![]() Did you know that South Africa ranks in the top three countries in the world for deaths and injuries by lightning strike? Or that at least 100 South Africans are killed by lightning a year? Lightning is a standard insured peril in personal lines insurance policies, and surge protection – against lightning strikes and electrical surges, both of which can cause extensive damage to homes and their contents – is a preferred way to avoid unnecessary losses and insurance claims. But while installing a surge protection device in your home is ideal for avoiding damage to your property, and even possible injury to you when you’re at home, it won’t safeguard you when you’re out and about. Like most types of accidents, lightning strikes are largely unforeseen. But that doesn’t mean we shouldn’t be prepared for the day they happen; there are simple, practical steps that you can take to avoid becoming a lightning strike statistic. What to do
The best place to be during a thunderstorm is inside a building. It’s best to stay away from windows and metal – and also not to use electronic equipment, telephones (even cellphones) and appliances, as well as not bathe or shower, especially if the house is not fitted with a surge protection device. If you cannot get inside a building, your next best option is a car, which acts like a Faraday cage (the discharge stays on the outside of the vehicle). It’s better if the car is stationary, because blinding flashes can lead to accidents. If you’re in the open, such as in a field or on a golf course, crouch, put your feet closely together, wrap your arms around your legs and keep your head down. Don’t lie flat – the current from a nearby strike will spread out along the ground, and through you. Importantly, put at least 3m of space between you and other people, as well as anything you’re carrying. Likewise, be at least 3m from bicycles, trees, poles, masts, fence posts and metal fences. If you’re in a boat or swimming, get to land as soon as possible. If in a boat, crouch down and avoid touching the rigging or anything metal. What won’t protect you
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For our investors investing in Morningstar Managed Portfolios, click below to access the latest performance snapshot, market commentary and market performance summary:
Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) Market Commentary - SA and Global Market Performance Summary - SA and Global Source : Discovery Insure
If you would like us to review your existing policy contact William in our Insurance Department email: [email protected] In partnership with Morningstar: Like a pen and paper, soap and water and salt and pepper, so too risk (and reward) goes with all investments. Carl Richards points out in his blog 1 - “Risk is what’s left over after you think you’ve thought of everything”. He goes on to explain that investors are good at managing and dealing with risk by looking backwards and preparing themselves to deal with a situation they have already seen, only better this time. But we’re not good at preparing for something we can’t imagine. ![]() If you have Vitality and your children are under your policy, Kids under the age of 18 can enjoy free movie tickets and adults can enjoy half-price movie tickets! So how do you get your kids to enjoy free movies? Children between 2 and 18 years old on a Vitality Health policy can watch movies for free at selected cinemas before 7pm, after completion of an online Kids Vitality Health Review. Complete the Kids Vitality Health Review every 12 months to keep the Vitality Kids movie benefit. The Vitality Kids movie benefit is not available to Vitality Active members.
To get assistance with activating your Vitality Kids contact Jo in our Health department, email [email protected], Tel 011-658-1333, Option 2 for Medical Aid. We as an accredited financial advisor can assist you in opening a Discovery Bank account. So which Discovery Bank product is right for you? Discovery Bank in South Africa is the banking brand of Discovery Group, a well-known South African-founded financial services organisation. It was established with the approval of the South African Reserve Bank in 2016. In the past three years, it has been actively growing its mass affluent client base, and now has more than 1 million customers. Here we explain the prerequisites for applying for a Discovery Bank account, as well as the key features of Discovery Bank products. The advantages of Discovery Bank Discovery Bank is a digital bank that focuses on the use of user-friendly technology and powerful security features, allowing customers to safely operate various banking and financial functions on their mobile apps, including: - Checking account balances - Opening a new savings account - Opening a new fixed deposit account - Opening foreign exchange accounts (USD, GBP, EUR) - Opening tax-free savings account - Earn Discovery Miles - View financial portfolio summary on all products you have with Discovery, including Life, Invest, Health and Insure. Discovery Bank is a financial behavioural bank, using gamification to help customers improve financial discipline and financial wellness in the following five areas: savings, investment, real estate, retirement, and debt. If the customer closes all five rings, he will reach the Diamond Vitality Money status, enjoying the best interest rates on positive balances and deposits, and earn the most Discovery miles. Discovery Miles is a virtual currency that can be used to shop online, buy airline tickets, exchange for coffee or game points. Discovery Bank gives interest on account balances. WIth the traditional Big Four banks, there is no interest paid on the positive balance in the transaction account or cheque account. Discovery Bank disrupts the market and allows customers to earn interest on the positive balances of the credit card or transaction account. This gives more money to customers. Disadvantages of Discovery Bank There are no physical branches, and all transactions must be performed on mobile phone app or on the website by customers. If you encounter any problems, you must contact the customer service centre of the bank. Prerequisites for applying for a Discovery Bank account - Customers are already familiar with using the mobile apps of mainstream South African banks such as FNB and Standard Bank to view accounts, download statements, and transfer funds. - Customer has a South African ID card or green ID book. - The client has an annual income of at least R100,000. - Proof of residential address (not older than three months) - Three-month bank account statements showing regular monthly income deposits at a bank. Discovery Bank Products Discovery Bank has four tiers, from Gold, Platinum, Black to the highest level Purple. Gold tier requires an annual income of R100,000 to R350,000. The products, monthly fees and benefits are as follows: Customers can choose to only open a transaction account, credit card account or package (Suite, including both transaction account and credit card). Platinum tier requires an annual income of R350,000 to R850,000. The products, monthly fees and benefits are as follows: Customers can choose to only open a transaction account, credit card account or package (Suite, including both transaction account and credit card). Black tier requires an annual income of R850,000 to R2,500,000. The products, monthly fees and benefits are as follows: Customers can choose to only open a transaction account, credit card account or package (Suite, including both transaction account and credit card). Clients have access to six airport lounge visits a year and Airport Priority Fast Track. Purple tier requires an annual income of more than R2.5 million. The package, monthly fees and benefits are as follows: Customers can enjoy unlimited airport lounge visits and Airport Priority Fast Track. If you are interested in opening a Discovery Bank account, please email [email protected] with your name and cell number.
For our investors investing in Morningstar Managed Portfolios, click below to access the latest performance snapshot, market commentary and market performance summary:
Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) SA Q2 Portfolio Commentary Global Q2 Portfolio Commentary Market Commentary - SA and Global Market Performance Summary - SA and Global |
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