Insurance ombuds gave R400 million back to consumers, handled 18 000 complaints

59

[ad_1]

The country’s two insurance ombuds resolved more than 18 000 complaints between them, and reimbursed consumers almost R400 million in the past financial year, with the Ombudsman for Long-term Insurance (OLTI) recovering R200 million, while the monetary benefit for consumers from the Ombudsman for Short-term Insurance (OSTI) amounted to R197 188 388. These figures were part of the joint annual report for the insurance industry ombuds launched on Tuesday. ALSO READ: Life insurance fraud: More than R787 million in fraudulent claims uncovered Long-term insurance According to the report, the office of the OLTI: received 17 379 written requests for help,…

[ad_2]

Source link

Leave a comment