PM
Phathutshedzo M

1 reviews | Active since May 2017

13 Nov 2023, 12:39

Metropolitan investment is bad on how they interact with customers.

Am very disappointed with how I have being treated I went to metropolitan elim mall on the 2 November to find out about my investment the lady told me that my investment is 10years instead of 5years I ask her can you change it to 5years as from the start I told them I need 5years not 10,also increase my premium she told me is not possible I rather just surrender I told her my investment is still knew as they started to deduct in April 2023 she said because my son is going to varsity is 5years I rather surrender because I won’t get my investment if I claim in 5years and do another knew one I said Ohk, and the charges she said not a lot to my surprise the amount collected from my account to this policy it’s around R4500 once she cancel my policy I received R1590 I went to the branch again I said to them help me understand how this was calculated or email me the detailed statement they told me to call their call centre,

Ohk I called the call centre on the 8th November 2023 and requested the detailed statement on how my policy was calculated they gave me a case number and told me they I will receive it through email within 24hours I even send also on email, till today nobody call me or send email about my quires, really how do I open another policy as they advise at the branch.

Even now I haven’t received my detailed statement on how my cancellations was calculated

0
Replies (3)
Metropolitan Life
Metropolitan Life's reply13 Nov 2023, 13:12
Official
Dear  Phathutshedzo 

WE acknowledge receipt of your complaint on HelloPeter.

We are sorry to read about your disappointment regarding the Surrender value of your policy.

Please be advised that at the start of a policy's term, commission and issuing costs affect the investment fund of one's policy and it is oft4en only in later years that the investment fund grows to such an extent that these costs are recouped.

Also note that a detailed breakdown of how the surrender value is calculated takes quit4e some time, as we have to manually re-build the policy history to be able to show you what you have requested - usually a week or two.

One of our Escalation Specialists will revert back to you as soon as this information becomes available.

Regards

Client Care Team

PM
Phathutshedzo M's update13 Nov 2023, 14:00
Reviewer Update
Ohk but call centre they mentioned that I will receive it within 24 hours. I will wait for the response
Metropolitan Life
Metropolitan Life's reply13 Nov 2023, 14:48
Official
Dear Phathutshedzo

Thank you for your additional comment.

We have referred the reqeust to our technical division and will revert back to you as soon as possible.

Regards

Client Care Team