The funeral insurance industry has gone through a lot of reform but questions remain as to whether it's the best way to go. 9News
At Real Insurance we have procedures in place which ensures that key terms of a policy are explained to customers prior to the customer making a decision about whether to acquire an insurance policy. This includes information on how premiums are expected to change over the life of the policy.
We have also communicated in writing with Sandra, prior to each anniversary of the taking out of her policy, what the upcoming changes to her premium will be. To date, there has been 9 separate letters, each showing a change to her premiums. We strongly refute that Sandra has been duped by Real Insurance in any way and to date she has enjoyed uninterrupted cover for nearly 10 years. Her policy benefit currently stands at over $15,000 and she has paid just over $5,000 in premiums. That's on average $500 per year for what is now $15,000 of cover.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gourmet food delivery service Providoor has collapsedAustralian gourmet food delivery service Providoor has collapsed and entered liquidation. Liquidators say the business, which employed 16 people, is unlikely to be able to pay refunds to customers or dividends to creditors. Mr Delia says the difficult economic circumstances facing the hospitality industry caused the collapse.
Read more »
Why Medibank is refusing to reveal the findings of its cyber attack reviewThe private health insurer is refusing to reveal the findings of an external review into a high-profile cyber attack on the company, which breached the private information of about 10 million customers.
Read more »
Govt to invest $10 million towards preventing SMS scamsThe government is introducing an SMS ID registry to prevent scammers from appearing to be a legitimate company through text messages, says Tech Guide Editor Stephen Fenech. “Australia Post, other companies and other brands can register their ID so that any SMS that’s sent to customers has to quote that unique ID,” Mr Fenech told Sky News Australia. “It is going to be even harder for cyber criminals to imitate that. “This is all going to come down as part of the budget – there’s a 10 million-dollar budget for this through the Australian Consumer Media Authority.”
Read more »
Date set for Father Bob Maguire’s state funeralFather Bob Maguire will be remembered at a state funeral in Victoria, with the details of the service now confirmed. 7NEWS
Read more »
Knights left fuming over double standard in hair-pulling controversyThe NRL has experienced its second hair pulling controversy this month with TheParraEels winger Maika Sivo getting away with tugging on NRLKnights opponent Dom Young’s dreadlocks in an attempted tackle during their clash last night. 7NEWS
Read more »
PM announces NDIS cash splash and 'growth target' to ensure sustainabilityPrime Minister Anthony Albanese says the federal government will invest $720 million in the upcoming budget in an attempt to rein in spending on the National Disability Insurance Scheme over time.
Read more »