WB
William B

1 reviews | Active since Jan 2022

17 Jan 2022, 12:46

Easy money for Hollard Insurance

Last year 2021, I dropped my funeral policy as Hollard twice increased their premiums making it unaffordable to maintain. The increases were exhorbitant.

I learnt through News24 on the 19 August 2021 that the Insurance Industries Regulator ruled this behaviour as an ******** ACT.

Now, my dropping of the funeral policy simply means "easy money" for Hollard Insurance as I lost several thousand rand paid in.

Did you fellow South Africans known of this, and were you too victim of an ******** act by Hollard. Think about it

William B

0
Replies (2)
Hollard Life
Hollard Life's reply17 Jan 2022, 15:06
Official
Hello William 

We are sorry that you had a poor experience with Hollard, which led to you reaching out to Hellopeter with a complaint. 

Our customer resolutions team is busy looking into your complaint and will be providing you with feedback within five working days. 

Kind Regards
Escalated Complaints Team
Hollard Life
Hollard Life's reply20 Jan 2022, 08:21
Official
Hello William

Thank you for your patience while we looked into your matter. We can confirm the the increases are not ******** and that we have kept the FSCA appraised at all times regarding our decision to increase premiums. We have provided the FSCA with all relevant information for the increase. 

Hollard strives to make sure that we are there for our customers when they need us the most. One of the ways that we do this is to review our premium payments to ensure that they are sufficient to allow us to pay claims on an ongoing basis. We expect to payout more claims in the future, which is why we have had to apply the premium increase. 

Kind Regards
Escalated Complaint Teams