Edna and Louis Groenewald are both financial advisors working with Discovery. By working as a team, they aim to provide the best financial planning creating the optimal financial portfolio for each client or business. As a proudly South African-founded financial service, Discovery operates in the healthcare, life insurance, short-term insurance, long-term savings, banking and wellness markets. The South African operations are made up of the following businesses:
- Discovery Health is South Africa’s largest medical scheme administrator and managed care provider, managing over 39% of the total membership of South African medical schemes. Non-medical scheme-related products such as gap cover, Flexicare and Healthy Company are also offered.
- Discovery Life offers comprehensive life, capital disability, income protection, severe illness, and funeral cover, to individual and business clients with a retail-affluent market share of 30%.
- Discovery Insure offers innovative and comprehensive car, home, and business insurance and has been entrusted with over 290 000 cars on South African roads.
- Discovery Invest offers a comprehensive and flexible range of local and offshore investment plans to both retail and corporate clients and has over R120 billion in assets under administration.
- Discovery Bank is a full-service digital retail bank offering a range of products. It has attracted over 1 million accounts within three years of the launch date.
Discovery for Business
This shared-value employer product offers a full suite of insurance, financial and wellness products that consists of employee benefits, risk solutions and integrated corporate benefits with Vitality as the foundation.
Discovery’s shared-value insurance model helps to address the key business risk areas with the highest possibility to improve South Africa’s society and economy long term.