Introduction
Discovery Ltd, a global leader in health insurance, wellness innovation, and financial services, continues to empower South African youth through its Wealth Management and Long-Term Insurance Learnership Programmes. These structured learning pathways are ideal for unemployed matriculants and graduates who want to pursue recognized qualifications within the financial and insurance industries.
This guide explains everything about these learnerships—requirements, benefits, application process, salary expectations, structured data, and growth opportunities—to help you publish engaging, search-optimized content that ranks on Google Discover and Bing.
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What Is a Discovery Financial Learnership?
Discovery’s learnerships are 12-month work-based programmes that combine:
- NQF Level 4 or Level 5 National Certificate in Wealth Management or Long-Term Insurance
- Paid workplace experience at Discovery branches
- Professional mentorship and regulatory knowledge (FAIS, Fit & Proper requirements)
Throughout the programme, learners receive theoretical training from accredited providers and practical exposure to client services, policy administration, claims processing, and financial advisory support.
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Purpose of the Programme
Discovery aims to:
- Support the Financial Sector Code (FSC) requirements for youth employment
- Develop future wealth advisors, insurance consultants, underwriters, and risk analysts
- Build a workforce that understands digital innovation, ethical finance, and customer-centric banking
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Available Learnership Fields at Discovery Ltd
| Learnership Stream | Qualification Level | Duration | Key Focus Area |
| Wealth Management Learnership | NQF Level 5 | 12 months | Financial planning, investment strategies |
| Long-Term Insurance Learnership | NQF Level 4 | 12 months | Retirement annuities, life cover, funeral and disability insurance |
| Healthcare Insurance / Medical Aid | NQF Level 4 | 12 months | Claims, member support, medical underwriting |
| Call Centre & Client Services | NQF Level 3–4 | 12 months | Customer assistance & policy queries |
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Minimum Requirements
To qualify, applicants must:
- Be South African citizens (18–35 years old)
- Completed Matric / Grade 12 with Mathematics or Mathematical Literacy
- Have English communication proficiency
- Not currently employed or studying full-time
- Be available for 12 months full-time
- Preferably, no criminal record (background checks conducted)
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Roles and Responsibilities During Learnership
Learners gain real experience in Discovery’s Wealth & Insurance divisions. Daily responsibilities may include:
- Assisting clients with policy activations, amendments, and queries
- Supporting financial advisors and consultants with administrative tasks
- Capturing client data on CRM systems
- Learning the fundamentals of financial planning, saving models, risk management, life cover, pensions & annuities
- Understanding compliance with FAIS, FICA, POPIA and TCF (Treating Customers Fairly) laws
- Participating in workshops on Discovery Life, Invest, Vitality, and retirement solutions
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Stipend and Benefits
Discovery provides:
- Monthly stipend (R5,000–R7,000 depending on the programme)
- NQF-recognised qualification fully sponsored
- Employee benefits like Discovery Vitality access, wellness perks
- National exposure across Johannesburg, Cape Town, Durban and Port Elizabeth branches
- Mentorship from industry experts and certified financial planners
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Career Opportunities After Completion
Successful learners may be absorbed into permanent roles such as:
- Junior Financial Advisor / Wealth Planner
- Long-Term Insurance Consultant
- Claims Administrator / Underwriting Assistant
- Policy Sales and Client Retention Specialist
- Retirement Fund Administrator
- Financial Call Centre Agent
Career growth possibilities range from Discovery Invest Advisor to Certified Financial Planner (CFP®) or even Sales Team Leader/Manager.
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How to Apply for Discovery Wealth Management or Insurance Learnership
Step-by-Step Application Process:
- Visit Discovery’s Careers Page (Careers.Discovery.co.za)
- Search for “Wealth Management Learnership” or “Long-Term Insurance Learnership”
- Create an online profile or log in
- Upload the following documents:
- Certified ID copy (not older than 3 months)
- Matric certificate / academic transcripts
- Updated CV (PDF)
- Proof of residence or affidavit
- Submit and check email regularly for interviews or assessments
Useful links
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Selection Process & Assessments
- Pre-screening test (numeracy, English literacy and customer service)
- Competency-based interview
- Criminal, credit, and qualification verification checks
- Final acceptance letter and contract signing
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Conclusion
Discovery Ltd’s Wealth Management and Long-Term Insurance Learnerships are among the most sought-after financial career pathways in South Africa. They provide education, income, mentorship, and real work exposure, helping youth bridge the gap between school and employment. With recognized qualifications, learners gain an advantage in a highly competitive financial market.