First For Women Insurance
Their lack of integrity, labeled as "lack of funds"

On 6 December 2013 I received a review letter (dated 25 November 2013) from 1st for Women, regarding my annual policy update.
The reason for the increase of my premium was given as inflation in the repairs and service industry. The premium was increased by 40.72% should I wish to continue with my current excess. If however I wished to lower the premium (increase of 21.07%) then my excess would increase from R3600 to R8960.
I checked the inflation rate of South Africa, currently at 5.55%, with a forecast for 2014 at 5.48%.
I explained this to the consultant who was assisting me in cancelling the policy, and he wanted to refer me to a supervisor to see what could be worked out. I declined, as I do not wish to support an institution where integrity is not part of their values:
* Less than a month's notice
* More than 5% increase
And to prove this assessment of the company, I receive my cancellation letter and the reason given for cancellation is that I'm "Unable to afford Cover".
To 1st for Women: Try putting No Integrity as one of your options for cancellation

Company: First For Women Insurance
Country: South Africa
City: Underwriting

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