MR
Mark R

1 reviews | Active since Oct 2017

17 Nov 2020, 18:12

Capitec now *****ing by canceling policies and still deducting payments.

What do they call it SIMPLIFY banking. Not the case with me i have a funeral policy with Capitec bank since 2019 April. During the covid pandemic i didnt pay the policy in May, June , July. Due to me not receiving salary it was difficult i also did inform Capitec via email what my situation is. I thought Capitec would come to the party giving some sort of leniency but nothing. I was informed my policy had lapsed due to non payment. Then to my surprise in August and Sept Capitec debited my acc for the policy that they cancelled due to non payment. In Oct i received another sms that due to 3 consecitive no payments my policy lapsed. So after my policy lapsed you Capitec come and ***** 2 payments thrn you cancel my policy again. Are you even for real. When i went to Wadeville branch i was yold they cant reverse the payments as 40 days jas lapsed is this a new method of ******** people. Then im being told that they will investigate it ( cant understand what needs to be investigated) but in any case. I would have received feedback after a week its been 7 working days and not a word. Pls beaware stay away from funeral policies from capitec they cancel one policy twice snd still deduct payments even though its cancelled then you are told they will investigate.

0
Replies (3)
Capitec Bank
Capitec Bank's reply17 Nov 2020, 20:45
Official
 Good day Mark 

We acknowledge receipt of your query and have assigned your matter to a designated official.

You will receive further contact within the next business day.

Kind regards

Capitec Bank 

MR
Mark R's update20 Nov 2020, 13:26
Reviewer Update
Its been 9 days now since i logged the query and nothing has been done. Anyone that thinks of dealing with Capitec read here and capitecs response and days later my response. Simplify my ass.
MR
Mark R's update24 Nov 2020, 10:59
Reviewer Update
I have now escalated the matter to the ombudsman and Centriq life insurence. Capitec stated that they acted according to the contract that even though my policy lapsed after 3 non payments they can still continue to debit my Capitec acc as they wish. Even though my policy has lapsed. Now define this thinking to me.