1 reviews | Active since Mar 2009
50% increase for young single healthy members
The pricing strategy of Kaelo Xelus makes no sense. A young, single healthy member with no claims to date is now having a price increase from R244 to R350? About 50% increase. Same price as older members and their entire family. Surely young members have a much lower risk profile and their contributions " subsidise" more risky members in the portfolio. Why then chase away your young healthier single market share who ensures scheme sustainability by not having a single person rate for younger persons? Have you heard of price ************** accross marjet segments? Or did you think the narket is uneducated and wont nitice? All the young healthy members will opt for competing products like turnberry. Your market strategist and actuaries think we are fools. Youth are price sensitive and is a market segment that you seem to take for granted. Off I go to another berry good dervice provider that prices fir my profile
