1 reviews | Active since Mar 2010

04 Dec 2020, 13:15

Loadings on my premium for 6 years

I did send this same complaint to my consultant but didn't get feedback. I am very concerned that my premiums, even after 6 years still have the 50% loading for my premiums. I queried this premium loading a few years ago and was told it could not be adjusted. I want to request, in writing, the reason for such a high loading even though I have contacted PPS to state that my insulin has reduced dramatically over the years I've had this policy. Furthermore the 50% seems exorbitant considering that it has reduced and is not near the levels it was when i took this policy and is lower. I did mention that my blood test results could be provided to show such. Please can you send a full response, in writing, to my complaint. I am actually disappointed in PSS thinking that I've been with you guys for so long and have probably wasted my money paying extra so I will be considering cutting down my portfolio and adding extra cover with my other life insurance provider. For the 50% loading i can get more cover with my Bank instead. I listed my condition with my Bank and there were no penalties added to my premium. Only PPS. Awaiting a response.

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Replies (1)
PPS
PPS's reply07 Dec 2020, 08:02
Official
Dear Cirin
We are sorry that you feel this way. We have taken note of your complaint. Please know that we take all our members’ complaints extremely seriously. Please email us your ID Number on the following email address: *** to address all your concerns raised. Lihle@PPS