Warning: call_user_func_array() [function.call-user-func-array]: First argument is expected to be a valid callback, '' was given in /home/freetips/public_html/wp-includes/class-wp-hook.php on line 298
Dear ABSA, don’t lie to me… « Free Tips DOT COZA

Dear ABSA, don’t lie to me…


Posted on 16th April 2010 by Tony in Free Tip

, , , ,

I got a phone-call yesterday that seriously ticked me off. I felt cheated by the caller because, effectively it was a sales call. And it went something like this:

  • ABSA: Can I speak to Mr Tony Seeeefaaaat please.
  • ME: Speaking.
  • ABSA: Mr Seeeefaaaat, this is X from ABSA Vehicle Finance and I have been asked to inform you about a problem we have discovered with your Vehicle Finance from us.
  • ME: *panic* uhm, OK
  • ABSA: Yes, Mr Seeeeefaaat is seems your Asset Protection was never initiated and this has us very concerned. Your Vehicle is now exposed should something happen.
  • ME: Huh? What do you mean? My insurance is with Mutual and Federal, not with ABSA.
  • ABSA: No sir, this is not insurance – it is when you die, then ABSA will pay up the premiums so your family is not left with the debt.
  • ME: But that is insurance, right? Wait a minute – this is a Sales Call?
  • ABSA: No sir – it is something important – we must activate your Asset Protection immediately. It is only R630 per month.
  • ME: WHAT! That’s almost my insurance premiums! I’m not paying that!
  • ABSA: This is not insurance, sir – it is Asset Protection when you die. We have a Plan B which is only R380 per month.
  • ME: I don’t want it. If I’m dead, I’m dead – you can take the car back.
  • ABSA: *click*

OK, I am used to sales calls – they’re a part of life, but this one was downright incredible. The Caller completely made out that it was non-optional and that a “dreadful” mistake was made on behalf of the bank. I have 51 months left on the car, and at R630 per month, that’s an extra R32 000 in ABSA’s pocket.

The Caller insisted this was not insurance – well then what would you call it?

Also, I wonder how many unsuspecting ABSA clients have been duped into this unnecessary insurance.

TIP: Never signup anything over the phone – it’s highly pressurised and should be made illegal. Rather insist on seeing the documentation first – or tell them to bugger off.

  1. BlueMental says:

    Noooo. Mr Seeeeefaaaaat, you have it all wrong. It is not insurance at all, it is PROTECTION money! Capiche?

    16th April 2010 at 11:50 pm

  2. Tony says:

    LOL – uhm, yeah right. Whatever. 🙂

    16th April 2010 at 12:11 pm

  3. Rory says:

    I had pretty much the same thing happen to me. But from Standard Bank. At first I thought the guy was just telling me about the features of my existing insurance, then suddenly it’s “so, I have registered you and the extra R100 will be debited with your current amount.” So I said ‘No, I dont want anything extra.” He says, “if you want to cancel it now, you’ll have inform us in writing.” Banking Mafia!

    16th April 2010 at 4:34 pm

  4. Tony says:

    Agreed Rory – it’s unbelievable that this kind of action is legal. So, perhaps what we need to do is start complaining. But to who? Is this the Banking Ombudsman or the Insurance guys?

    My personal feeling is that banks should be restricted purely to banking and that they should have no part in any other “complementary” business like insurance.

    16th April 2010 at 8:36 pm

  5. Rory says:

    Hi Tony,

    Do you still offer your Internet Marketing 101 pack for those of us who can’t make it to your seminars?

    16th April 2010 at 11:42 am

  6. Tony says:

    Hi Rory

    Yup – you can head on over to http://www.webexposureseminar.com and order the DVD series from there.


    16th April 2010 at 12:16 pm

  7. Rory says:

    Is there another way to order the series other than via PayPal? Is it not possible to just do an EFT?

    16th April 2010 at 1:58 pm

  8. Tony says:

    Hi Rory

    Yup – You can do the EFT – drop me an email tony@freetips.co.za.


    16th April 2010 at 2:40 pm

  9. Arthur says:

    Here are some things to cdoisner and ask when comparing policies. What is the liability coverage limits? Do I need excess liability? What are the medical payment limits? Do you need more of either for your purposes (like do you entertain a lot, have hired help on your property, etc.) Does it include worker’s comp (in CA it is mandatory) and it is mandated in your state? What is the coverage for out buildings (sheds), fences, yard ornamentation, etc. Are there mold and mildew restrictions? (Many insurers are excluding both after Katrina). Am I in a FEMA flood plane and do I require flood insurance? Do I need tornado insurance? Is wind damage covered? How are payments structured (i.e. do they have nuisance fees if the policy is not paid in full up front) and if so, is it recurring, a percentage or a specified amount per payment? Do I get a discount for: combining home and auto, fire and burglar alarms, being located close to a fire hydrant or fire station, fire proof construction (i.e. concrete roof shingles, metal framing), clearing a 100 foot defensible boundary, being a certain age, having no claims, having fire extinguishers in the kitchen and garage, etc. If going through a broker, ask how they are compensated, by commission you pay or commission paid by the company. If you are college educated, check with your alumni to see if they have an agreement with any certain insurer for discounts (same applies if you belong to professional membership organizations or a union). What is the personal possession coverage and do you require riders for special collections or jewelry or power tools in a workshop?

    16th April 2010 at 3:57 pm

  10. Leoma says:

    I’m gone to convey my little brother, that he should also visit
    this web site on regular basis to obtain updated from
    most recent information.

    16th April 2010 at 9:59 pm

  11. property-based office atmosphere says:

    My brother suggested I may like this blog. He was once entirely right.
    This submit truly made my day. You can not consider simply
    how so much time I had spent for this info! Thanks!

    16th April 2010 at 9:55 am

  12. Candace says:

    I think everything said made a lot of sense. However,
    what about this? what if you were to create a awesome headline?
    I am not saying your information isn’t good, however what if you added a headline that makes
    people want more? I mean Dear ABSA, don’t lie to me… « Free Tips DOT COZA is kinda vanilla.
    You might look at Yahoo’s home page and note how they create article titles to get viewers to open the links.
    You might add a related video or a related picture or two to grab readers interested
    about everything’ve got to say. Just my opinion, it would
    bring your posts a little livelier.

    16th April 2010 at 11:33 am

  13. Cheryle says:

    Cool blog! Is your theme custom made or did you download it from somewhere?
    A design like yours with a few simple adjustements would really make my blog jump out.

    Please let me know where you got your design. Many thanks

    16th April 2010 at 8:33 pm

  14. Bertha says:

    Great post.

    16th April 2010 at 8:47 am

  15. Leanne says:

    I have been exploring for a bit for any high-quality articles or blog posts
    in this sort of area . Exploring in Yahoo
    I eventually stumbled upon this site. Reading this info So i’m happy
    to show that I’ve an incredibly excellent uncanny feeling I discovered exactly
    what I needed. I so much for sure will make certain to
    do not omit this website and provides it a glance on a constant basis.

    16th April 2010 at 11:40 am

  16. Sabrina says:

    After looking over a few of the blog posts on your site, I honestly like your way of writing a blog.
    I added it to my bookmark webpage list and will be checking back soon. Please visit my
    web site too and let me know how you feel.

    16th April 2010 at 5:18 pm

  17. Ariane Slinger says:

    If some one desires expert view concerning running a blog then i recommend him/her to go to see this weblog,
    Keep up the pleasant job.

    16th April 2010 at 10:01 am

  18. Darin says:

    Hiya very nice blog!! Man .. Excellent .. Wonderful .. I’ll bookmark your site and take
    the feeds also? I’m happy to search out so many helpful info here within the publish, we want work out more techniques on this regard, thanks for sharing.
    . . . . .

    16th April 2010 at 8:22 pm

  19. http://fotografia.folha.uol.com.br/ says:

    Good site you have got here.. It’s hard to find quality writing like yours these days.

    I honestly appreciate people like you! Take care!!

    16th April 2010 at 9:51 pm

  20. glam seamless review says:

    This is the perfect website for everyone who would like to understand this topic.
    You know so much its almost tough to argue with you (not that I personally would want to…HaHa).
    You certainly put a new spin on a subject that has been written about for decades.
    Great stuff, just great!

    16th April 2010 at 5:45 am

  21. politica.estadao.com.br says:

    This site really has all of the information I needed about this subject and didn’t know who
    to ask.

    16th April 2010 at 7:29 am

  22. Ara says:

    Great weblog here! Additionally your web site a lot
    up fast! What web host are you using? Can I get your affiliate hyperlink to your host?
    I wish my website loaded up as quickly as yours lol

    16th April 2010 at 1:57 pm

  23. cara membuat makanan anak says:

    I am really enjoying the theme/design of your web site. Do
    you ever run into any browser compatibility issues?
    A small number of my blog readers have complained about my site not working correctly in Explorer but looks great in Firefox.

    Do you have any recommendations to help fix this issue?

    16th April 2010 at 9:19 pm

  24. glam seamless review says:

    Does your website have a contact page? I’m having
    problems locating it but, I’d like to send you an e-mail.
    I’ve got some recommendations for your blog you might be interested in hearing.

    Either way, great website and I look forward to seeing
    it grow over time.

    16th April 2010 at 11:24 pm

  25. Enrique says:

    Incredible story there. What happened after? Good luck!

    16th April 2010 at 2:25 am

  26. Rusty says:

    Hi, i think that i noticed you visited my blog so
    i came to go back the prefer?.I’m trying to in finding things to enhance my site!I guess its ok to make use of some of your concepts!!

    16th April 2010 at 7:36 am

  27. best security says:

    I’ve read a few excellent stuff here. Definitely worth bookmarking for revisiting.
    I wonder how much attempt you put to make the sort of wonderful informative site.

    16th April 2010 at 12:25 pm

  28. hey says:

    Have you ever considered publishing an ebook or guest authoring
    on other blogs? I have a blog based on the same topics you discuss and would love to have you share some stories/information. I know my
    readers would value your work. If you are even remotely interested, feel
    free to shoot me an e mail.

    16th April 2010 at 3:41 pm

  29. Emil says:

    This web site certainly has all the info I wanted about this subject
    and didn’t know who to ask.

    16th April 2010 at 12:16 am

  30. makanan bayi umur 8 bulan says:

    I know this if off topic but I’m looking into starting my own blog and was
    curious what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny?

    I’m not very web smart so I’m not 100% sure. Any tips or advice would be
    greatly appreciated. Thank you

    16th April 2010 at 3:07 am

  31. mengatasi bayi 1 tahun susah makan says:

    excellent issues altogether, you simply gained a brand new reader.
    What might you recommend about your post that you simply made some days ago?
    Any certain?

    16th April 2010 at 12:31 pm

  32. Silvia Odete Morani Massad says:

    I loved as much as you will receive carried out right here.
    The sketch is tasteful, your authored subject matter stylish.
    nonetheless, you command get got an edginess over that you wish be delivering the
    following. unwell unquestionably come further formerly again since
    exactly the same nearly very often inside case you shield this hike.

    16th April 2010 at 6:37 pm

  33. Silvia Odete Morani Massad says:

    Howdy would you mind letting me know which hosting company you’re utilizing?
    I’ve loaded your blog in 3 completely different web browsers
    and I must say this blog loads a lot faster then most.

    Can you recommend a good internet hosting
    provider at a fair price? Many thanks, I appreciate it!

    16th April 2010 at 9:10 pm

Leave a comment