Pukwana ya Kganya Contract

61 resulted in the need for the Kganya Benefits Fund Trust to make certain changes to the Membership rights of its Members. 2.3 Accordingly, the Kganya Benefits Fund Trust procured access to this Pukwana ya Kganya Contract for all Members who satisfy the requirements for Membership to the Kganya Benefits Fund Trust, whereby the Existing Members, previously covered as assured lives under the Previous Group Policies, will become Policyholders in terms of this Pukwana ya Kganya Contract. 2.4 The amendments to rights of the Members as explained above, and set out in the trust deed of the Kganya Benefits Fund Trust, read with the Master Regulations and Basic Benefits Regulations, have been confirmed by an order of the High Court under case number 62972/2021 on 3 August 2022, and will become effective from the Effective Date. 2.5 With effect from the Effective Date, all Existing Members who were covered as assured lives in terms of the Previous Group Policies, will no longer be assured lives under the Previous Group Policies, but will become Policyholders in terms of this Pukwana ya Kganya Contract. 3. Continuation of rights 3.1 It is recorded that: 3.1.1 all Membership Contributions paid by an Existing Member to the ZCC before the Effective Date, as recorded in the Existing Membership Book, will be taken into consideration for purposes of this Pukwana ya Kganya Contract; 3.1.2 all Membership Contributions missed by an Existing Member before the Effective Date, as recorded in the Existing Membership Book, will be taken into consideration as Missed Premiums for purposes of this Pukwana ya Kganya Contract; 3.1.3 this Pukwana ya Kganya Contract commences on the Effective Date. Notwithstanding the commencement of this Pukwana ya Kganya Contract, the date of inception of insurance cover in terms of the Policies is deemed to be the date of commencement of cover in respect of the Existing Member