TC
Thulani C

1 reviews | Active since May 2024

12 May 2025, 16:47

OldMutualSA's Deceptive Practices

OldMutualSA's Deceptive Practices - Withheld Insurance on Study Loan #OldMutualFAIL #ConsumerRights [***] In 2021, I took out a loan (Account ***) with Old Mutual Finance, trusting them to act ethically. After my March 2023 retrenchment, I continued payments - unaware my installments included undisclosed OMART credit life insurance (Claim ***). The Shocking Truth: Two years post-retrenchment, I discovered by accident that this protection existed - despite: Multiple engagements with OMF where I disclosed my unemployment Providing all required retrenchment documentation Their claims team having my UI-19 form since 2023 The Damage: - OMF concealed policy benefits while collecting premiums - Ignored their obligation to assist a retrenched client - Forced unnecessary financial hardship After 8 weeks of formal complaints (***) and contradictory requests for documents they already possess, @OldMutualSA still won't resolve this. Have you experienced this? If OMF failed you too, share your story. Together we'll expose these practices. #OldMutualScandal #FinancialJustice #NCRComplaint @NCR_ZA @CreditOmbud @HelloPeter @OldMutualSA

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Replies (1)
Old Mutual
Old Mutual's reply12 May 2025, 17:06
Official
Good day Thulani C, your concerns are very important to us. A dedicated complaint assessor will review your case and reach out to you within 1 business day to discuss the next steps. We appreciate your patience and are committed to resolving this matter promptly.


Regards
Old Mutual Complaints Management