Memo : Maximum Premiums Payable

Mar 14, 2024
1 min read

14 March 2024

Maximum Premiums Payable for a Wisani or NLA Funeral Policy :

I hereby formally, want to inform you that we are no longer allowed to take future payments form any client. The maximum amount for policy premiums that we are allowed to collect is 3 months upfront.

You can effectivly explain to a client by opting for a debit order, clients can ensure that their payments are made promptly and on time, reducing the risk of late fees or missed payments which can have a negative impact at claiming stage.

To comply with the legal requirementsand regulations implementation is with immediate effect.

The current policies that have premiums paid upfront will remain as is, until their term ends.

I kindly request your prompt acknowledgement and implementation of this action, ensuring that we inform our client base on a thorough understanding of this notice going forward.

Thank you for your cooperation and assistance.

__________________________

Hanli Nel

Insurance Admin Manager

Wisani & NLA

Download this memo here:

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