AN
Abegail N

1 reviews | Active since Jan 2012

01 Feb 2019, 08:55

********** - Cheats - ****************

I cancelled my insurance was advised that my excess finder balance would be paid into my account and now when I enquire as to when that’ll happen I’m told that the cancellation request was not done and I have forfeited my money because the insurance is canceled. This is **************** at its best, cash back rewards that are due to me.

0
Replies (1)
Discovery Insure
Discovery Insure's reply01 Feb 2019, 11:45
Official
Good day Abegail.

Thank you for raising your concerns.

We are sorry to have lost you as a client.

EFA rules: The benefit  is structured as a tool to assist clients to fund their excess in an event of a claim.
For every rand you accumulate , Discovery Insure matches that with a rand for a 3 year cycle. 
At the end of the 3 year cycle , you have the power to withdraw at 50% of your accumulated amount.

In this instance , your 3 year cycle ends in August 2019. Your instruction to cancel the plan is effective  January 31
As a result the amount will is forfeited.

This is further expressed in our plan guide.

Regards
Discovery Insure