Endowment Plans

An endowment is an investment plan that helps you save over the medium to long term, so one may suit you if you can stay invested for at least five years. An investment like this can help you save more for your child's education, for example, or an overseas trip.

Features of a endowment plan

Endowment plans are particularly tax-efficient for individuals who have an average tax rate of 30% or more.

You can nominate a beneficiary for your investment proceeds in the event of your death, making estate planning simpler.

There are limitations on how much you can contribute to and withdraw from your investment.

 

Choose an endowment plan that's right for you

Our endowments are designed to meet your personal needs. Whether you prefer to invest a lump sum or make monthly contributions, we have a plan to best suit you.

Lump-sum Endowment

Minimum investment amount

R75,000

The minimum lump-sum contribution is R100,000 if you invest in Cogence funds

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Recurring Endowment

Minimum investment amount

R850

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Turn good behaviours into extra investment benefits

Our endowment plans are designed to reward you for investing more, investing longer, and living well.

Invest longer

Depending how much you invest in the Lump-sum Endowment, you can

Earn an investment boost of up to 20%

This boost will grow at a fixed rate and become partly available to you after 5 years and the balance after 10 years

Invest more

On the Recurring Endowment,you can also

Get up to 45% off your yearly administration fees back every five years

Live well

If you manage your Vitality status by living a healthy lifestyle, you can

Get a boost on your investment of up to 15% in the event of your accidental death

Enjoy a wide choice of funds to invest in

Your plan is a collection of funds. Once you have chosen your investment plan, you can decide which funds to invest your money into. Your decision should align with an investment strategy that you and your financial adviser agree on, and the investment goals you have.

We offer access to a range of unit trust funds across various fund managers through a single-entry point. This means you can invest in a Discovery Flexible Investment and choose investment funds that are managed by leading managers.

Explore resources to empower your financial decision-making

Could you do with a little brushing-up on the fundamentals of investing well? Arm yourself with knowledge and tips to help you navigate the investment world, grow your wealth more efficiently, and have informed conversations with your financial adviser.

Start learning now

 

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