#Momentum hasn't contacted me yet, says widow in R2.4m claim drama | Daily News

  • 📰 IOL
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Momentum on Monday said it would refund the widow of a Shallcross man whose insurance policy they refused to pay out after he was killed in a hijacking. Link: Video: Matthew Van Schalkwyk/ African News Agency (ANA)

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

not good enough

Momentum_za time to admit your business model is flawed in favor of big profits! Checking validity of a contract after accidental death as per your defense is immoral. Stop trying to increase profits and do the blood tests etc others do upfront!

Refund u must be joking just go get out paying. Punish them people

The man was a fraud from the word go. It is because of people like him that the South African insurance fees are so high. Well done to Momentum for not giving in. NoToCrime

Momentum has a history of not paying clients. This is not the first.

This was an accidental death therefore the policy holder is entitled to an immediate payout, do not play with irrelevance

Still not enough, they need to make the full payment!

Momentum, the death not caused by claim insurance put forwards,why not paid following the shooting than to causes more harm to the family protestatmomentum. ne

The cheap way out for Momentum. You need to pay them the 2.4m that is due to them and not the installments they paid. MomentumMustFall

Dear Momentum_za - if you offer to refund the R40000 premiums, you’re admitting that they’re entitled to something, but not the full R2.4M claim. The basis that you offer the premiums,is exactly the same basis that they should get the full R2.4M and R400000 education fund.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING NEWS: Momentum agrees to pay out R2.4m policy | Independent on SaturdayMomentum has agreed to pay out the R2.4m policy of Nathan Ganas, who was shot dead during a hijacking at his Shallcross home in March last year. _Lehlo They definitely tried it Abramjee The power of social media HlokiMabogale I guess they must have felt the heat. It's always great to speak out
Source: IOL - 🏆 46. / 51 Read more »

Widow 'excited, glad' after Momentum agrees to pay out R2.4m life policy | IOL NewsToday's cartoon by Mangenatoons. Momentum MomentumMustFall insurance LifeInsurance PayOut Backlash outrage public Read the full story:
Source: IOL - 🏆 46. / 51 Read more »

#Momentum's decision to pay R2.4m claim illustrates the power of social media | IOL NewsThe insurer's about-turn on the Ganas claim is a classic example of the powerful role that social media plays in holding big business to account.
Source: IOL - 🏆 46. / 51 Read more »

Widow 'excited, glad' after Momentum agrees to pay out R2.4m life policy | IOL NewsThe widow of Nathan Ganas has responded to the news of insurance group Momentum paying out the R2.4m life policy. God be praised!!Hallelujah!
Source: IOL - 🏆 46. / 51 Read more »

#Momentum responds to social media backlash over R2.4m claim | IOL NewsMomentum has released a statement addressing the questions most frequently raised by the public regarding their refusal of Denise Ganas' claim. Momentum say the client did several tests and was well aware of his diabetic condition but if Momentum was also aware of this why did they continue letting him pay every month. If they say there was no contract in place why are they paying the premiums back🤷‍♂️ They confirmed my suspicions. So for Momentum, the truthfulness of information you supply at underwriting is only important when it’s payout time. Meaning, upon your death, they look for reasons not to pay out. MomentumMustFall
Source: IOL - 🏆 46. / 51 Read more »

Momentum to refund premiums after refusing R2.4m payout | IOL NewsMomentum Life has undertaken to refund the premiums for a Durban man whose policy they refused to pay out after he was killed in a hijacking. Are the interest rates compounded? This is unfair to the customer. Momentum_za They must pay interest. The contract notwithstanding. That man could have put his money in an interest bearing account or invested it elsewhere.
Source: IOL - 🏆 46. / 51 Read more »

#Momentum hasn't contacted me yet, says widow in R2.4m claim drama | Daily NewsDenise Ganas says she has not been contacted by Momentum Life about the company's decision to refund the premiums paid on her husband's policy. DailyNewsSA Financial institutions have an impression that, just because they operate in Africa they’ll never be questioned! Good on you South African citizens for defending your own! The rest of these institutions should be on the lookout... you will be challenged!
Source: IOL - 🏆 46. / 51 Read more »

Western Cape police seize abalone worth R2.4m in Milnerton | IOL NewsWestern Cape police seized 4932 units of shucked abalone and 638 units of dried abalone with an estimated street value of ... Chinese
Source: IOL - 🏆 46. / 51 Read more »

Widow 'not accepting' premium refund from #Momentum | IOL NewsThe widow of a Shallcross man whose insurance policy Momentum refused to pay out after he was killed in a hijacking has rejected ... Good for her. Why would she accept change? We will keep withdrawing policies until Momentum thieves pay back the full R2,4 mil with interests. In the process, we will make this GCEO famous for ill-treatment of members. No place for crooks behind suits and fake smiles Some insurance companies will promise you heaven and earth so that you join them maar tyd van uitbetall kom hulle met allerande strond mxm
Source: IOL - 🏆 46. / 51 Read more »

Disgraced PE attorney to serve jail time for R2.5m fraud | IOL NewsDisgraced Port Elizabeth attorney, Michael Randell, will have to serve his four year sentence after he defrauded Greenwood Primary School.
Source: IOL - 🏆 46. / 51 Read more »