Important note about impact of VAT increase on premiums

On Wednesday, 21 February 2018, Finance Minister Malusi Gigaba presented the annual Budget Speech in the National Assembly. The main element of his speech that impacts your plan is the first rise in the value-added tax (VAT) rate since 1993, from 14% to 15%. This increase is effective 1 April 2018.

As a result of this legislated increase, your premium will increase effective 1 April 2018.

You will be able to view your updated plan schedule online on your payment day from 1 April. For any queries email Insuremaintenance@discovery.co.za

Thank you for your continued support.

Anton Ossip
Chief Executive Officer
Discovery Insure