Pukwana ya Kganya Contract

34 13.3.4 If the Beneficiary makes representations to the Insurer, the Insurer shall, within 45 (forty-five) days of receiving such representations, inform the Beneficiary of its decision. 13.3.5 After receipt of the decision of the Insurer, if the Beneficiary does not, within 12 (twelve) months from the date of the happening of the Insured Event, begin legal proceedings in a competent court and prosecute such proceedings to final judgment, any liability of the Insurer shall be extinguished and no Benefits will be payable for such Claim and/or the Insured Event. 13.3.6 The 12 (twelve) month period will be suspended during the 90 (ninety) day period mentioned in clause 13.3.2, and provided further that the Beneficiary will at all times have at least 6 (six) months after the expiry of the 90 (ninety) day period to institute legal action in a court of law or to lodge a complaint with the Long-term Insurance Ombudsman. 13.4 Payment of Claims 12 13.4.1 Funeral Policy and Dread Disease and Personal Accident Policy 13.4.1.1 Claims in terms of the Funeral Policy and Dread Disease and Personal Accident Policy shall be settled by the Insurer by electronic funds transfer (" EFT ") into the bank account nominated by the Beneficiary upon submission of the Claim. 13.4.1.2 The nominated bank account must be a bank account held with a South African bank, and payment will be made in South African Rands into such bank account. 13.4.2 Basic Needs Benefit Policy 13.4.2.1 Claims in terms of the Basic Needs Benefit Policy will be settled by the Insurer by way of Vouchers. 12 Underlined amendments, insertions and strike-through amended with effect from 1 April 2023.