ZQ
Zandile Q

1 reviews | Active since Sept 2014

24 Jan 2017, 09:36

Hollard dont want to pay up my investment

<p>In 2005, I took a savings policy with Hollard which matures in 2017. In 2016 June, I phoned Hollard to request an estimate of the value when I surrender my policy upon maturing of the policy. Hollard referred me to their actuarial department who gave me the value of my policy and they said I can cash in the policy at that time, that was June 2016. Hollard also mentioned that they no longer have a saving plan policy so I can surrender my savings policy anytime. I decided not to surrender the policy then, as I did not need the money at that time. On the 12th of January 2017, I phoned Hollard to surrender my savings policy of which I was sent a surrender form and was told I will be paid within 7 working days, and filled it with attachments required and sent to Hollard on the 13th of January 2017. I got an acknowledgement email from Hollard of receipts. On the 23rd of January 2017 I phoned Hollard to follow up on the progress of payment, I was shoved from one consultant to another for about 20 minutes being told that I can only get my money after 5 years. Eventually I was put through a lady by the name of Miriam who said, I will be paid within 24 hours. This morning on the 24th of Jan 2017, the same lady Mirriam called and told me I can only get my money in October, that is when I lost it, and she told me she will get back to me and will tell her IT Dept to change the date. I am so dissapointed, I have other policies and insurances from hollard of which I spend thousands of rands, of which I will cancel if my investment is not paid within the next 48 hours, as I put my claim on the 13th of January 2017, its more than 7 working days now.</p>

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Replies (2)
ZQ
Zandile Q's update25 Jan 2017, 11:58
Reviewer Update

A lady by the name of Mirrian who promised to get back to me by the end of business yesterday has not done so till now. I have called her on her direct line more than 10 times and is not picking up the phoner. She was supposed to ask her IT department to change the policy payout date so she could release the pay and has not done so she ignores my calls. This morning I called the call centre line and I spoke to a gentleman by the name of Roger, who told me there is nothing wrong with the surrender date and that my claim can be paid anytime. He told me the claims department will contact me and will release the payment. I have lost all hope as I dont know how many people have called from Hollard with different stories and yet 12 days later my policy is still not paid out. I was hoping for someone from management to have responded, but no one has. It seems Hollard is very good at collecting premiums and yet fail to deliver.

Hollard Insurance
Hollard Insurance's reply26 Jan 2017, 10:11
Official

Hi Zandi

Thank you for bringing this matter to my attention.

I have escalated your complaint for urgent investigation regarding the level of response and time taken to process your claim.

Please note that feedback on outcome will be provided to you soon.

Kind regards

Nathan Mangope

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