MN
Malungisa N

1 reviews | Active since Jun 2021

05 Aug 2021, 21:30

SANLAM incorrectly deducts a cancelled policy

I have recently taken a life cover policy and funeral with Sanlam to start in July 2021. With that had an investment policy added that was supposed to start. In total the deduction would kd have been R 1700. However early July 2021 indicated through my Sanlam dedicated financial advisor to cancel the investment due to my financial situation to the amount of R 1000. We processed with my advisor all the required documents for cancelations but SANLAM went ahead and deducted. Now i have neen told about terms and conditions that don't apply to the policy cancelled way before debit order dates. Now i am being sent around with payment before 13th now will have to wait 25 days, unless i indicated that i will not refund but have explicitly cancelled the policy but they went ahead. My financial advisor from Sanlam has done all he can but seems head office of SANLAM doesn't really care.

0
Replies (3)
Sanlam
Sanlam's reply05 Aug 2021, 21:36
Official
Dear Malungisa

We acknowledge receipt of your complaint. Your matter was escalated to the relevant department for further investigation.

Kind regards 
Sanlam Client Relations 
MN
Malungisa N's update06 Aug 2021, 11:16
Reviewer Update
Thank you SANLAM for the Prompt Response from your representatives Tania Ross and Sinethemba Yantolo. The refund has been promised by today subject to the bank's terms.
Sanlam
Sanlam's reply06 Aug 2021, 14:37
Official
 Dear Malungisa 

We acknowledge your response.

We trust the matter is resolved.

Thank you and please stay safe.

Kind regards
Client Relations