VG
Viven G

1 reviews | Active since Nov 2016

13 Apr 2020, 10:17

Covid-19 Lockdown "Cold and Unsympathetic Company"- Old Mutual Insurance

I've been a client of old Mutual Insurance in excess of 30 Years, in stating same the repurcussion of the Covid-19 Lockdown has left many small business owners like myself in a financial predicament due to debtors not paying their bills on time, thus a ripple effect on the economy. I was unable to meet my April-20 insurance premium as a direct result of not being paid by my debtors affected by the Covid-19 Lockdown, resulting in me being unable to meet my insurance premiums. I've paid my life policies for almost 30 years I forwarded an email to Old Mutual (***) on the 6th April-20, for an extension date to re-debit my account as arranged with my debtors. I received feedback yesterday from Old Mutual Insurance Sunday 12 April-20 @ 09H04 informing that my policies have lapsed and cannot be revived. I am really sad and disappointed that Old Mutual Insurance would take this approach with a longstanding client (being their client in excess of 30 years). I'm so disappointed that Old Mutual Insurance is just cold and unsympathetic towards their clients amidst the Covid-19 Lockdown time, and further that I remained with this unsympathetic company for 30 years, whilst they just took my money year on year for 30 years, and when I need Old Mutual's understanding and assistance, I was just shown the door.

0
Replies (2)
Old Mutual
Old Mutual's reply14 Apr 2020, 07:33
Official
Dear Viven Govender

I acknowledge receipt of your complaint. This matter will be investigated and I will be in contact with you.
 
Regards

Kareemah Sulayman
Old Mutual Complaints Management 
VG
Viven G's update01 Jun 2020, 19:49
Reviewer Update
Being a client for almost thirty years, I am so disapppointed that I remained with a cold and unsympathetic Insurance Company Old Mutual.
Old Mutual is a company that is all about financial gain and not the interests of their customers, never got a bit of assistance from OM Insurance being a self employed individual, was just shown the door during Covid-19 Lockdown, sad but the truth about Old Mutual.