MK
Mojela K

1 reviews | Active since Nov 2012

02 Nov 2015, 09:52

Funeral Cover for extended families, Lost money

I was given an extended family funeral cover by ABSA, the premiums were paid by stop order from my previous employer, I retired from work and requested account particulars so I can continue to service the funeral cover direct from my personal bank account and I was informed by Mr Shabangu of ABSA that it is impossible. I paid premiums, dependants completed their waiting periods, some of them have now exceeded their acceptance age to similar covers that I may start afresh. At inception, I specifically checked if I could carry on with it when I leave the employment and I was assured so, that is why I took out the cover.<br> ABSA must refund my premiums if they maintain that this policy can not be moved to my personal bank account. I feel disadvantaged in a very bad manner by this kind of business practice.

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Replies (1)
Absa
Absa's reply02 Nov 2015, 11:50
Official
Hello Mojela,

Dear Customer

Thank you for bringing this matter to our attention. We will investigate the matter and furnish feedback shortly.

Kind regards
Vanessa Crowe
Group Customer Care
Absa Bank Ltd