PP
PHINDILE P

1 reviews | Active since Jun 2021

14 Mar 2026, 09:42

Pathetic and force selling their products

Last year I took up funeral cover with standard bank and they offered me option to have premiums and cover increase annually and I chose my premiums and cover not to increase and it's written in my policy documents. To my surprise standard informed me that my premiums will increase in April. Can you explain why my premiums must increase when I opted for it to remain the same,there is a reason why I don't want the automatic increases because I may not afford the increased premiums . If you told me that premiums increases are mandatory I would not have taken policy with you.

0
Replies (4)
Standard Bank
Standard Bank's reply14 Mar 2026, 10:00
Official
Good day Phindile, 

Thank you for bringing this issue to our attention. 

As Standard Bank, we are committed to providing you with the best possible service and will ensure that this issue is taken care of. 

We sincerely apologise for any inconvenience or unwarranted frustration this has given you. 

Kindest regards, 
Standard Bank Hello Peter Team 
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PP
PHINDILE P's update14 Mar 2026, 10:09
Reviewer Update
Thank you for the response,I will definitely cancel all my policies with standard banky if you go behind my back to increase premiums which is something I did not agree to.

Your response time is quick here on Hello Peter because it's public platform and your reputation is more important than good customer service. I sent my complaint privately through email and I got ignored. So shocking that we have to use platforms like these and social media in order for standard bank to respond.
PP
PHINDILE P's update18 Mar 2026, 11:25
Reviewer Update
I am not happy with your response because my policy schedule states no automatic annual increase but now you are telling me that I agreed that my premiums will increase every as I get older. Pathetic how you **** customers with tricks to milk more money from your customers. I will approach the Ombud for short term insurance.
PP
PHINDILE P's update22 Mar 2026, 08:37
Reviewer Update
Hi.

I did receive response that premiums will increase because according to your institution I agreed to have insurance premium increase automatically every year. I suspended my two debit orders thid months until the Ombudsman makes a ruling on my complaint against standard bank.