let's hear your opinions...

Subject: let's hear your opinions...
Replies: 17 Views: 437

ladibud 21.11.18 - 08:42am
on this...

a life insurer here has come under fire for refusing to pay out a policy for a man murdered in a hijacking....

he apparently had high blood sugar which he didn't reveal to the insurer .... he has been for a few tests during the past few years and didn't disclose this...

the life insurer have no refused to pay out for this reason. they have said that they would repay all the installments the man had paid tho. * +

ladibud 21.11.18 - 08:44am
I have been quite surprised at the lack of knowledge and logic displayed by the public regarding this....

imo, the insurer have the right to refuse this and are mornin the wrong... even tho the man didn't die from a sugar related illness, he was not being honest... it's about the precedence and not the reason of death * +

kimjongl 21.11.18 - 08:57am
I read last night Momentum have agreed to pay out the policy in full and have said they will pay other policies where there was similar non disclosure up to R3m.

It's a difficult one. On the one hand, by the letter of the agreement, the insurer was right. But on the other hand, does the law protect such contracts that may have unreasonable or arbitrary clauses in them.

Personally I think the government should re look at both short and long term insurance law and try to bring them more in line with current consumer protection laws. The underlying principle of insurance law is that the claimant should not be enriched by a claim. Similarly, I think this should also apply to insurers in their attempts, sometimes unscrupulous, to repudiate claims.

The bottom line in this specific case is that Momentum greatly underestimated public sentiment and now are trying to play catch up. It's not their claims dept. that messed up, it's their PR dept. and Executive leadership. * +

sourface 21.11.18 - 10:01am
Opinions opinions opinions lol. * +

ogdenz 21.11.18 - 10:03am
Insurers tend to look for any reason not to pay out imo.
* +

ogdenz 21.11.18 - 10:05am
What has his high sugar level got to do with being murdered. Could he have avoided being murdered if his sugar levels were normal? * +

bozzalad 21.11.18 - 10:12am

@ ladibud - 21.11.18 - 08:42am
on this...

a life insurer here has come under fire for refusing to pay out a policy for a man murdered in a hijacking....

he apparently had high blood sugar which he didn't reveal to the insurer .... he has been for a few tests during the past few years and didn't disclose this...

the life insurer have no refused to pay out for this reason. they have said that they would repay all the installments the man had paid tho.

that's an expensive lie
could come back to haunt someone * +

3mel 21.11.18 - 10:21am

@ bozzalad - 21.11.18 - 10:12am
that's an expensive lie
could come back to haunt someone

they'd have cancelled his policy upon hearing. his previous payments would've been wasted for sure.

actually maybe they'd offer him a new much higher premium. * +