Archive for Insurance

National Credit Regulator Wants The Consumer Tribunal To Fine Lewis R10m

The National Credit Regulator had referred Lewis and Monarch Insurance Company to the National Consumer Tribunal following an investigation into loss-of-employment cover sold to people who would not be able to claim the benefits.

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Treat Customers Fairly

In enforcing TCF, the authority has imposed huge fines on many firm s for misselling. In the largest yet, the FSA has just dished out a £10,5m fine to banking group HSBC for misselling products. And Barclays was fined £7,7m in early 2011.

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What You Should Know When You Buy A Bank’s Credit Life Assurance

Banks are allowed to make credit life assurance a condition of granting a loan, but they may not prescribe which credit life assurance you may use.

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Credit Life Assurance Increases Cost Of Bank Loans

The credit life assurance – which covers the loan in the event of death, disability or retrenchment – into which the banks will steer you is about the most expensive on offer.

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