NM
Nokwazi M

1 reviews | Active since Nov 2018

16 Nov 2018, 07:05

Standardbank not allowing me to cancel credit insurance policy which my existing life cover, can cover

I have been trying to cancel an insurance policy with standard bank for the last 2 weeks, as I realized I was double insured and advised i could cession existing policy with the bank. I have called; emailed, sent a customer complaint online, asked yhe third party involved in the process to assist and still no resolution. By law, as a customer I have the right to not continue with this insurance. So why are they not complying? I have submitted all required documents. The person who responded (no name in the email) sent a message after 3 days saying this doesn’t meet criteria for cancellation please amend. But, they didn’t read the documents I had sent. All the information they said was missing was in the documents. I responded pointing this out, and guess what? They disappeared like Casper the Ghost! With no response to my second email. I asked for a number to call as I was traveling internationally - No response. I sent an email to customer complaints! - No response!!

So basically I feel like this bank is coercing me. Either I keep being over insured or I lose my bond. This can’t be right! This isn’t as bad, as I can cancel and start from scratch but I am astounded by the fact that no one is communicating with me and responding to my issue.

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Replies (2)
Standard Bank
Standard Bank's reply16 Nov 2018, 10:37
Official
Thank you for posting your comment.

We assure you that as an organization we are committed to providing the best possible service and assure you that this will be addressed as a matter of urgency.  

We apologize for the inconvenience and undue frustration, this has caused.  

We greatly appreciate your continued support 

Kind regards 

Complaint Resolution Centre
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*** (fax)
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NM
Nokwazi M's update20 Nov 2018, 12:03
Reviewer Update
Dear Standard Bank, I have not heard anything from you either than the above response. I have since called the relevant department (again), sent 2 more emails, following your escalation process and still I have not response.