IWYZE
ABSURD PREMIUM HIKES

Case 1

In Dec 2011 I took a policy with iWYZE valuables insurance for my VW Polo 1.6 at monthly premiums of R1 200.
Earlier this year the premium was increased to R1 500 "inflation'' I was told. A few months down the line, the premiums were increased again to R1 800 as a result of ''? nflation'' and the "two claims"that I had previously made. As odd as I found this, I still continued with iWYZE.

Total claims cost (2 accidents) = R38200

What I find more ridiculous, is having the premiums escalated further to R3200. I think it is insane. That is like double the premium and almost the price of my monthly vehicle repayments. I have not had any claims since the previous increase.

I need this reviewed.

Company: IWYZE
Country: South Africa
City: Old mutual

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