Its almost here…or is it?
In an interview with FIN24 Adrian Gore, CEO of Discovery Holdings, reportedly said the following:
“I am not sure where the story came from, but at the moment we have no plans to enter the short-term insurance market.”
The question of course now being asked is..
Is NOW the right moment for Discovery Holdings to enter the short-term insurance market?
It’s very hush hush at the moment but I am aware of an invite doing the rounds for a Discovery new product launch. Could it be a short-term insurance product?
If Discovery short-term insurance works the same as their Discovery Life offering then you can expect fireworks!
If there’s one company that leads the financial services industry when it comes to marketing, then it has to be Discovery.
If you don’t already know, Discovery offers life insurance at substantial discounts for those who attempt to live a healthier lifestyle. If you’re a vitality member who steadily improves their vitality status, then you get rewarded with lower life insurance premiums. If you own – and use – a Discovery credit card then those rewards just keep on heaping up.
Personally I’m expecting some type of reward linked to your ‘no-claims’ bonus much the same as the Outsurance Outbonus, but let’s wait and see shall we?
If you’ve bought into the whole Discovery model of doing business, then certainly you’re going to be pleasantly surprised.
The big day of the launch is 19 May for those of us in the industry but we’ll keep you posted!
Here’s a news update:
Want to know more about Discovery Insure? Click here to find out: What happened at the Discovery Insure launch.
Till then
PS: If you want to jump to the front of the queue when it comes to getting a quotation, why not let us know before the time? First come first served!
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Article by Lawrence
Someone, who as he gets older, finds he has more questions than answers
Lawrence has written 150 awesome articles for us at Insurance Fundi
