FR
Frederick R

1 reviews | Active since Apr 2016

22 Dec 2023, 15:24

Incorrect debit of premiums

I've cancelled my insurance with OM wef the end of September 2023 yet they kept on subtracting premiums for Oct 23, Nov 23 & Dec 23 even though my broker send them the cancellation instruction in time (August 2023). On the 4th of December 2023 I realised that the OM premiums are still going off and reported it to my broker who followed it up with them again. They (OM) confirmed that the payment was approved and released. Every week following th4 4th of Dec 23, I followed up with my broker and every time the feedback was that it will be in my account within 24 hours. The amount comes to R21,871.12. Yesterday morning I followed up again with my broker who then informed me that the money will be deposited in my account by yesterday afternoon or by the morning Friday 22 Dec 2023 (today). Nothing has been deposited yet. Upon calling Old Mutual, I was informed that they are closed until the new year. This is not acceptable! They are quick to take money they're NOT entitled to but very slow to correct THEIR mistake. I needed the money for Christmas and now have to do without due to their gross negligence!

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Replies (1)
Old Mutual Insure
Old Mutual Insure's reply22 Dec 2023, 16:15
Official
Dear  Frederick 
 
Complaint about service 
  
We regret to hear that our service has disappointed you and understand your frustration. Thank you for taking time to share your concerns with us as this will help us to continue to improve our service to our customers. 
 
We are investigating the matter and may contact you for more details so that we can finalize it as soon as possible. 
 
Yours sincerely 
Assessor: Complaints & Continuous Improvement