JC
Jaco C

1 reviews | Active since Jul 2011

04 Dec 2015, 11:22

PREMIUM INCREASED 32% WITHOUT COMMUNICATION

I am extremely dissatisfied with Mutual & Federal today as I realised that they increased my premium by 32% (R775) without informing me. Had they communicated I could have changed insurers before this happened. The post Office cannot be their excuse? Sure they know the challenges with the Post Office and can use my e-mail address that's on record with them, to communicate to me? The increase was also a surprise as the annual review date as reflected in my policy schedule is April but the increase happened in October.<br> <br> This is unacceptable and I demand an immediate refund of the amount that the premium increased with. I have been a client with Mutual & Federal since around 1990 (many different policies over the years) and there was only 1 claim over this entire period. All premiums were/are paid on time. I'm very disappointed! They are chasing away the wrong clients which will cost them over time. I have arranged with my broker to source alternative cover from a different insurer.<br> <br> It might be wise for other Mutual & Federal clients to also check their premium deductions for ridiculous increases and to then compare the cost with that of other insurers.

0
Replies (1)
Old Mutual Insure
Old Mutual Insure's reply07 Dec 2015, 09:46
Official
Hello jcon,

Thank you for bringing the above matter to our attention.

We hereby acknowledge receipt of your complaint and confirm that the matter is receiving our close attention.

We are investigating your concerns and will revert soonest

Mutual and Federal Customer Experience