AfricaComplaints.com » Business & Finance » Complaint / review: Sanlam - Policy states 5% low inflation = R38200 | #102872

Sanlam
Policy states 5% low inflation = R38200

After ten long years of saving towards a policy starting wiht R200 and inflation of 5% - it is stated on the policy document that even with low inflation the minimum amount paid at maturity is R38200 and R48200 at high inflation. now i am fully aware that we do not have a stable economy but even at the lowest minimum should be paid R38200> today i received an email stating i will be paid R33000. Now policy document states a different minimum amount - how is this possible. I have left message and trail of email for someone to advise urgently. Also my debit order for the terminated policy is still running off my account. I request reversal and cancellation of the debit order. After ten full years of paying - and NOT ONE unpaid debit order - is this really what i get??? Aruna

Date:

Company: Sanlam

Country: South Africa   City: Headoffice

Category: Business & Finance

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