandalternativeaccommodation Upto20%ofthesuminsured Reasonablecosts(subjecttoaggregateof25%ofcontents)
Firebrigadecharges Reasonablecosts Reasonablecosts(subjecttoaggregateof25%ofcontents)
Securityguards 72hours Reasonablecosts
Trauma cover Foursessionsforeachfamilymember,includingdomesticstaff,inany12-monthperiod
OptionalR28eachmonthR5000foreachinsuredpersonwithamaximumofR10000foreachfamilyoccurrenceformedical-indicatedtreatmentforbodilyinjuryorpsychiatricconsultations
Portable possessions
Generalclothingandpersonaleffects 25%ofthesuminsuredwithamaximumofR50000foreachitem,pairorset
Unspecifiedallrisks:Asstatedinschedule,maximumR500000
Personal documents R20000 R25000
Watercraft
Creditshortfall(ifoptionalbenefitisselected) R250000 Noinformationavailable
Emergencyandrescueexpenses R10000 Noinformationavailable
Thirdpartyliabilityforeachevent R2000000 UptoR3000000
Skiersorwatercraftliabilityfor eachevent R2000000 R2000000
Personal legal liability
Liabilitiestootherparties R5000000(optiontobuy-up) R5000000(optiontobuy-up)
Fraudulentuseofcashand credit cards R25000fora12-monthperiod UptoR5000
Full-houseorhole-in-one(foreachevent) R10000 Hole-in-one:uptoR5000
06 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ECHELON
DISCOVERYINSURE| 55
Discovery Insure: Executive Plan Echelon
Medicalexpensesofguestsanddomesticemployees R10000 Noinformationavailable
Tenant’sliability R5000000 R3000000
Wrongfularrest R100000 R100000
DiscoveryInsureprovideanAssetInventoryoptionatnoextracostforhouseholdcontentsvaluedatmorethanR1500000andissuesclientswithNo-averageguarantee.EchelonoffersasimilarserviceatanadditionalcostofR90permonthfor24months.
Excesscomparison
Discovery Insure: Classic Plan Echelon
Motor vehicle
Basicexcessintheeventofcollisionincludingwrite-offandemergencyrepair
R2750
Basicexcess:FlatexcessofR2500or5%ofagreedlossordamageorR1500R0ifdamagedinacollisionwhilstbeingdrivenbythemaindriver,orstolenorhijackedfromtheclient’scustodyorcontrol,andifthevehicleiswithinoneyearoffirstuseorinsurance(onlythefirstdatebeingapplicable)
Basicexcesswhenthedriverofthevehicleis55yearsorolderandapensionerorretired
R0 Not clear
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0TheftorhijackingR0ifmaindriverorwherefittedwithEchelonrecognisedtrackingdevice
BasicExcess:Windscreenreplacement R0 Greaterof20%ofclaimorR250
BasicExcess:Windscreen(whenthePlanholderis55yearsorolderandapensionerorretired)
R0 Not clear
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units
R750(excludingtheftorhijacking)R0if55yearsorolderandretired
10%minimumR250
Theftofspecifiedextrasoundequipment
R750R0if55yearsorolderandretired
R1000
IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim Noinformationavailable
Motor cycle
Basicexcess:Intheeventofacollision,includingwrite-off R2750
Greaterof5%ofagreedlossordamage orR1500FlatexcessoptionofR2500Excesswaiverisoptional
Basicexcess:Whenthedriverofthemotorcycle is 55 years or older and a pensionerorretired
R0 Not clear
56 | DISCOVERYINSURE
Discovery Insure: Classic Plan Echelon
Theft,hijacking,fire,lightning,explosion,storm,water,snow,flood,earthquakeormaliciousdamage
R0 R2500or5%ofagreedlossordamage orR1500
Off-roaduse ExtraR5000(two-wheelmotorcycle) Noinformationavailable
Basicexcess:Quadbikes
ForsuminsuredaboveR10000:R2750andany voluntary amount as selected and stated inthePlanScheduleR0if55yearsorolderandretired
Noinformationavailable ForsuminsuredbelowR10000:R750andany voluntary amount as selected and stated intheplanschedule
Basicexcess:Windscreenreplacement R750 Noinformationavailable
WhenthePlanholderis55yearsorolderandapensioner R0 Noinformationavailable
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units R750(excludingtheftorhijacking) 10%ofclaim(minimumR250)
IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim Noinformationavailable
Caravan and trailer
Basicexcess:Intheeventofcollision,includingwrite-off R750 Greaterof5%ofagreedlossordamageor
R250
Basicexcess:Whenthedriverofthemotorvehicletowingthecaravanor trailer is 55 years or older and a pensionerorretired
R0 Noinformationavailable
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
Lossofordamagetokeys,locksandremotecontrolunits(notapplicablefollowingtheftorhijacking)
R750R0if55yearsorolderandretired
Noinformationavailable
IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim Noinformationavailable
Buildings
Basicexcessintheeventoftheftorattemptedtheft R750 R1000
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 Not clear
Fire,lightning,explosion,water,hail,storm,snow,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
SubsidenceandlandslipR5000(limitedandcomprehensive)R0if55yearsorolderandretired
R0
06 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ECHELON
DISCOVERYINSURE| 57
Discovery Insure: Classic Plan Echelon
Keys,locksandremotecontrols(notapplicableintheeventoftheft)
R750R0if55yearsorolderandretired
R0
Swimmingpoolfiltersandboreholepumps
R750R0if55yearsorolderandretired
R0
BreakageofglassandsanitarywareR750R0if55yearsorolderandretired
Noinformationavailable
Household contents
Basicexcess R750 R1000
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 R0
Theftorattemptedtheftwithvisiblesignsofforcedentry R0
Extra:Greaterof10%ofclaimorR1000(duringfirst30daysofcover,includingdeliberateorwilfulactofanyperson)
Fire,explosion,storm,water,hail,snow,lightning,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
Keys,locksandremotecontrolsR750(excludingtheft)R0if55yearsorolderandretired
R0
Businessequipmentandstock-in-trade
R750(excludingtheft)R0if55yearsorolderandretired
R0
AccidentaldamageandpowersurgeR750(excludingtheft)R0if55yearsorolderandretired
AccidentaldamageR250
SubsidenceandlandslipR5000(ifselected)R0if55yearsorolderandretired
Noinformationavailable
GoodsinstorageR1000R0if55yearsorolderandretired
R2500
Portable possessions
Basicexcess:Generalclothingandpersonaleffectsandspecifieditems R750
Unspecifiedallrisks:R1000Specifiedallrisks:variable
Basicexcess:WhenthePlanholderis55yearsorolderandapensioner R0 R0
Bicyclesandwheelchairs PedalcycleswithvalueoverR30000:R2500 BicyclesoverR50000:R2500
Theftfromanunattendedvehiclewithoutvisible,violentandforcibleentryintothevehicle
Extra20%oftheclaim No cover
Watercraft
58 | DISCOVERYINSURE
Discovery Insure: Classic Plan Echelon
Basicexcess:Intheeventofcollision,includingwrite-offandoutboardmotorsdroppingoff
R2750 10%minimumR2000
Basicexcess:Whenthepilotis55yearsorolderandapensionerorretired
R0 Not clear
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 Noinformationavailable
Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheEchelonPolicySchedule.
Thiscomparisonwasdonebasedontheinformationgatheredfromthesourcesstatedbelow.Atthetimeofthecomparisonnotallthespecificdetailsneededtocompletethispartofthecomparisonwereavailable.
SourcesEchelonPlanWordingEchelonPlanSchedulesApril,May2013EchelonHelpBrochure
06 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ECHELON
59 | DISCOVERYINSURE
Rewardssummary
Discovery Insure: Essential Plan OUTsurance
Rewards
VitalitydriveClientscanearnuptoR375inBPfuelrewardseachmonth
Outbonus10%ofpremiumsifclientremainsclaim-freeforthreeconsecutiveyearsIfclientremainsclaimfreeforanothertwoyearstheyreceiveanother10%backandthen10%foreveryclaim-freeyearafterwards(forexample,R100permonthafterthreeyears,basedonanaveragetotalpremiumofR1000eachmonth)Safe_driver@OUTTrackingdeviceinstalledinvehiclethatmeasuresdrivingbehaviouronly
Clientsarerewardedfordrivingbehaviour,knowledgeandawareness,andvehiclesafety
Clientscangetupto20%offmotorpremiuminadditiontoOutbonusDiscountsonlygivenafter12monthsandifclientsremainclaimfree(forexample,uptoR200eachmonthbasedonaveragemotorpremiumofR1000)
Excess Funder Account (EFA)ClientscandoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirEFA,uptoR750
Nocomparablebenefit
Young Adult Plan rewards
Youngadultsget25%ofpremiumplusuptoR100permonthaftereverysixmonths(forexample,uptoR2100everysixmonthsfrominception,basedonanaveragemotorpremiumofR1000eachmonth)
Nocomparablebenefit
Tiger Wheel & Tyre discounts 10%discountatstores Nocomparablebenefit
Costandcarhiresummary Discovery Insure: Essential Plan OUTsurance
Incentive-based rewards programmeVitalitydriveR40permonth
Safe_Driver@OUTR55permonth
Tracking device
Providedatnoextracost ProvidedatnoextracostClientsmayalsochooseatrackingdeviceatadiscountedpriceofR200eachmonthwhichallowsformoresafetyfeaturesthantheSafe_Driver@OUTInbothinstancesclienthastotakevehiclefordeviceinstallation
Contractual obligations None Contracttermisthreeyears
Car hire Optionalatextracost Optionalatextracost
07 DISCOVERY INSURE ESSENTIAL COMPARED TO OUTSURANCE
DISCOVERYINSURE| 60
Basicexcessstructuresummary
Discovery Insure: Essential Plan OUTsurance
Motor R3500 R3400
Windscreenrepairs R0 R0
Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R3500 R3400
Buildings and household contentsR1000
R2020(buildings)R1270(householdcontents)
Geysers,fire,hail,lightning,explosion,storm,water,snow,flood,earthquake,maliciousdamage
R1000 Not clear
Pensioners R0if55yearsorolderandretired R0if60yearsorolderandretired
Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses.Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureVitalitydriveclientsalsobenefitfromtheirExcessFunderAccountintheeventofamotorclaim,whichisnotincludedinthissummary.
Otherkeyfeatures
Discovery Insure: Vitalitydrive OUTsurance: Safe_Driver@OUT
Motor safety
Stolenvehiclerecovery √ x
Insurertakesresponsibilityforworkingconditionsofdevice √ Not clear
ImpactAlert √ x
Tripreports √ x
Real-timelocation √ x
Batteryandignitiontampering √ x
Earlyweatherwarnings √ x
Geozone(preferredarea) √ x
Emergencymedicalroadsideassistance √ x
Panicbutton √ Not clear
Note: MotorsafetyfeaturesmaybeavailableseparatelyfromtheOUTsurancepolicyoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.
61 | DISCOVERYINSURE
Discovery Insure: Vitalitydrive OUTsurance: Safe_Driver@OUT
Motor product
Write-offaccelerator √ x
Retailvaluebooster √ x
Household contents
No-averageguarantee √ x
Portable possessions
Estimatedmaximumloss √ x
FastTrackclaims √ x
All non-motor sections of cover
Xpressassessing √ x
Whathappenswhenaclienthasaclaim?
Discovery Insure: Vitalitydrive OUTsurance
Impact of claiming
ClientcanloseVitalitydriverewardsofuptoamaximumofR50eachmonthforamotorclaim only
Outbonusislostifaclientclaimsandanewcyclestartsagain.Thismeanstheclientwillhavetowaitforthreemoreclaim-freeyearsbeforetheycanqualifyforOutbonusrewardsagain
Claimsexperiencemayaffectpremiums at anniversary
ClaimsexperiencemayaffectpremiumsatanniversaryNoimpactonSafe_Driver@OUT
BothDiscoveryInsureandOutsuranceapplydiscountsforclaim-freeyearswhendeterminingtheinitialpremiumatinception.
Cover summary PowersurgecoverDiscoveryInsureprovidespowersurgecoverforbuildingsandhouseholdcontentsautomaticallyaspertheBenefitLimitAnnexure.Clientshavetheoptiontobuyupadditionalcoverunderhouseholdcontents.Outsuranceautomaticallycoverspowersurgesunderbuildingsandhouseholdcontents,asperthelimitsoftheirpolicyschedulesandwording.
AccidentaldamagecoverDiscoveryInsureprovidesaccidentaldamagecoverforbuildingsandhouseholdcontentsautomaticallyasstatedinourBenefitLimitAnnexure.Clientshavetheoptiontobuyupadditionalcoverunderhouseholdcontents.Outsuranceprovidesaccidentaldamagecoverunderbothbuildingsandhouseholdcontents,asperthelimitsintheirpolicyschedulesandwording.
07 DISCOVERY INSURE ESSENTIAL COMPARED TO OUTSURANCE
DISCOVERYINSURE| 62
Benefitlimitcomparison
Discovery Insure: Essential Plan OUTsurance
General
Claimspreparationcosts R1500 Noinformationavailable
Jewellery,artandcollectableitems R3000wherenovaluationcertificateisprovided
R1500(theftofstamp,coinormedalcollections)
Motor vehicles, motorcycles, caravans and trailers
CarhireOptionalbuy-upupto30or60daysifselectedandasstatedinthePlanSchedule
Optionalbuy-uprange:cheapesttoluxury,bakkiesandminibusoptions.Upto30days
Creditshortfall R150000 Optionalbuy-up
Emergencyrepairs R5000 No cover
Keys,locksandremotecontrolunits R2500 R5000
Recoverycostsfollowingtheftorhijacking R2500 Noinformationavailable
Repatriation R5000 R25000
Thirdpartyliability R3000000 R5000000optionalbuy-upR20000000
Towingandstoragefollowingaccident
Unlimited.R2000ifnotauthorisedthroughDiscovery Insure call centre Reasonablecosts
Trauma cover Foursessionsforeachfamilymemberincludingdomesticstaffinany12-monthperiod
OptionalbuyupTelephoniccounsellingandsupportaswellasthreeface-to-facecounsellingsessionsperincident
Buildings
Accidentaldamage R10000 Optionalbuy-up
Breakageofglassandsanitaryware R5000peritemupto R20000perclaim Reasonablecosts
Damagetogardens No cover No cover
Emergencyaccommodation R1500 Covered
Keys,locksandremotecontrolunits R2500 R1250
Rentandalternativeaccommodation Upto20%ofsuminsured Upto20%ofsuminsured
Removaloffallentrees No cover No cover
Publicsupplyormainsconnection Reasonablecosts Coveredasperpolicyschedule
Publicauthoritiesrequirements Reasonablecosts Coveredasperpolicyschedule
63 | DISCOVERYINSURE
Discovery Insure: Essential Plan OUTsurance
Firebrigadecharges Reasonablecosts Coveredasperpolicyschedule
Debrisremoval,demolitionandprofessionalfees Reasonablecosts Coveredasperpolicyschedule
Securityguards 24hours 12hours(followingburglary,lightningdamage,stormetc)
Swimmingpoolfiltersandboreholepumps No cover Nolimit.Includedinfacilitywhentakingout
buildingscover
Household contents
Theftorattemptedtheftwithoutviolentandforcibleentry:Jewelleryandwatchesnotinuseandnotinasafe
R5000 No cover
Theftorattemptedtheftwithoutviolentandforcibleentry:Domesticoutbuildings
R3000 Thegreaterof2%ofsuminsuredorR5000
Accidentaldamage:Powersurge R10000 Coveredasperpolicyschedule
Accidentaldamage:Televisionsetsandglass Item sum insured Coveredasperpolicyschedule
Accidentaldamage:Optionalbenefitifselected Upto10%ofsuminsured Item sum insured
Businessequipmentandstock-in-trade No cover Optionalbuy-up
Coverinsideabuildingorofficewhereyouareemployed No cover OnlycoveredifclienthasspecifiedunderOut
andAboutcover
Atanyregisteredfurniturestoragearea No cover Noinformationavailable
Fridgeandfreezercontents R3000:limitedtooneeventinany12-monthperiod R5000
Giftsatadwellingforspecialevents No cover Noinformationavailable
Goodsintheopen R5000 R5000
Groceriesandhouseholdgoodsintransit R1500 R1000
Keys,locksandremotecontrolunits R2500 R1250
Lossofwaterfromleakingpipes No cover Covered(wherepipesarefromthepermanentpartofbuilding)
Personal documents R1000 R2000
Personaleffectsofguestsor domesticemployees R2500 R5000(guests)
Rentandalternativeaccommodation Upto20%ofthesuminsured Upto20%ofthesuminsured
Firebrigadecharges Reasonablecosts Coveredasperpolicyschedule
07 DISCOVERY INSURE ESSENTIAL COMPARED TO OUTSURANCE
DISCOVERYINSURE| 64
Discovery Insure: Essential Plan OUTsurance
Securityguards Providedforupto24hours Calloutplus12-hourshift
Trauma coverFoursessionsforeachfamilymember,includingdomesticstaff,inany12-monthperiod
OptionalandatanextrafeeTelephoniccounsellingandsupportaswellasthreeface-to-facecounsellingsessionsforeachincident
Portable possessions
Generalclothingandpersonaleffects R1500peritem,pairorset R1500foreachitem
Personal documents R1000 R2000
Watercraft
Creditshortfall(ifoptionalbenefitisselected) R150000(ifselected) Optionalbuy-up
Emergencyandrescueexpenses R5000 R1500perincident
Thirdpartyliabilityperevent R2000000 R5000000
Skiersorwatercraftliabilityperevent R2000000 Covered
Personal legal liability
Liabilitiestootherparties R2500000R5000000.CanbeextendedtoR10000000(extrapremiumofR10)orR20000000(extrapremiumofR15)
Fraudulentuseofcash,creditandSIM cards R1500per12monthperiod R2500(nomentionofSIMcardsand
excludesmembersofownhousehold)
Full-houseorhole-in-onecover R1500 R1000
Medicalexpensesofguestsanddomesticemployees R3000 R1500perperson
Tenant’sliability R1000000R5000000.CanbeextendedtoR10000000(extrapremiumofR10)orR20000000(extrapremiumofR15)
Wrongfularrest No cover Noinformationavailable
Excesscomparison
Discovery Insure: Essential Plan OUTsurance
Cars
Basicexcessintheeventofcollisioninclwrite-offandemergencyrepair R3500 R3400(minimumofR1000,maximumof
25%ofvehiclevalue)
Basicexcesswhenthedriverofthevehicleis55yearsorolderandapensionerorretired
R0 R0(ifmorethan60yearsoldandretired)
65 | DISCOVERYINSURE
Discovery Insure: Essential Plan OUTsurance
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R3500 R3400
Basicexcess:Windscreenreplacement R750 R950(minimumR250)
Basicexcess:Windscreen(whenthePlanholderis55yearsorolderandapensionerorretired)
R0 R0ifmorethan60yearsoldandretired
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units
R500R0if55yearsorolderandretired
Noinformationavailable
Theftofspecifiedextrasoundequipment
R500R0if55yearsorolderandretired
R580(minimumR250)
IncorrectuseofvehicleasshowninthePlanSchedule Extra20%oftheclaim R3400(minimumR1000)
Motor cycles
Basicexcess:Intheeventofacollision,includingwrite-off R3500 R2550(minR1000)
Basicexcess:Whenthedriverofthemotorcycle is 55 years or older and a pensionerorretired
R0 R0ifmorethan60yearsoldandretired
Theft,hijacking,fire,lightning,explosion,storm,water,snow,flood,earthquakeormaliciousdamage
R3500 R2550(minimumR1000)
Off-roaduse ExtraR5000(ifselectedontwowheelmotorcycle) R2550(minimumR1000)
Basicexcess:Quadbikes
ForsuminsuredbelowR10000:R750andany voluntary amount as selected and stated inthePlanScheduleForsuminsuredaboveR10000:R3500andany voluntary amount as selected and stated inthePlanScheduleR0if55yearsorolderandretired
R2550(minimumR1000)
BasicExcess:Windscreenreplacement R750 R2550(minimumR1000)
WhenthePlanholderis55yearsorolderandapensionerorretired R0 R0ifmorethan60yearsoldandretired
Windscreenrepairs R0 R0
Lossofordamagetokeys,locksandremote control units R500 R2550(minimumR1000)
IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim R2550(minimumR1000)
07 DISCOVERY INSURE ESSENTIAL COMPARED TO OUTSURANCE
DISCOVERYINSURE| 66
Discovery Insure: Essential Plan OUTsurance
Lossofordamagetokeys,locksandremote control units R500 R2550(minimumR1000)
Caravans and trailers
Basicexcess:Intheeventofcollision,includingwrite-off R1000 R2550(minR1000)
Basicexcess:Driverofmotorvehicletowingthecaravanortraileris55yearsorolderandapensionerorretired
R0 R0ifmorethan60yearsoldandretired
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R1000 R2550(minimumR1000)
Lossofordamagetokeys,locksandremotecontrolunits(notapplicablefollowingtheftorhijacking)
R500R0if55yearsorolderandretired
R2550(minimumR1000)
IncorrectuseofvehicleasshowninthePlanSchedule Extra20%oftheclaim R2550(minimumR1000)
Buildings
Basicexcessintheeventoftheftorattemptedtheft R1000 R2020(minR1000)
Basicexcess:WhenthePlanholder is55yearsorolderandapensionerorretired
R0 R0ifmorethan60yearsoldandretired
Fire,lightning,explosion,hail,storm,snow,flood,earthquakeormaliciousdamage
R1000 R2020(minimumR1000)
Subsidenceandlandslip R5000R0if55yearsorolderandretired
R2020(minimumR1000)
Keys,locksandremotecontrols (notapplicableintheeventoftheft)
R500R0if55yearsorolderandretired
R2020(minimumR1000)
Breakageofglassandsanitaryware R1000R0if55yearsorolderandretired
R2020(minimumR1000)
Household contents
Basicexcess R1000 R1270(minimumR500)
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 R0ifmorethan60yearsoldandretired
Theftorattemptedtheftwithvisiblesignsofforcedentry R1000 R1270(minimumR500)
Fire,explosion,storm,hail,snow,lightning,flood,earthquakeormaliciousdamage
R1000 R1270(minimumR500)
Discovery Insure: Essential Plan OUTsurance
Keys,locksandremotecontrolsR500R0if55yearsorolderandretired
R1270(minimumR500)
AccidentaldamageandpowersurgeR1000R0if55yearsorolderandretired
R1270(minimumR500)
SubsidenceandlandslipR5000R0if55yearsorolderandretired
R1270(minimumR500)
Goodsinstorage No cover R1270(minimumR500)
Portable possessions
Basicexcess:Generalclothingandpersonaleffectsandspecifieditems R500 R580(minimumR250):computers,laptops
andcellphones
Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired
R0 R0ifmorethan60yearsoldandretired
Bicycles PedalcycleswithvalueoverR30000:R2500 R580
Watercraft
Basicexcess:Intheeventofcollision,includingwrite-offandoutboardmotorsdroppingoff
R2750 R1250
Basicexcess:Whenthepilotis55yearsorolderandapensionerorretired
R0 R0if60yearsorolder
Theft,hijacking,fire,lightning,explosion,storm,water,hail,snow,flood,earthquakeormaliciousdamage
R0 R1250
Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheOutsurancePolicySchedule.
Thiscomparisonwasdonebasedontheinformationobtainedfromthesourcesstatedbelow.Atthetimeofthecomparisonnotallthespecificdetailneededtocompletethispartofthecomparisonwasunavailable.
Sources OutsurancePersonalFacilityPolicyWordingOutsurancePolicySchedulesApril,May2013 OutsuranceHelp@OUTbrochure www.outsurance.co.za
07 DISCOVERY INSURE ESSENTIAL COMPARED TO OUTSURANCE
67 | DISCOVERYINSURE
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WEBSITE: WWW.DISCOVERY.CO.ZA
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DiscoveryInsureLtdisanauthorisedfinancialservicesprovider.Registrationnumber2009/011882/06.Limits, maximumfuellimits,termsandconditionsapply.Gotowww.discovery.co.zaformoredetailsorcall0860751751.
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