Pukwana ya Kganya Contract

60 PART IV: TERMS AND CONDITIONS APPLICABLE ONLY TO EXISTING MEMBERS 1. Introduction 1.1 This Pukwana ya Kganya Contract comprises Part I, Part II, Part III this Part IV and Part V. 16 1.2 Part IV applies only in respect of Members who acquired Membership to the Kganya Benefits Fund Trust before the Effective Date, being the Existing Members. 1.3 This Part IV provides the additional terms and conditions applicable to all Existing Members who are Policyholders in terms of this Pukwana ya Kganya Contract, and must be read with Part I, Part II and Part III. 1.4 All capitalised terms defined in Part I, Part II and Part III bear the same meaning in this Part IV. 1.5 Since the Basic Needs Benefit Policy only commences after the Effective Date on the Basic Needs Benefit Policy Effective Date, the terms and conditions of this Part IV do not apply to the Basic Needs Benefit Policy, unless expressly stated in the Basic Needs Benefit Policy. 17 2. Background 2.1 All Members of the Kganya Benefits Fund Trust were, as part of the membership to the Kganya Benefits Fund Trust, previously covered as assured lives in terms of group policies between the Kganya Benefits Fund Trust and the Insurer for burial benefits, personal accident benefits and dread disease benefits (" the Previous Group Policies "). 2.2 Due to a change in the insurance laws, the Kganya Benefits Fund Trust and the Insurer are required to terminate all Previous Group Policies and replace them with individual insurance policies with the Members as Policyholders. This also 16 Underlined amendments, insertions and strike-through amended with effect from 1 April 2023. 17 Underlined amendments, insertions and strike-through amended with effect from 1 April 2023.