Thursday, May 23, 2013

Is your insurance company honest with you?


Life insurance South Africa is a great thing to have, however one must do your research to find out what is needed   from you to have the insurance plan. Many insurance companies aren't transparent with their requirement...Frank.Net however is. Quite a refreshing thing for companies. Well done Frank.Net

This is currently on their website:

Before applying for Life Cover from FRANK.NET, there are a few things to keep in mind.

Acknowledgement and understanding of the following obligations can help you avoid confusion and uncertainty in the long run, so read through them carefully before taking action.

Determining premiums – Your monthly Life Cover premium is determined by a number of factors, including personal details such as type of employment, lifestyle choices and medical history.

Notifying FRANK.NET of lifestyle choice changes – We need to be notified if you change occupation, start or stop smoking, or start or stop any high-risk sport, hobby or pastime. After being alerted of any of these changes, FRANK.NET may need to amend your premiums or payout. It's important to keep in mind that if you don't let us know about these changes, your future claims may be affected or even denied.

Claim payouts – FRANK.NET wants to ensure that when you claim, we pay. In order to do this, you should avoid deliberately injuring yourself or making yourself ill, and you should always seek and adhere to professional medical advice when you require it.

HIV testing – FRANK.NET requires the results of an up-to-date HIV (Human Immunodeficiency Virus) test from you. It should be sent to us within three months from the commencement of your Life Cover agreement.

Contact FRANK.NET on 0860 722 227 for answers to any questions regarding the above information, or to get a free Life Cover quote.

You definitely want to be part of a company that is completely transparent and honest with you. Frank.Net definitely is!