Aid for retrenchment of funeral policy Yarden | Money

This is evident from a recent statement. A family of father, mother and two sons, all insured with Yarden, had started the case. They found the unilateral change to their policy in kind in violation of the conditions.

Exceptional

Nevertheless, the insurer has included in the conditions that it may unilaterally change the conditions, in exceptional cases. The Kifid considered whether that condition had been met.

According to the Kifid, this was indeed the case. By maximizing the insured amount, Yarden was able to avoid worse, bankruptcy. The insurer had too few financial buffers for all policies and had been in dire straits for some time.

With a bankruptcy of the insurer, consumers would be much worse off, argues the Kifid. Yarden was eventually taken over by Dela.

Box to cake

This is a bitter pill for the insured. Where they used to be reimbursed for the costs ‘from box to cake’, they now have to pay the costs above € 3,200 themselves, or take out additional insurance. A funeral or cremation quickly costs more than that amount.

The pronunciation of the Kifid does not end the stocking for Yarden. A group of policyholders, united in Social Story, takes the insurer to court. The Consumers’ Association is also opposed to Yarden’s policy.

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