Discovery Life pays out nearly R12bn in claims in 2021
Total life claims paid out to individuals in 2021 were almost three times the amount paid in 2020
07 June 2022 - 10:54
UPDATED 07 June 2022 - 15:52
Discovery Life paid out a record R11.79bn on claims in the 2021 calendar year for individuals or members of group life schemes.
Nevertheless, the vast majority of that amount (R9.1bn) was paid out on claims for the roughly 10,000 individual life members during 2021 for events ranging from death to severe illness, funeral benefits and disability. Discovery said the total life cover claims it paid out for individuals in 2021 was almost three times the amount paid out in 2020, a phenomenon it attributed largely to the effect of the ongoing Covid-19 pandemic...
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