One million Norwich Union policyholders to share £1.4 billion 9 June 2009 at 6:50PM in Savings & Investments 50 replies 9.3K views

Former_MSE_Guy

This thread is to discuss the following news story:

One million Norwich Union policyholders to share £1.4 billion

clairbear_3

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

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

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

Geoffo_M

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

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!

skinnymom

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

we have an endowment policy with them - will we be eligible - we havent received any paperwork about this?

Baldur

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

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

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!