LZ
Lwazi Z

1 reviews | Active since Dec 2011

12 Feb 2016, 15:34

Hollard Withholding my savings

I have an investment savings policy with Hollard which matured on 29 Jan 2016. I submitted all the documents on 12 January and was told that the processing of the claim would start on 29 Jan and would take 5 working days for the claim to be processed. Last Friday (05 Feb) when I called I was told that the claim has been authorised and was waiting for someone from claims to release the payment and I should get it over the weekend or by Monday. I still have not been paid my savings which I needed for school fees so I could get a discount by paying the fees before the 10 February. I have received no feedback from Hollard as to why my savings are taking so long to be paid out. Today I called again and I've just been told that a claims consultant tried to process my claim and received an error message and they don't know what the error is or when I will receive my money.<br> <br> I am so disappointed in the way Hollard has handled my matter and definitely will not be doing any business with them in future.<br>

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Replies (1)
Hollard Life
Hollard Life's reply13 Feb 2016, 11:16
Official
Hello Msenti007,

We are sorry that your experience prompted you to contact us with a complaint.

We apologise for the inconvenience and frustration this has caused you.

The matter has been escalated to our policy administrator for investigation into the delay and for contact to be made with you.

Kind Regards
Lynne Lawrence
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