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One million Norwich Union policyholders to share £1.4 billion

Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
I've been Money Tipped! Newshound! Chutzpah Haggler
in Savings & investments
This thread is to discuss the following news story:
One million Norwich Union policyholders to share £1.4 billion

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Comments

  • clairbear_3
    clairbear_3 Posts: 198 Forumite
    Ive read that 99% are expected to take cash.But would think that anyone whos policy matures in 10 years+(such as me)has a good chance of benefitting greater than measley £200 on offer
  • skinnymom
    skinnymom Posts: 6 Forumite
    just received my pack have been paying for 21 years and they offer us £300 !!!!! is it worth it ???? the endownment wont pay off the mortgage as it is. Do we take it or not ??????????? anybody taking the offer ?????
  • clairbear_3
    clairbear_3 Posts: 198 Forumite
    looking at their illustrations anyone whose policy matures in next few years are advised to take cash
    dont know what allthe fuss has been over such a pittance:confused:
  • Geoffo_M
    Geoffo_M Posts: 1,161 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    This has always confused me. Is this in addition or instead of the 3 yearly payments that were to be paid on your balance at Jan 2008, 2009 and 2010?
  • azureblue_2
    azureblue_2 Posts: 308 Forumite
    Geoffo_M wrote: »
    This has always confused me. Is this in addition or instead of the 3 yearly payments that were to be paid on your balance at Jan 2008, 2009 and 2010?

    It's in addition.

    Lucky us! ;)
    :hello:
  • skinnymom
    skinnymom Posts: 6 Forumite
    thats lucky we will see what we get in the end up lets hope it gives a bit of spending money for me hols :T better get me form filled in and sent off so that i can get me money!!!!!!!!!!!!
  • bagby
    bagby Posts: 828 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    we have an endowment policy with them - will we be eligible - we havent received any paperwork about this?
    ..
  • Baldur
    Baldur Posts: 6,565 Forumite
    bagby wrote: »
    we have an endowment policy with them - will we be eligible - we havent received any paperwork about this?
    If you are eligible, you should have already received massive amounts of paper over the last couple of years regarding this from both Aviva/Norwich Union/Commercial Union and the Policyholder Advocate, if not the latest offer documents.
  • brewerdave
    brewerdave Posts: 8,699 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    bagby-There was/is a checker on the NU site to see whether you were eligible for a payout - think you had to input policy no.
    Unfortunately I wasn't !
  • lisa76
    lisa76 Posts: 1,589 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I haven't received my pack yet, but i await it eagerly. I'm not expecting any more than the minimum, but anything helps. I just want to know when I can cash it in, because I think it'd be better off in an ISA!
This discussion has been closed.
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