Tag: PPR2.A legislation
No new waiting periods for funeral policy switching
Claims rejected for death occurring during waiting periods is one of the leading causes of complaints to the office of the Ombudsman for long-term insurance. Generally, funeral policies have a 6-month waiting period before a customer can claim. If a customer chooses to change their insurer, they would be obligated to serve a waiting period with their new insurer even if they had completed waiting periods with their previous one.
