TM
Tsakani M

1 reviews | Active since Jan 2022

08 Oct 2025, 15:21

Horrible experience with ABSA and ABSA Life

I am highly disappointed in the service I received from Absa and Absa Life. In 2023 my father took out a life and funeral policy with ABSA under the guidance of financial advisor Nishen Moodley. Beneficiaries nominated were captured as "2 daughters (50% each)". This was captured by ABSA in a typed out document. There was a clear intention to nominate beneficiaries. Upon my father's death, I as well as my sister (his 2 and only daughters) claimed on the respective policies. We received a call from ABSA Life that the claim would not be processed because no beneficiaries were captured on the system or nominated. Why would ABSA not think to look at the document and note that 2 beneficiaries were captured at 50% each. I'm also questioning the work of the financial advisor in not guiding the client to specify beneficiary details. He captured the "2 daughters" on the policy without the initiative to ask his client to alter what appears to be an incorrectly filled form. Our status as daughters has also been captured in the final will and testament signed by my dad and witnessed by Nishen Moodley and a Miss P Nxumalo. This is absolutely shoddy work. The family has incurred significant expenses contributing to the burial. Having to report the estate and get a Letter of Authority is cumbersome and sounds like a barrier to claim in this instance

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Replies (1)
Absa Life
Absa Life's reply08 Oct 2025, 16:52
Official
Dear Customer Thank you for bringing this unfortunate matter to my attention and please accept my sincere apology. Your reference number is C-***3. I will review and provide you with my specific contact details as well as an expected time frame for further updates/ feedback via email or by contacting you telephonically during the day. Looking forward to being of service to you. Kind regardsNthabiseng SibandeCustomer Value ManagementAbsa Bank Ltd