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• Discovery and Motus join forces in SA
• 36 diacritic vehicle components covered under new warranty
• New service only available to Discovery clients
The South African economy has suffered tremendously due to the global and national Covid-19 epidemic. As we gradually move back to 'normal', many consumers are taking advantage of incredibly low-interest rates to secure new vehicle purchases.
Discovery Insure announced the launch of a new product in their offering, providing vehicle warranty cover to its clients. The new product, available exclusively to Discovery Insure clients, comprises comprehensive and market-leading mechanical breakdown and electrical failure cover for 36 critical vehicle components, with no cover limits.
The new driving behaviour technology allows Discovery to collect telematics data for each driver on its Vitality Drive programme, making it possible to tailor-make premiums for our warranty product. This telematics-based warranty cover is a world-first, with up to 100% vehicle servicing discounts for driving well.
Do you think the collaboration between Discovery and Motus will benefit drivers? Email us.
(iStock)
Nation of great drivers
Discovery Insure, a leading South African short-term insurance company, has its ambition to create a nation of great drivers. Its business model is anchored on its Shared-value Insurance model that encourages drivers through the Vitality Drive programme to improve their driving behaviour, using telematics data collected from their vehicles, and reward them for their good driving.
MFS develops and distributes innovative vehicle-related financial products and services through importers, distributors, dealers, finance houses, call centres and digital channels. Motus is South Africa's largest automotive group and, apart from its interests in financial services, represents 22 Original Equipment Manufacturers (OEMs) through over 300 dealerships in the country.
(Motus / Discovery insure)
Up to 100% discount
Together, Discovery and Motus saw a business opportunity in the market where Motus' expertise in the vehicle Warranty business could be combined with Discovery Insure's Vitality Drive programme to create the world's first telematics-based Warranty product.
By driving well, drivers who have the telematics-based Warranty product will be able to access the Vitality Drive vehicle servicing benefit discount of up to a maximum of 100% depending on the Vitality Drive status of the client, limited to a R5000 spend, when visiting a dealership that is part of our vast network, including over 270 Motus Retail service centres, as well as Bosch service centres.
*Anton Ossip is the CEO of Discovery Insure
