LK
Letlotlo K

1 reviews | Active since Jul 2024

08 May 2026, 16:20

Multiple ***** policies opened on my name without my consent.

I have a problem with Old Mutual brokers working together with the consultants opening up policies under my name without my consent. It’s now the third time I’ve brought this to their attention by opening ***** case against those policies. The first time it was 2 funeral policies less than a thousand rand, second time it was 3 amounting to more than a thousand rand and now it’s an investment policy amounting to R 1500. I’ve reported the 3 scenarios and only got refunded for 2 of the 3 scenarios.

One happened in December and I got refunded in January, one happened in January and I was refunded in February and one happened in April but they are still not refunded. I am wondering if Old Mutual does the due diligence to make sure the policies being opened are legitimate and also are they doing enough to protect our information as their clients.

I can’t be reporting a ***** case for the third time in a row and Old Mutual doesn’t take preventative measures to make sure this doesn’t happen again. The feedback that I get from the branches is that they can’t stop their employees from doing this and the only thing I can do is to keep on reporting the case whenever it reflects on my payslip. I’ve requested that my information gets erased from their system but I was told that it’s impossible. I’m really disappointed at how Old Mutual runs their system. My life is becoming messy because of the 1500 rand being deducted from me and nothing is being done by Old Mutual to prevent that, they say if I cancel it they won’t treat it as ***** 😭😭😭. Prices are going up and things are getting expensive but I’m not able to keep up with the prices because I’m running at a loss because of Old Mutual’s Negligence 😭😭😭. Please help me because I’m really struggling.

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Replies (3)
Old Mutual
Old Mutual's reply08 May 2026, 17:07
Official
Good day Letlotlo K,

We've received your review, and we are sorry for the service you've experienced. Your feedback is crucial to us, and we're committed to a detailed investigation to address your concerns. Please expect a follow-up from us soon to resolve this matter during business hours.

Regards
Old Mutual Complaints Management
LK
Letlotlo K's update11 May 2026, 12:06
Reviewer Update
Good day
It seems like the seriousness of this matter is being ignored. When I got a response from Old Mutual, they told me that I should go to cancel the policy so that refund can be processed and I’ll get a refund but when I go to the branch I am told that if I cancel the policy it will not be treated like a ***** case so I have to wait for the ***** department to investigate and then when the refund is processed then I’ll get my refund.


The problem is that I’m gonna keep reporting as ***** again and again when it happens but no one is held accountable because it is the 3rd time this matters happens. I need a solution as to how they will stop this from happening again and again, and also I want to make it clear that I want nothing to to with Old Mutual from now on, should there be a policy on my name at Old Mutual they should treat it as *****. I can’t report a ***** case for the third time and Old Mutual does not check or verify that I’m the one opening the policy. It is Old Mutual’s responsibility to make due diligence to ensure that I am the one opening the policy.

I am tired of having to use my resources to go and report this cases because it is very draining emotionally and also financially draining. Old Mutual needs to stop their employees from opening policies without clients’ permission. I need this matter to be resolved ASAP and also be taken as seriously as it is !!!!!
Old Mutual
Old Mutual's reply11 May 2026, 13:04
Official
Good day Letlotlo K,

We note your comments and we are following up on this matter for you.

Regards,
Old Mutual Complaints Management