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zizwe N

1 reviews | Active since Sept 2011

23 Nov 2016, 08:41

Cancellation of policy

<p>Last year I've joined investment with both Sanlam and Old Mutual of R300 each. Last week decided to cancel these policies due to financial challenges. Sanlam refunds me all money put in and intrest accumulated during the period of saving. The Old Mutual does the opposite, refunds without interest and also charged for early cancellation approx R900. I was shocked to hear that from Old Mutual. An investment. Is like taking my money from my savings. This is *******. I can understand if it is funeral cover. Why losing so much from investment. Old mutual must learn from Sanlam. This is desperation.</p>

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