SL
Sonja L

1 reviews | Active since Mar 2009

17 Oct 2016, 13:25

Premium not guaranteed for five years

<p>I have to write my complaint publicly due to Outsurance not having a "complaint" email address. </p> <p> </p> <p>My fiance and I signed up for life insurance in 2013 and our policies state your premium is guaranteed for five years". From my understanding, this guarantee that the premium will not go up for 5 years. This is not the case as our policies has been escalating annually since then and I've raised it to Outsurance before via the call centre but it was not dealt with.</p> <p> </p> <p>I need this resolved asap. So far I am happy with the policy but not with the premium that keeps escalating.</p>

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Replies (1)
OUTsurance
OUTsurance's reply19 Oct 2016, 15:14
Official

Dear Sonja,

Thank you for allowing us the opportunity to look into the detail. Tina our client care manager has since been in contact and explained the relevant information in detail. Tina explained in the policy document which was sent to you they explained the premium increases up to year 25. She will resend the documents and if you need any other assistance you are welcome to contact her directly.

Regards,

Alet