There are two parts to Gentistar. Insurance and signing you up to help others.The insurance side I've had no issues. I pay my monthly payment to Vitality and all above board.The second part is to sign you up Genistar which requires a fee. Once signed up you are then encouraged to sign more people up and pay the fee. These sign ups will be part of your team when you will manage. This part of the business could be seen as a pryamid scheme. We were told that the fee was to pay for the test you have to take with the FCA. I cant remember what the test was. I never took it but my wife gave it a good try but in the end it was more about making money and keep signing people up to Genistar so they can try to sell insurance and more importantly sign them up. So if you ignore the sign up and just want insurance then I dont see anything wrong with that part of the business. But asking people to pay a fee to be "self employed" etc...... I always wondered why you could not sign up and pay the FCA direct to pass the required test, when then would remove the feeling that this is a pyramid scheme. No one we know who signed up to Genistar when we did, none are still doing it. The reason I am writing this review is the for whatever reason we got a Whatsapp text from Gentistar which we never signed up too(GDRP breach). No idea who they are because it wasnt the person we purchased our policies from, and at no point were we told there was someone new looking atfer our accounts. Not that we want them to.
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Genistar is a financial education company and our mission is to help families become debt free and financially independent.
At Genistar, our aim and vision for the future is to help families solve the fundamental problems that keep them from achieving financial independence. We believe that everyone should create a financial game plan to help them achieve their goals for the future.See more
