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COMPETITOR COMPARISON

COMPETITOR COMPARISON

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


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


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?


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.


DISCOVERYINSURE| 4

Benefitlimitcomparison


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


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


Lossofwaterfromleakingpipes R5000:limitedtotwoseparateeventsinany12-monthperiod R1000

Personal documents R2000 R1000

Personaleffectsofguestsordomesticemployees R5000 Thegreaterof2%ofsuminsuredorR5000





R5000


Generalclothingandpersonaleffects 20%ofthesuminsuredwithamaximumofR10000foreachitem,pairorset R2000

Personal documents R2000 Coveredifspecifiedunderallrisks


DISCOVERYINSURE| 6


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


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


Lossofordamagetokeys,locksandremote control units

R750(excludingtheftorhijacking)R0if55yearsorolderandretired

R250R0if55yearsorolder

7 | DISCOVERYINSURE


Theftofspecifiedextrasoundequipment

R750R0if55yearsorolderandretired


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


WhenthePlanholderis55yearsorolderandapensioner 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


R0R250R0foraccidentaldamageduetotheft orhijacking

Lossofordamagetokeys,locksandremotecontrolunits(notapplicablefollowingtheftorhijacking)



IncorrectuseofvehicleshownonthePlanSchedule Extra20%ofclaim Noinformationavailable

Buildings

Basicexcessintheeventoftheftorattemptedtheft R750 R500


DISCOVERYINSURE| 8


Basicexcess:WhenthePlanholderis55yearsorolderandapensionerorretired

R0 R0

Fire,lightning,explosion,water,hail,storm,snow,flood,earthquakeormaliciousdamage

R0 R500

SubsidenceandlandslipR5000(limitedandcomprehensive)R0if55yearsorolderandretired


Keys,locksandremotecontrols(notapplicableintheeventoftheft)


NocomparableexcessR0if55yearsorolder

Swimmingpoolfiltersandboreholepumps

R750R0if55yearsorolderandretired R0if55yearsorolder

BreakageofglassandsanitarywareR750R0if55yearsorolderandretired


Household contents

Basicexcess R750 R500


R0 R0

Theftorattemptedtheftwithvisiblesignsofforcedentry R0 R500

Fire,explosion,storm,water,hail,snow,lightning,flood,earthquakeormaliciousdamage

R0 R500 R1000(lightningdamage)

Keys,locksandremotecontrolsR750(excludingtheft)R0if55yearsorolderandretired


Businessequipmentandstock-in-trade


NocomparableexcessR0if55yearsorolder

AccidentaldamageandpowersurgeR750R0if55yearsorolderandretired


SubsidenceandlandslipR5000(ifselected)R0if55yearsorolderandretired R0if55yearsorolder

GoodsinstorageR1000R0if55yearsorolderandretired R0if55yearsorolder


Basicexcess:Generalclothingandpersonaleffectsandspecifieditems R750

Specifiedarticles:R500Mobilecommunicationdevices:R350Generalclothingandpersonaleffects:R250

9 | DISCOVERYINSURE


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


R0 Noinformationavailable

Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheSantamMultiplexPolicySchedule.

Thiscomparisonwasdonebasedontheinformationgatheredfromthesourcesstatedbelow.Atthetimeofthecomparison,notallthespecificdetailsneededtocompletethispartofthecomparisonwereavailable.

SourcesSantamPolicyWordingSantamMultiplexPolicySchedulesSantamMultiplexApplicationFormwww.santam.co.za


10 | DISCOVERYINSURE

Rewardssummary

Discovery Insure: Classic Plan Mutual & Federal: Allsure

Rewards

VitalitydriveClientscanearnuptoR750inBPfuelrewardseachmonthClientsarerewardedfordrivingbehaviour,knowledgeandawareness,andvehiclesafety

Nocomparablebenefit


Upto10%ofmonthlypremium,fromthestartoftheplan,basedonVitalitydrivestatusispaidintotheirEFA(forexample,uptoR100eachmonthfromthestartoftheplan,basedonanaveragemotorpremiumofR1000eachmonth)ClientscanalsodoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirExcessFunderAccount,uptoR1500

Nocomparablebenefit



Nocomparablebenefit


Costandcarhiresummary Discovery Insure: Classic Plan Mutual & Federal: Allsure


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



MotorR2750

DependsonthevalueofcarLowestbasicexcessisR2750


Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R0 Basicexcessdependsonthevalueofcar

(minimumR2750)



R0 R500

Pensioners R0if55yearsorolderandretired R0ifretiredandnotgainfullyemployed

Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses,(forexampleonAllsureonadditionalexcessofR1000appliestodriversyoungerthan25years.)Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureVitalitydriveclientsalsobenefitfromtheirExcessFunderAccountsintheeventofamotorclaim,whichisnotincludedinthissummary.

Otherkeyfeatures

Discovery Insure: Vitalitydrive Mutual & Federal: Allsure

Motor safety

Stolenvehiclerecovery √ x


ImpactAlert √ x

Tripreports √ x

Real-timelocation √ x

Batteryandignitiontampering √ x


Geozone(preferredarea) √ x

Emergencymedicalroadsideassistance √ x

Panicbutton √ x

MotorsafetyfeaturesmaybeavailableseparatelyfromMutual&Federalpolicies,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotsoldasanincludedfeatureoftheAllsurepolicyofferingandisaseparatearrangementunlesswhereitisthoughtnecessaryandafunctionofthetypeofandthesuminsuredofthevehicle.Costsarefortheclient’sownaccount.



Motor product



Household contents

No-averageguarantee √ x



FastTrackclaims √ √






Claimsexperiencemayaffectpremiumsatanniversary


BothDiscoveryInsureandMutual&Federalapplydiscountsforclaimfree-yearswhendeterminingtheoriginalpremiumatthestartof thepolicy.

Cover summaryAccidentaldamagecoverUnderhouseholdcontents,DiscoveryInsureoffersaccidentaldamagecoveraspartofthestandardofferingwiththeoptiontobuyupcomprehensiveaccidentaldamagecover;Mutual&FederaloffersthiscoverinasimilarwaytoDiscoveryInsure.Mutual&Federalprovidesoptionalpowersurgecoverunderbuildings,whileDiscoveryInsureprovidesthiscoverautomatically.

Carhire

DiscoveryInsureprovidescarhireforupto30daysaspartofourstandardofferingandtheoptiontoextendcarhiretoupto60days.ClientswhochoosenottotakecarhireatclaimsstagecanchoosetoreceiveR100eachdayfortheperiodinwhichcarhirewasnottaken.Mutual&Federalprovidesoptionalcarhirefor30,60or90days.


DISCOVERYINSURE| 13



General

Claimspreparationcosts R5000 Coveredasperpolicyschedule

Jewellery,artandcollectableitems R5000foreachitem,setorpairwherenovaluationcertificateisprovided

R7500foreachstampR7500foreachcoinJewellery:R25000foreachitem(maximumofR100000intotal)


Carhire Upto30daysincludedandoptiontobuy-upto 60 days Optionalbuy-up:30,60or90days

Creditshortfall UptoR250000(optionalbuy-up) Optionalbuy-up



Recoverycostsfollowingtheftorhijack R5000 Notspecificallymentioned

Repatriation R10000 No cover

Thirdpartyliability R10000000 R5000000


Unlimited(whenarrangedandauthorisedthroughcallcentre)R2000(whennotarrangedandauthorisedthroughcallcentre)

CoveredasperpolicyscheduleR2500(ifapprovedserviceproviderwasn’tused)


R7500

Buildings

Accidentaldamage R20000 Optionalbuy-up(R10000,R25000,R50000,R100000)forfixedmachineryusedinhome

Breakageofglassandsanitaryware R5000peritemuptoR40000foreachclaim Coveredasperpolicyschedule


Emergencyaccommodation R3000 Noinformationavailable

Keys,locksandremotecontrolunits R5000 Noinformationavailable



Publicsupplyormainsconnection Reasonablecosts Coveredasperpolicyschedule

Publicauthoritiesrequirements Reasonablecosts Coveredasperpolicyschedule


Debrisremoval,demolitionandprofessionalfees Reasonablecosts R10000


Swimmingpoolfiltersandboreholepumps R20000 R10000



Household contents


R20000foreachitem R25000foreachitem(maximumofR100000intotal)


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


Lossofwaterfromleakingpipes R5000:limitedtotwoseparateeventsinany12-monthperiod Nocomparablebenefit


Personaleffectsofguestsordomesticemployees R5000 R10000





R10000


Generalclothingandpersonaleffects 20%ofthesuminsuredwithamaximumofR10000foreachitem,pairorset

25%ofGeneralCompensationLimitfor eachitem

Personal documents R2000 Coverscostoflabourtoreplacedocuments


DISCOVERYINSURE| 15


Watercraft

Creditshortfall(ifoptionalbenefitisselected) R250000(ifselected) Covered in sum insured

Emergencyandrescueexpenses R5000 Coveredasperpolicyschedule

Thirdpartyliabilityforeachevent R2000000 R1000000

Skiersorwatercraftliabilityforeachevent R2000000 R1000000


Liabilitiestootherparties R2500000withoptiontobuyup R5000000



Medicalexpensesofguestsanddomesticemployees R5000 R10000

Tenant’sliability R1000000 Limitofcompensation


Excesscomparison


Motor vehicle


R2750andanyvoluntaryamountasselectedandasstatedinthePlanSchedule

Sum insured Excess

LowerthanR500000R500000–R750000R750000–R1000000R1000000–R1500000R1500000–R2000000R2000000–R2500000R2500000–R3000000R3000000–R3500000R3500000–R4000000R4000000–R5000000

R2750R5000R10000R15000R20000R22500R25000R30000R35000R40000




R0andanyvoluntaryamountasselectedandasstatedinthePlanSchedule R0onlyappliestovaluelowerthanR500000


R0 Basicexcessdependsonthevalueofthecar(minimumR2750)


Greaterof10%ofclaimorR250Noexcessapplicableifclientuses GrandmarkGlass


R0 R0




Basicexcessdependsonthevalueofthecar(minimumR2750)R0ifretiredandnotgainfullyemployed



R0

IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim No cover

Motor cycle

Basicexcess:Intheeventofacollision,includingwrite-off R2750 R1500


R0 R0


R0 R1500

Off-roaduse Extra:R5000(two-wheelmotorcycle) R1500

Basicexcess:Quadbikes

SuminsuredaboveR10000:R2750andanyvoluntary amount as selected and stated in thePlanSchedule(exceptfortheft)SuminsuredbelowR10000:R750

R1500


Greaterof10%ofclaimorR250

WhenthePlanholderis55yearsorolderandapensioner R0 R0


Lossofordamagetokeys,locksandremote control units R750(excludingtheftorhijacking) Basicexcess


DISCOVERYINSURE| 17


IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim No cover

Caravan and trailer


Basicexcess:Whenthedriverofthemotorvehicletowingthecaravanor trailer is 55 years or older and a pensionerorretired

R0 R0


R0 R500



CoveredasperpolicyscheduleR0ifretiredandnotgainfullyemployed

IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim No cover

Buildings



R0 R0


R0 R500


R5000(onlyifoptionalcoverisselected)R0ifretiredandnotgainfullyemployed



R500R0ifretiredandnotgainfullyemployed






Household contents



R0 R0

Theftorattemptedtheftwithvisiblesignsofforcedentry R0

R500R0foroutbuildings,whereemployed,wheregoodsrepairedifvisibleforcedentrycan beproved




R0 R500





R500


Optionalbuy-up:LimitR10000:R500LimitR25000:R1000LimitR50000:R1500LimitR100000:R2000R0ifretiredandnotgainfullyemployed

SubsidenceandlandslipR5000(ifselected)R0if55yearsorolderandretired

R5000(optional)R0ifretiredandnotgainfullyemployed

GoodsinstorageR1000R0if55yearsorolderandretired




R250Computers:R500


Bicyclesandwheelchairs PedalcyclesoverR30000:R2500 Noinformationavailable


Planexclusion No cover

Watercraft


R2750 R500


R0 R0


R0 R500

Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,oranyadditionalexcessesincludedintheMutual&FederalAllsurePolicySchedule.


SourcesMutual&FederalAllsurePolicyWordingMutual&FederalAllsurePolicySchedulesMutual&FederalAllsureProposalForm



Rewardssummary

Discovery Insure: Classic Plan Alexander Forbes: Priceless

Rewards


Nocomparablebenefit


Upto10%ofmonthlypremium,fromthestartoftheplan,basedonVitalitydrivestatusispaidintotheirEFA(forexample,uptoR100eachmonthfromthestartoftheplan,basedonanaveragemotorpremiumofR1000eachmonth)ClientscanalsodoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirEFA,uptoR1500

Nocomparablebenefit



Nocomparablebenefit


Costandcarhiresummary Discovery Insure: Classic Plan Alexander Forbes: Priceless


Nocomparablebenefit

Tracking deviceProvidedatnoextracostandinstalledat atimeandplacewhichisconvenientto theclient

Nocomparablebenefit


Car hire ProvidedatnoextracostProvidedatnocostfollowingtheftandhijackAvailablefollowingaccidentsatanextracost(R35pm)

03 DISCOVERY INSURE CLASSIC PLAN COMPARED TO ALEXANDER FORBES: PRICELESS

DISCOVERYINSURE| 20



Motor R2750 R3250


Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R0

R3250R0forfire,lightning,explosion



R0 R500

Pensioners R0if55yearsorolderandretired R0formotorclaimsif55yearsorolder andretired

Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses.Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureclientsalsobenefitfromtheirExcessFunderAccountintheeventofamotorclaim,whichisnotincludedinthissummary.AlexanderForbeshasaseriesofextraexcessesforeventssuchaslicenceslessthanthreeyearsold,firstandfollowingclaimswithinthefirstsixmonthsofthepolicystartdate,thetimeofdaywhentheaccidenthappenedandwherethespecifieddistancetravelledisexceeded.

Otherkeyfeatures

Discovery Insure: Vitalitydrive Alexander Forbes: Priceless

Motor safety



ImpactAlert √ x

Tripreports √ x






Panicbutton √ x

MotorsafetyfeaturesmaybeavailableseparatelyfromAlexanderForbes’Pricelesspolicyoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotsoldasanincludedfeatureofthePricelesspolicyofferingandareaseparatearrangement.Trackingdevicesarenotrequiredforanyvehiclesonthepolicyandcostsarefortheclient’sownaccount.



Motor product



Household contents












BothDiscoveryInsureandAlexanderForbesapplydiscountsforclaim-freeyearswhendeterminingtheoriginalpremiumatthestartof thepolicy.

Cover summaryAccidentaldamagecoverDiscoveryInsureprovidesaccidentaldamagecoverautomaticallyunderbuildings.Underhouseholdcontents,weprovideaccidentaldamagecoverforaudiovisualequipmentandglass(includingdamagecausedbypowersurges).DiscoveryInsurealsogivesclientstheoptiontopurchasecomprehensiveaccidentaldamagecoverunderhouseholdcontents.AlexanderForbesoffersanallriskspolicyandprovidesaccidentaldamageandpowersurgecoverunderhouseholdcontentsandbuildings.

CarhireDiscoveryInsureprovidescarhireforupto30daysaspartofourstandardofferingandtheoptiontoupgradethecarhireandextendthecarhiretoupto60days.ClientswhochoosenottotakecarhireatclaimsstagecanchoosetoreceiveR100eachdayfortheperiodinwhichcarhirewasnottaken.AlexanderForbesprovidescarhirefor30daysfollowingatheftorhijackwithoptionalbuy-upstoextendcovertoaccidents.Optionalbuy-upsarealsoavailabletoextendcarhireto60daysortoupgradetoexecutivecarhire.


DISCOVERYINSURE| 22



General

Claimspreparationcosts R5000 R5000or10%ofsuminsuredwhicheverisless

Jewellery,artandcollectableitems R5000foreachitem,setorpairwherenovaluationcertificateisprovided

Unspecifiedstamporcoinlimit:R3000foranyonecoinorstampformingpartofacollection(coveredunderhouseholdcontents)


Carhire Upto30daysincludedandtheoptiontobuyupto60days

Automaticallyprovidedfollowingtheftandhijacking:30days(Optionalbuy-upforaccident)Optionalbuy-up:upto60daysOptionalbuy-up:Executivecarhire

Creditshortfall UptoR250000(optionalbuy-up) Optionalbuy-up



Recoverycostsfollowingtheftorhijack R5000 Covered(immobilisedvehicle)

Repatriation R10000 Covered(immobilisedvehicle)

Thirdpartyliability R10000000 Coveredasperpolicyschedule


Unlimited(whenarrangedandauthorisedthroughcallcentre)R2000(whennotarrangedandauthorisedthroughcallcentre)Coveredfortow-intonearestrepairerfollowingbreakdownadditionalcostsarefortheclientsownaccountfortow-intootherrepairers

CoveredasperpolicyscheduleUptoR1000inany12monthperiodfollowingabreakdowntoprotectvehicleandtowtorepairer


R5000perpersonperevent

Buildings Primary Cover

Accidentaldamage R20000 Sum insured

Breakageofglassandsanitaryware R5000peritemuptoR40000foreachclaim Coveredasperpolicyschedule

Damagetogardens R10000 R15000(gardenextension,includingtheft)



Rentandalternativeaccommodation 20%ofthesuminsured 25%ofsuminsured

Removaloffallentrees R3000

Nodamagetobuildings:R5000inany12monthperiod Damagetobuildings:Coveredupto10%allowedforunderdebrisremovalextension


Publicauthoritiesrequirements Reasonablecosts 10%ofsuminsured



Firebrigadecharges Reasonablecosts Coveredasperpolicyschedule

Debrisremoval,demolitionandprofessionalfees Reasonablecosts 10%ofsuminsured


Swimmingpoolfiltersandboreholepumps R20000 R10000forbreakdownotherwisenotlimited

Household contents Cover Option A


R20000foreachitem Coveredasperpolicyschedule


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


Groceriesandhouseholdgoodsintransit R5000 R10000


Lossofwaterfromleakingpipes R5000:limitedtotwoseparateeventsinany12-monthperiod R15000

Personal documents R2000 R15000(optionalbuy-up)

Personaleffectsofguestsordomesticemployees R5000

R5000foreachguestUnlimitedfordomesticemployees

Rentandalternativeaccommodation Upto20%ofthesuminsured 25%ofsuminsured




R5000perpersonperevent


DISCOVERYINSURE| 24




Unspecifiedarticlelimit:25%ofsuminsuredwithamaximumofR30000foranyitem


Watercraft

Creditshortfall(ifoptionalbenefitisselected) R250000(ifselected) Noinformationavailable

Emergencyandrescueexpenses R5000 Reasonablecosts


Skiersorwatercraftliabilityforeachevent R2000000 R1000000


Liabilitiestootherparties R2500000withoptiontobuyup R5000000withtheoptiontobuy-up



Medicalexpensesofguestsanddomesticemployees R5000 Noinformationavailable


Wrongfularrest R50000 R50000foreachincident

Excesscomparison


Motor vehicle


R2750andanyvoluntaryamountasselectedandasstatedinthePlanSchedule

R3250(everythingexcludingfire,lightning,explosion)


R0andanyvoluntaryamountasselectedandasstatedinthePlanSchedule R0if55yearsorolderandretired



BasicExcess:Windscreenreplacement R750 Greaterof15%ofagreedlossorR350

BasicExcess:Windscreen(whenthePlanholderis55yearsorolderandapensionerorretired)

R0 R0






R0



R0unlessnotfactoryfittedsoundsystemBenefitlimit:R3000or5%ofvehiclevalue

IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim Greaterof20%ofagreedlossorR2000

Motor cycle

Basicexcess:Intheeventofacollision,includingwrite-off R2750 5%ofagreedlossordamage(minimumR500)


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)



WhenthePlanholderis55yearsorolderandapensioner R0 5%ofagreedlossordamage(minimumR500)

Windscreenrepairs R0 5%ofagreedlossordamage(minimumR500)


IncorrectuseofvehicleasshownonthePlanSchedule Extra20%ofclaim Noinformationavailable

Caravan and trailer



R0 R250


R0 R250



R0



DISCOVERYINSURE| 26


Buildings Primary Cover



R0 Not clear


R0 R500


Greaterof5%ofdamageorR5000



R0



Noinformationavailable



Household contents Cover Option A





R500IncreasedtoR1000:Ifclientreceivedapremiumdiscountforhavinghighsecurity,butthesesecurityrequirementswerenotmetatthetimeofthelossordamage




R0



R0






R0





Generalorcaravancontents:R250(excludingtheft)DoesnotapplytospecifieditemsWheretheftfromcarorcaravanwithforcibleandviolententrycannotbeproven(excludingsoundequipment):20%ofloss

Basicexcess:WhenthePlanholderis55yearsorolderandapensioner R0 Noinformationavailable

Bicyclesandwheelchairs PedalcyclesoverR30000:R2500 Pedalcycles:Greaterof5%oflossorR500


Planexclusion Noinformationavailable

Watercraft


R2750 2%ofsuminsured(minimumR500)





PleasenotethatAlexanderForbeshasanelectronicequipmentsectionlistedseparatelyasatypeofcover.AlexanderForbesoffercoveroptionsA,B,CandDunderhouseholdcontentsofwhichcoveroptionAisthemostcomprehensive.AlexanderForbesoffersaseparatepensionerpolicyoffer,called55Plus,whichisaimedatretiredindividualsunderwhichtheypaynobasicexcessunderanysectionsoftheircover.

Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheAlexanderForbesPricelessPolicySchedule.


SourcesAlexanderForbesPricelessPolicywordingAlexanderForbesPricelessPolicySchedulesAlexanderForbesPricelessbrochurewww.alexanderforbes.co.za



Rewardssummary

Discovery Insure: Executive Plan Alexander Forbes: Envoy

Rewards


NocomparablebenefitDiscountsmayalsobeofferedforcompletinganadvanceddrivingcourse



Nocomparablebenefit



Nocomparablebenefit


Costandcarhiresummary Discovery Insure: Executive Plan Alexander Forbes: Envoy


Nocomparablebenefit


Nocomparablebenefit


Car hire Providedatnoextracost Providedatnocostfortheft,hijackandaccident

04 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ALEXANDER FORBES: ENVOY

DISCOVERYINSURE| 32



Motor R2750 R3250



BasicexcessR0forfire,lightning,explosion



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


ImpactAlert √ x

Tripreports √ x






Panicbutton √ x

Note:MotorsafetyfeaturesmaybeavailableseparatelyfromAlexanderForbes’Envoyplanoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotincludedintheEnvoyplanoffering.TrackingdevicesarenotnecessaryforanyvehiclesontheEnvoyplanandcostsarefortheclient’sownaccount.



Motor product


RetailvalueboosterMultiVehiclebenefit √ x

Household contents












BothDiscoveryInsureandAlexanderForbesapplydiscountsforclaim-freeyearswhendeterminingtheoriginalpremiumatthestartoftheplan.

Cover summaryCarhireDiscoveryInsureprovidescarhireforupto30daysaspartofourstandardofferingandtheoptiontoupgradeandextendthecarhiretoupto60days.ClientswhochoosenottotakecarhireatclaimsstagecanchoosetoreceiveR100foreachdayfortheperiodthatcarhireisnottaken.AlexanderForbesprovidescarhirefor30daysfollowingatheft,hijackingoraccidentwithoptionalbuy-upstoextendcarhireto60daysortoupgradetoexecutivecarhire.

PleasenotethatAlexanderForbesprovidespersonalaccident,identitytheftandtyrecovernotprovidedbyDiscoveryInsure.


DISCOVERYINSURE| 34



General

Claimspreparationcosts R10000 R10000or10%ofsuminsured,whicheveris less

Jewellery,artandcollectableitems R25000wherenovaluationcertificateprovided

Unspecifiedstamporcoinlimit:R5000foranyonecoinorstampformingpartofacollectionunderhouseholdcontents


CarhireUpto30daysincludedandtheoptiontobuyupto60daysifselectedandasstatedinthePlanSchedule

Theftorhijacking:AutomaticcategoryBvehiclefor30dayswithupgradeoptionAccident:Automaticandupgradeoptionsof60daysandanexecutivecar

Creditshortfall R250000(optionalbuy-up) Noinformationavailable


Keys,locksandremotecontrolunits R20000 Coveredasperpolicyschedule

Recoverycostsfollowingtheftorhijack R20000 Covered(immobilisedvehicle)

Repatriation R20000 Covered(immobilisedvehicle)

Thirdpartyliability R10000000 R5000000plusExtendedLiabilitylimit


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


Rentandalternativeaccommodation Upto20%ofsuminsured Upto25%ofsuminsured

Removaloffallentrees R10000

Nodamagetobuildings:R5000inany12monthperiod Damagetobuildings:Coveredupto10%allowedforunderdebrisremovalextension


Publicauthoritiesrequirements Reasonablecosts 10%ofsuminsured




Debrisremoval,demolitionandprofessionalfees Reasonablecosts 10%ofsuminsured

Securityguards Suppliedforupto2weeksR15000(temporaryprotection)UptoR5000(upgradingofsecurityfollowingbreak-in,excludingoutbuildings)

Swimmingpoolfiltersandboreholepumps R30000 R15000forbreakdownotherwisenotlimited

Household contents Cover option A





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


Goodsintheopen R50000 R25000foreachevent

Groceriesandhouseholdgoodsintransit R50000

R60000(furniture–purchaseorrenovations)R15000(groceries)


Lossofwaterfromleakingpipes R25000:Limitedtotwoseperateeventsinany12monthperiod FreeuptoR25000(optional)


Personaleffectsofguestsordomesticemployees R20000

Guests:R10000foreachguestDomesticemployees:Unlimited

Rentandalternativeaccommodation Upto20%ofthesuminsured Upto25%ofsuminsured


Securityguards 72hours R15000perevent

Trauma cover Foursessionsforeachfamilymember,includingdomesticstaff,inany12monthperiod R5000perpersonperevent


DISCOVERYINSURE| 36




Unspecifiedarticlelimit:25%ofsuminsuredwithamaximumofR50000foranyitem

Personal documents R20000 Noinformationavailable

Watercraft

Creditshortfall(ifoptionalbenefitisselected) R250000 Nocomparablebenefit

Emergencyandrescueexpenses R10000 Reasonablecosts


Skiersorwatercraftliabilityfor eachevent R2000000 R1000000


Liabilitiestootherparties R5000000withoptiontobuy-up R5000000withtheoptiontobuy-up





Wrongfularrest R100000 R50000foreachincident


Excesscomparison

Discovery Insure: Classic Plan Alexander Forbes: Envoy

Motor vehicle


R2750 R3250(everythingexcludingfire,lightning,explosion)


R0 R0



BasicExcess:Windscreenreplacement R0 Greaterof15%ofagreedlossorR350


R0 R0




R0if55yearsorolderandretired



R0,unlessnotfactoryfittedsoundsystem-benefitlimit:R3000or5%ofvehiclevalue R0if55yearsorolderandretired

IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim Greaterof20%ofagreedlossorR2000

Motor cycle

Basicexcess:Intheeventofacollision,includingwrite-off R2750 5%ofagreedlossordamage(minimumR500)





Off-roaduse Extra:R5000(two-wheelmotorcycle) 5%ofagreedlossordamage(minimumR500)


ForsuminsuredaboveR10000:R2750andany voluntary amount as selected and stated inthePlanScheduleForsuminsuredbelowR10000:R750andany voluntary amount as selected and stated intheplanscheduleR0if55yearsorolderandretired


Basicexcess:Windscreenreplacement R750 5%ofagreedlossordamage(minimumR500)


DISCOVERYINSURE| 38


WhenthePlanholderis55yearsorolderandapensioner R0 5%ofagreedlossordamage(minimumR500)

Windscreenrepairs R0 5%ofagreedlossordamage(minimumR500)



Caravan and trailer



R0 R0





R0


Buildings Primary cover



R0 Not clear


R0 R500


Greaterof5%ofdamageorR5000



R0








Household contents Cover option A





R500IncreasedtoR1000:Ifclientreceivedapremiumdiscountforhavinghighsecurity,butthesesecurityrequirementswerenotmetatthetimeoftheloss/damage




R0


R750(excludingtheft)R0if55yearsorolderandretired


AccidentaldamageandpowersurgeR750(excludingtheft)R0if55yearsorolderandretired








Generalorcaravancontents:R250(excludingtheft)DoesnotapplytospecifieditemsTheftfromcarorcaravanwhereforcibleandviolententrycannotbeproven(excludingsoundequipment):20%ofloss

Basicexcess:WhenthePlanholderis55yearsorolderandapensioner R0 Noinformationavailable

Bicyclesandwheelchairs PedalcyclesoverR30000:R2500 Pedalcycles:Greaterof5%oflossorR500


Extra20%oftheclaim Noinformationavailable


DISCOVERYINSURE| 40


Watercraft



Basicexcess:Whenthepilotis55yearsorolderandapensionerorretired




Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheForbesEnvoyPolicySchedule.


SourcesAlexanderForbesEnvoyPolicywordingAlexanderForbesEnvoyPlanSchedulesAlexanderForbesEnvoyBrochurewww.alexanderforbes.co.za


RewardssummaryDiscovery Insure: Executive Plan CIB: Vertex

Rewards


Nocomparablebenefit



Nocomparablebenefit



Nocomparablebenefit


Costandcarhiresummary Discovery Insure: Executive Plan CIB: Vertex


Nocomparableinformation



Contractual obligations None Noinformationavailable

Car hire Providedatnoextracost Optionalatextracost(R63permonth)

05 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO CIB: VERTEX

DISCOVERYINSURE| 42


Discovery Insure: Executive Plan CIB: Vertex

Motor R2750 Greaterof5%ofclaimorR2000



TheftorhijackingGreaterof10%ofclaimorR2000

Buildings and household contents

R750

R1000(buildings)R0(firstcontentsclaiminany12-monthperiod)R2500(foranyfollowingcontentsclaiminany12-monthperiod)


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



ImpactAlert √ x

Tripreports √ x






Panicbutton √ x

Note:MotorsafetyfeaturesmaybeavailableseparatefromCIB’sVertexplanoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotincludedintheVertexplanunlesstheyarethoughtnecessaryforthetypeandsuminsuredofthevehicle.Costsarefortheclient’sownaccount.



Motor product



Household contents












Note: BothDiscoveryInsureandCIBapplydiscountsforclaimfree-yearswhendeterminingtheoriginalpremiumatthestartoftheplan.

Cover summaryAccidentaldamagecoverDiscoveryInsureprovidescomprehensiveaccidentaldamagecoverautomaticallyontheExecutivePlanunderbuildingsandhouseholdcontents.Undertheirhouseholdcontentssection,CIB’sVertexplanofferingincludesaccidentaldamagecoverintheirstandardproductuptoR50000,withanoptionalbuy-upforcomprehensiveaccidentaldamagecover.

CarhireDiscoveryInsureprovidescarhirefor30daysaspartofourstandardofferingwiththeoptiontobuyupto60days.ClientswhochoosenottotakecarhireatclaimsstagearepaidbackR100foreachdayfortheperiodthatcarhirewasnottaken.CIBVertexprovidesoptionalcarhireofupto60days.



General

Claimspreparationcosts R10000 Noinformationavailable

Jewellery,artandcollectableitems R25000wherenovaluationcertificateisprovided

R20000wherenovaluationcertificateisprovided


DISCOVERYINSURE| 44



Carhire 30dayswithabuy-upoptionandasstatedinthePlanSchedule

Optionalbuy-up(30,60daysManual,Automatic,Executive)

Creditshortfall R250000(optionalbuy-up) R200000(optionalbuy-up)



Recoverycostsfollowingtheftorhijack R20000 Noinformationavailable

Repatriation R20000 R5000ifnotarrangedthroughVertex

Thirdpartyliability R10000000 R1000000withoptiontobuy-up


Unlimited.R2000ifnotarrangedandauthorisedthroughtheDiscoveryInsurecallcentre R3500

Trauma coverFoursessionsforeachfamilymemberincludingdomesticstaffinany12-monthperiod

R5000

Buildings


Breakageofglassandsanitaryware Uptosuminsured Coveredasperpolicyschedule


Emergencyaccommodation R10000 R5000foreachnight(maximumofR25000)

Keys,locksandremotecontrolunits R20000 Replacementcosts(underhouseholdcontents)

Rentandalternativeaccommodation Upto20%ofsuminsured 25%ofsuminsuredwithin12-monthperiod


Publicsupplyormainsconnection Reasonablecosts Reasonablecosts

Publicauthoritiesrequirements Reasonablecosts Noinformationavailable

Firebrigadecharges Reasonablecosts Coveredasperpolicyschedules

Debrisremoval,demolitionandprofessionalfees Reasonablecosts Reasonablecosts

Securityguards Providedforupto2weeks R500foreachday,maximumof15days

Swimmingpoolfiltersandboreholepumps R30000 R25000

Household contents


R50000 R20000



Accidentaldamage:Powersurge Sum insured Coveredasperpolicyschedule



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


Goodsintheopen R50000 Coveredasperpolicyschedule

Groceriesandhouseholdgoodsintransit R50000 Actual costs


Lossofwaterfromleakingpipes R25000:limitedtotwoseparateeventsinany12-monthperiod R10000:2incidentsinany12-monthperiod


Personaleffectsofguestsordomesticemployees R20000 R50000(R2000foranyoneitem)

Rentandalternativeaccommodation Upto20%ofthesuminsured R5000pernight(uptoR25000perevent)

Firebrigadecharges Reasonablecostsarecovered Coveredasperpolicyschedule

Securityguards Providedforupto72hours R500foreachday(maximumof15days)

Trauma cover Foursessionsforeachfamilymember,includingdomesticstaff,inany12-monthperiod R5000



Optionalextensionofcoverlimitedto R100000peritem


Watercraft

Creditshortfall(ifoptionalbenefitisselected) R250000 Nocomparablebenefit

Emergencyandrescueexpenses R10000 R10000foreachevent


DISCOVERYINSURE| 46


Thirdpartyliabilityforeachevent R2000000 R250000foreachevent

Skiersorwatercraftliabilityfor eachevent R2000000 R50000foreachevent


Liabilitiestootherparties R5000000withoptiontobuy-upR3000000Supplementaryliabilitycovercanbepurchased(R10000000orR20000000)



Medicalexpensesofguestsanddomesticemployees R10000

Guests:R5000Domesticemployees:R10000underbuildings,R5000underhouseholdcontents



Excesscomparison

Discovery Insure: Classic Plan CIB: Vertex

Motor vehicle


R2750 Greaterof5%ofclaimorR2000


R0 Not clear


R0

TheftorhijackingGreaterof10%ofclaimorR2000Intheeventofthevehiclebeingrecoveredbeforesettlementoftheclaim–onlythebasicowndamageexcesswillapplyIntheeventofthevehiclebeingfittedwithanapprovedtrackingandrecoverydeviceandnotrecovered–onlythebasicowndamageexcesswillapply

Basicexcess:Windscreenreplacement R750 20%ofclaim(minimumR350)



Windscreenrepairs R0 Noinformationavailable









IncorrectclassofuseofvehicleinthePlanSchedule Extra20%ofclaim No cover

Motor cycle

Basicexcess:Intheeventofacollision,includingwrite-off R2750

On-road150–600cc:Greaterof10%ofgrossclaimamountorR1000Onroadlessthan600c:Greaterof10%ofgrossclaimamountorR1500


R0 Not clear


R0 Greaterof10%ofgrossclaimamountor R2000

Off-roaduse Extra:R5000(two-wheelmotorcycle) Greaterof5%ofgrossclaimamountor R1000


ForsuminsuredaboveR10000:R2750andany voluntary amount as selected and stated inthePlanScheduleForsuminsuredbelowR10000:R750andany voluntary amount as selected and stated inthePlanScheduleR0if55yearsorolderandretired

Greaterof5%ofgrossclaimamountor R1000



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


R0 Not clear




R750R0if55yearsorolderorretired



DISCOVERYINSURE| 48


IncorrectclassofuseofvehicleinthePlanSchedule Extra20%ofclaim Noinformationavailable

Buildings

Basicexcessintheeventoftheftorattemptedtheft R750

R1000 Electricalgeysers:R0ifvertexcallcentrecontacted


R0 Not clear


R0

LightningFirstclaimwithrespecttoelectricalappliancesin12-monthperiod:R0Claimsthatfollowwithrespecttoelectricalappliancesin12-monthperiod:R2500WaterWaterdamage:R1000


Greaterof5%ofgrossclaimamountor R2500(limitedandcomprehensive)






R0



Household contents

Basicexcess R750

R0(firstclaiminany12-monthperiod)R2500(anyfollowingclaimwithinany12-monthperiod)


R0 Not clear

Theftorattemptedtheftwithvisiblesignsofforcedentry R0 Noinformationavailable









Accidentaldamage:R1000




Greaterof5%ofgrossclaimamountor R2500





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


Extra20%oftheclaim Noinformationavailable

Watercraft


R2750 Greaterof5%ofgrossclaimamountorR750


R0 Not clear



Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheCIBVertexPolicySchedule.


SourcesCIBVertexPolicywordingCIBVertexPlanSchedulesApril,May2013Vertex2012LaunchPresentationCIBVertexProposalFormwww.cib.co.za



Rewardssummary

Discovery Insure: Executive Plan Echelon

Rewards


Nocomparablebenefit


Upto10%ofcarpremium,fromthestartoftheplan,basedonVitalitydrivestatusispaidintotheirEFA(forexample,uptoR100eachmonthfromthestartoftheplan,basedonanaveragemotorpremiumofR1000eachmonth)ClientscanalsodoubletheirVitalitydrivefuelrewardswhentheychoosetohaveitpaidintotheirEFA,uptoR1500

Nocomparablebenefit



Nocomparablebenefit


Cost summary Discovery Insure: Executive Plan Echelon


Nocomparablebenefit


Nocomparablebenefit


Car hire Providedatnoextracost Providedatnoextracost



MotorR2750

FlatR2500or5%ofagreedlossordamageorR1500


06 DISCOVERY INSURE EXECUTIVE PLAN COMPARED TO ECHELON

DISCOVERYINSURE| 51



TheftorhijackingR0ifmaindriverwasdrivingorwherefittedwithEchelonrecognisedtrackingdevice



R0 R1000

Pensioners R0if55yearsorolderandretired Not clear

Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses.Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureVitalitydriveclientsalsobenefitfromtheirExcessFunderAccountintheeventofamotorclaim,whichisnotincludedinthissummary.

Otherkeyfeatures

Discovery Insure: Vitalitydrive Echelon

Motor safety



ImpactAlert √ x

Tripreports √ x






Panicbutton √ x

Note:MotorsafetyfeaturesmaybeavailableseparatefromEchelon’splanoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.TrackingdevicesarenotincludedintheEchelonplanoffering.TrackingdevicesarenotnecessaryforanyvehicleontheEchelonplanandcostsarefortheclient’sownaccount.

Motor product



Household contents











Impactofclaiming ClientcanloseVitalitydriverewardsofuptoamaximumofR100eachmonthforamotorclaim onlyClaimsexperiencemayaffectpremiumsatanniversary

Claimsexperiencemayaffectpremiums at anniversary

BothDiscoveryInsureandEchelonapplydiscountsforclaimfreeyearswhendeterminingtheoriginalpremiumatthestartoftheplan.

CoverandCarhiresummaryCarhireDiscoveryInsureprovidescarhireforupto30daysaspartofourstandardofferingandtheoptiontoextendcarhiretoupto60days.ClientswhochoosenottotakecarhireatclaimsstagecanchoosetoreceiveR100foreachdayfortheperiodthatcarhireisnottaken.Echelonprovidescarhirefor30dayswiththeoptiontobuy-up.



General

Claimspreparationcosts R10000 Covered


Fine art coveredJewellerylimitedtoR50000


CarhireUpto30daysincludedorupto60daysifselectedandasstatedinthePlanScheduleoptiontoupgradecarhiregrouptype

Upto30daysincludedandtheoptiontoupgradecoverorextendforanunlimitedperiod

Creditshortfall R250000(optionalbuy-up) 20%ofsuminsured(optionalbuy-up,maximumR200000)


Keys,locksandremotecontrolunits R20000 Indemnifieduptoamountstatedonpolicyschedule

Recoverycostsfollowingtheftorhijack R20000 Noinformationavailable

Repatriation R20000 UptoR20000

Thirdpartyliability R10000000 UptoR10000000


DISCOVERYINSURE| 53



Unlimitedhowever,itislimitedtoR2000ifnotarrangedandauthorisedthroughtheDiscoveryInsure call centre

Reasonablecostscovered

Trauma coverFoursessionsforeachfamilymemberincludingdomesticstaffinany12-monthperiod

OptionalR28everymonthR5000foreachinsuredpersonwithamaximumofR10000foreachfamilyoccurrenceinrespectofmedical-indicatedtreatmentforbodilyinjuryorpsychiatricconsultations

Buildings


Breakageofglassandsanitaryware Uptosuminsured Noinformationavailable

Damagetogardens R20000RestorationofgardensUptoR50000


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


R50000Incident limitLimitbasedonQuantumReport

Accidentaldamage:Powersurge Uptosuminsured Coveredasperpolicyschedule

Accidentaldamage:Televisionsetsandglass Uptosuminsured Coveredasperpolicyschedule

Accidentaldamage:Optionalbenefitifselected Uptosuminsured Comprehensivecoverincludedinstandard

offering

Businessequipmentandstock-in-trade R100000R250000(businesscontents)Furtheroptionalbuy-upsavailable



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



Unspecifiedallrisks:Asstatedinschedule,maximumR500000


Watercraft

Creditshortfall(ifoptionalbenefitisselected) R250000 Noinformationavailable

Emergencyandrescueexpenses R10000 Noinformationavailable

Thirdpartyliabilityforeachevent R2000000 UptoR3000000

Skiersorwatercraftliabilityfor eachevent R2000000 R2000000


Liabilitiestootherparties R5000000(optiontobuy-up) R5000000(optiontobuy-up)

Fraudulentuseofcashand credit cards R25000fora12-monthperiod UptoR5000

Full-houseorhole-in-one(foreachevent) R10000 Hole-in-one:uptoR5000


DISCOVERYINSURE| 55





DiscoveryInsureprovideanAssetInventoryoptionatnoextracostforhouseholdcontentsvaluedatmorethanR1500000andissuesclientswithNo-averageguarantee.EchelonoffersasimilarserviceatanadditionalcostofR90permonthfor24months.

Excesscomparison

Discovery Insure: Classic Plan Echelon

Motor vehicle


R2750

Basicexcess:FlatexcessofR2500or5%ofagreedlossordamageorR1500R0ifdamagedinacollisionwhilstbeingdrivenbythemaindriver,orstolenorhijackedfromtheclient’scustodyorcontrol,andifthevehicleiswithinoneyearoffirstuseorinsurance(onlythefirstdatebeingapplicable)


R0 Not clear


R0TheftorhijackingR0ifmaindriverorwherefittedwithEchelonrecognisedtrackingdevice

BasicExcess:Windscreenreplacement R0 Greaterof20%ofclaimorR250


R0 Not clear




10%minimumR250



R1000

IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim Noinformationavailable

Motor cycle

Basicexcess:Intheeventofacollision,includingwrite-off R2750

Greaterof5%ofagreedlossordamage orR1500FlatexcessoptionofR2500Excesswaiverisoptional


R0 Not clear




R0 R2500or5%ofagreedlossordamage orR1500

Off-roaduse ExtraR5000(two-wheelmotorcycle) Noinformationavailable


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


Lossofordamagetokeys,locksandremote control units R750(excludingtheftorhijacking) 10%ofclaim(minimumR250)


Caravan and trailer

Basicexcess:Intheeventofcollision,includingwrite-off R750 Greaterof5%ofagreedlossordamageor

R250









Buildings



R0 Not clear




R0


DISCOVERYINSURE| 57




R0



R0



Household contents



R0 R0


Extra:Greaterof10%ofclaimorR1000(duringfirst30daysofcover,includingdeliberateorwilfulactofanyperson)




R0



R0


AccidentaldamageR250




R2500



Unspecifiedallrisks:R1000Specifiedallrisks:variable


Bicyclesandwheelchairs PedalcycleswithvalueoverR30000:R2500 BicyclesoverR50000:R2500


Extra20%oftheclaim No cover

Watercraft




R2750 10%minimumR2000


R0 Not clear



Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheEchelonPolicySchedule.

Thiscomparisonwasdonebasedontheinformationgatheredfromthesourcesstatedbelow.Atthetimeofthecomparisonnotallthespecificdetailsneededtocompletethispartofthecomparisonwereavailable.

SourcesEchelonPlanWordingEchelonPlanSchedulesApril,May2013EchelonHelpBrochure



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



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



Motor R3500 R3400


Theft,fire,hail,lightning,explosion,storm,snow,flood,maliciousdamage R3500 R3400

Buildings and household contentsR1000

R2020(buildings)R1270(householdcontents)


R1000 Not clear

Pensioners R0if55yearsorolderandretired R0if60yearsorolderandretired

Note:Thisbasicexcessstructuresummarycomparisondoesnotincludeallsectionsofcoveranddoesnotincludeotherextraorvoluntaryexcesses.Excessbuy-downoptionsasstatedonplanschedulesandDiscoveryInsureVitalitydriveclientsalsobenefitfromtheirExcessFunderAccountintheeventofamotorclaim,whichisnotincludedinthissummary.

Otherkeyfeatures

Discovery Insure: Vitalitydrive OUTsurance: Safe_Driver@OUT

Motor safety


Insurertakesresponsibilityforworkingconditionsofdevice √ Not clear

ImpactAlert √ x

Tripreports √ x






Panicbutton √ Not clear

Note: MotorsafetyfeaturesmaybeavailableseparatelyfromtheOUTsurancepolicyoffering,dependingonthetrackingdeviceselectedandthenatureoftheagreement.


Discovery Insure: Vitalitydrive OUTsurance: Safe_Driver@OUT

Motor product



Household contents








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.


DISCOVERYINSURE| 62



General

Claimspreparationcosts R1500 Noinformationavailable


R1500(theftofstamp,coinormedalcollections)


CarhireOptionalbuy-upupto30or60daysifselectedandasstatedinthePlanSchedule

Optionalbuy-uprange:cheapesttoluxury,bakkiesandminibusoptions.Upto30days

Creditshortfall R150000 Optionalbuy-up

Emergencyrepairs R5000 No cover


Recoverycostsfollowingtheftorhijacking R2500 Noinformationavailable

Repatriation R5000 R25000

Thirdpartyliability R3000000 R5000000optionalbuy-upR20000000


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


Rentandalternativeaccommodation Upto20%ofsuminsured Upto20%ofsuminsured

Removaloffallentrees No cover No cover


Publicauthoritiesrequirements Reasonablecosts Coveredasperpolicyschedule




Debrisremoval,demolitionandprofessionalfees Reasonablecosts Coveredasperpolicyschedule

Securityguards 24hours 12hours(followingburglary,lightningdamage,stormetc)

Swimmingpoolfiltersandboreholepumps No cover Nolimit.Includedinfacilitywhentakingout

buildingscover

Household contents


R5000 No cover


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


Groceriesandhouseholdgoodsintransit R1500 R1000


Lossofwaterfromleakingpipes No cover Covered(wherepipesarefromthepermanentpartofbuilding)


Personaleffectsofguestsor domesticemployees R2500 R5000(guests)

Rentandalternativeaccommodation Upto20%ofthesuminsured Upto20%ofthesuminsured



DISCOVERYINSURE| 64


Securityguards Providedforupto24hours Calloutplus12-hourshift

Trauma coverFoursessionsforeachfamilymember,includingdomesticstaff,inany12-monthperiod

OptionalandatanextrafeeTelephoniccounsellingandsupportaswellasthreeface-to-facecounsellingsessionsforeachincident


Generalclothingandpersonaleffects R1500peritem,pairorset R1500foreachitem


Watercraft

Creditshortfall(ifoptionalbenefitisselected) R150000(ifselected) Optionalbuy-up

Emergencyandrescueexpenses R5000 R1500perincident

Thirdpartyliabilityperevent R2000000 R5000000

Skiersorwatercraftliabilityperevent R2000000 Covered


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


Cars

Basicexcessintheeventofcollisioninclwrite-offandemergencyrepair R3500 R3400(minimumofR1000,maximumof

25%ofvehiclevalue)


R0 R0(ifmorethan60yearsoldandretired)




R3500 R3400

Basicexcess:Windscreenreplacement R750 R950(minimumR250)


R0 R0ifmorethan60yearsoldandretired







R580(minimumR250)

IncorrectuseofvehicleasshowninthePlanSchedule Extra20%oftheclaim R3400(minimumR1000)

Motor cycles

Basicexcess:Intheeventofacollision,includingwrite-off R3500 R2550(minR1000)




R3500 R2550(minimumR1000)

Off-roaduse ExtraR5000(ifselectedontwowheelmotorcycle) R2550(minimumR1000)


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


Lossofordamagetokeys,locksandremote control units R500 R2550(minimumR1000)

IncorrectuseofvehicleasshowninthePlanSchedule Extra20%ofclaim R2550(minimumR1000)


DISCOVERYINSURE| 66


Lossofordamagetokeys,locksandremote control units R500 R2550(minimumR1000)

Caravans and trailers

Basicexcess:Intheeventofcollision,includingwrite-off R1000 R2550(minR1000)

Basicexcess:Driverofmotorvehicletowingthecaravanortraileris55yearsorolderandapensionerorretired






R2550(minimumR1000)

IncorrectuseofvehicleasshowninthePlanSchedule Extra20%oftheclaim R2550(minimumR1000)

Buildings

Basicexcessintheeventoftheftorattemptedtheft R1000 R2020(minR1000)

Basicexcess:WhenthePlanholder is55yearsorolderandapensionerorretired


Fire,lightning,explosion,hail,storm,snow,flood,earthquakeormaliciousdamage


Subsidenceandlandslip R5000R0if55yearsorolderandretired

R2020(minimumR1000)

Keys,locksandremotecontrols (notapplicableintheeventoftheft)


R2020(minimumR1000)

Breakageofglassandsanitaryware R1000R0if55yearsorolderandretired

R2020(minimumR1000)

Household contents

Basicexcess R1000 R1270(minimumR500)



Theftorattemptedtheftwithvisiblesignsofforcedentry R1000 R1270(minimumR500)

Fire,explosion,storm,hail,snow,lightning,flood,earthquakeormaliciousdamage



Keys,locksandremotecontrolsR500R0if55yearsorolderandretired

R1270(minimumR500)


R1270(minimumR500)

SubsidenceandlandslipR5000R0if55yearsorolderandretired

R1270(minimumR500)

Goodsinstorage No cover R1270(minimumR500)


Basicexcess:Generalclothingandpersonaleffectsandspecifieditems R500 R580(minimumR250):computers,laptops

andcellphones



Bicycles PedalcycleswithvalueoverR30000:R2500 R580

Watercraft


R2750 R1250


R0 R0if60yearsorolder


R0 R1250

Thedetailedexcesscomparisondoesnotincludevoluntaryexcesses,andanyadditionalexcessesincludedintheOutsurancePolicySchedule.

Thiscomparisonwasdonebasedontheinformationobtainedfromthesourcesstatedbelow.Atthetimeofthecomparisonnotallthespecificdetailneededtocompletethispartofthecomparisonwasunavailable.

Sources OutsurancePersonalFacilityPolicyWordingOutsurancePolicySchedulesApril,May2013 OutsuranceHelp@OUTbrochure www.outsurance.co.za



PHYSICAL ADDRESS:155WESTSTREET,SANDTON|CALL CENTRE: 0860 751 751

EMERGENCY CALL CENTRE: 0860999911

WEBSITE: WWW.DISCOVERY.CO.ZA

GM_22306IN_05/08/13_V13

DiscoveryInsureLtdisanauthorisedfinancialservicesprovider.Registrationnumber2009/011882/06.Limits, maximumfuellimits,termsandconditionsapply.Gotowww.discovery.co.zaformoredetailsorcall0860751751.

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