Published on January 17, 2018 11:17 am, by Pete Lalor
Allianz has agreed to refund $45.6 million in insurance premiums to 68,000 policyholders. The insurance policies were sold through car dealerships and provided little or no benefit to customers.
The affected products include:
The policies were sold between December 2010 and November 2017.
The issues with the insurance policies included:
Affected customers are likely to receive a refund or partial refund of the premiums they paid.
Allianz is contacting affected customers and plans to have contacted affected customers by April 2018. Customers with questions about their cover should contact Allianz via phone: 1300 548 165 or email: firstname.lastname@example.org
Further information is also available from ASIC.
At MoneyBrilliant, we’ve got your back. We’ve automatically contacted MoneyBrilliant customers that might be entitled to a refund. It’s all part of the MoneyBrilliant service. To make sure you know about refunds you might be entitled to sign up now at moneybrilliant.com.au
Peter is the CEO of MoneyBrilliant. He has over 20 years experience in banking, insurance and accounting. Peter has three sons, ranging in age from 16 to 3, is a sport and fitness fanatic and a volunteer firefighter. He is passionate about improving people's lives through making financial services more accessible.