Seanad debates
Wednesday, 12 February 2003
Unclaimed Life Assurance Policies Bill 2002: Second Stage.
I am inclined to agree with the point made by Senator Phelan. Insurance is different from banking. Perhaps a more proactive approach is needed, therefore, rather than just correspondence. Perhaps telephone calls should be encouraged as a fall-back if the correspondence fails to elicit an answer. Many find financial correspondence off-putting and even if they do not put it in the bin, they might put it aside for long periods and sometimes never actually get around to it.
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