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Nadia

1 reviews | Active since Apr 2023

30 Mar 2026, 08:21

******** Debit After Policy Payout – No Feedback from Old Mutual

I am extremely disappointed with the lack of service and accountability from Old Mutual.

A policy under my name was fully settled and paid out on 20 March 2026 following the unfortunate passing of the insured on the 10th of March. Despite this, a premium was ********ly debited from my account on 23 March 2026, after the policy had already terminated.

I reported this issue immediately and submitted a formal complaint, and followed up numerous times. Old Mutual acknowledged receipt and confirmed that the matter was referred to their Premium Management Complaints department (***), with the assurance that they would contact me directly.

To date, I have received no communication, no update, and no confirmation of a refund.

This is unacceptable. Clients should not have to chase refunds for money that was incorrectly debited, especially under circumstances involving a deceased.

In terms of applicable legislation, I am not liable for premiums on a policy that has already been paid out and terminated.

I am requesting an Immediate confirmation of the refund, A clear payment date and An explanation as to how this debit was processed after policy termination.

If this matter is not resolved urgently, I will escalate it to the relevant regulatory authorities.

I expect better service, transparency, and urgency from a company of this size.

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Replies (1)
Old Mutual
Old Mutual's reply30 Mar 2026, 08:37
Official
Good day Nadia,

We acknowledge receipt of your review and extend our sincere apologies for the service experience you encountered. We are committed to investigating this matter thoroughly and will make direct contact with you should further information be required.

Regards
Old Mutual Complaints Management