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Maurice M

1 reviews | Active since Sept 2021

18 Nov 2024, 14:48

Absa insurance doesn't want to cancel my building cover

Absa insurance is a ****, firstly my claim was declined which they did a report on why they declined, i accepted that.Now I want to cancel my building cover and they giving me a run around. I got a different quote from a different insurance company for a quote of R****,i sent my policy schedule to absa vetting and they declined stating that the company should be R1.3million, I called my insurance company to increase the cover to R1.350million which they did and I sent through the updated policy schedule again, they declined that one also stating that the cover now has to be R1.450million.

I wouldn't advice anyone to join absa because once you join it becomes impossible to cancel because they'll keep on making excuses. I now had to call my insurance company again to update the cover to R1.5million and sent through my email to absa vetting and I am currently waiting for a reply. This has been going on for almost 2 months now with no cancellation from their side. To make things even worse when the interest rate went down, absa instead increased the insurance premium just so my bond repayment stays the same even after the interest rate went down. I'm fed with absa

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Replies (1)
Absa Insurance Company Limited
Absa Insurance Company Limited's reply18 Nov 2024, 19:10
Official
Dear Maurice
 
Thank you for bringing this unfortunate matter/incident to my attention and please accept my sincere apology. I will review and provide you with my specific contact details as well as the expected timeframe for further feedback/resolution via email or by making contact with you telephonically.  
 
The reference number to your complaint is C-***6.
 
Kind regards,
Group Customer Care
Vanessa Crowe