1 reviews | Active since Oct 2023
Empty promises
I once had a bad customer service with metropolitan, and I canceled my policies with them, now the father of child pass on in 2019 and receive message that the was unclaimed retirement funds that need to be claimed, all the kids submit their documents and only one child received all the funds their said she's a minor, but my son is also a minor his 15 years old and didn't not receive even a cent, I don't understand why, when I first went to the branch to apply I was told my son will get the money is at school, but now things changed. So I would like to warn the people who have policy like these with metropolitan that when you die it not guaranteed that your loved ones will get the money, my son is evening crying even today when I told her he won't be get the money cause he's an a student and I promise I'll buy him a laptop, pay his Saturday classes at uj, but now I can't. I'm also not working, Metropolitan you have failed my child, if anything happens to him I'm going to blame you ðŸ˜ðŸ˜ðŸ˜
We acknowledge receipt of your complaint on HelloPeter.
We always strive to serve all our clients well and regret reading of your disappointment with the distribution of the claim proceeds of the two policies you have mentioned.
Please be advised that Retirement Annuities fall under the provisions of two pieces of legislation:
- The Income Tax Act
- The Pension Funds Act
In terms of Section 37C of the Pension Funds Act, we need to consider the distribution of proceeds of the insured's Retirement Fund - of which a Retirement Annuity is also a product - to the legal and financial dependents of the deceased.
We need to examine/inspect each legal and financial dependent's claim on the product: their age and level of dependency on the insured are taken into account, as well as whether or not the dependent/s have already been provided for by other Retirement Fund Products.
One of our Escalation Specialists will investigate and revert back to you as soon as possible.
Regards
Metropolitan Client Care Team
We acknowledge receipt of your complaint on HelloPeter.
We always strive to serve all our clients well and regret reading of your disappointment with the distribution of the claim proceeds of the two policies you have mentioned.
Please be advised that Retirement Annuities fall under the provisions of two pieces of legislation:
- The Income Tax Act
- The Pension Funds Act
In terms of Section 37C of the Pension Funds Act, we need to consider the distribution of proceeds of the insured's Retirement Fund - of which a Retirement Annuity is also a product - to the legal and financial dependents of the deceased.
We need to examine/inspect each legal and financial dependent's claim on the product: their age and level of dependency on the insured are taken into account, as well as whether or not the dependent/s have already been provided for by other Retirement Fund Products.
One of our Escalation Specialists will investigate and revert back to you as soon as possible.
Regards
Metropolitan Client Care Team
Thank you for your additional comments.
Our Escalation Specialist is busy investigating the case and will revert to you as soon as possible.
Regards
Metropolitan Client Care Team
Thank you for your additional comments.
Our Escalation Specialist is busy investigating the case and will revert to you as soon as possible.
Regards
Metropolitan Client Care Team
