PYK Contract including Continuous Amendments

33 11.3 If the Insured Event happens during the Waiting Period (i.e before the Waiting Period has ended) (if applicable in terms of the Policies), the Benefits will not be paid. 12. Dependent Children 12.1 A Dependent Child in relation to a Policyholder is the following persons: 12.1.1 a child born to the Policyholder ; 56 12.1.2 a legally adopted child of the Policyholder; 12.1.3 a child adopted by custom (provided that both natural parents are deceased) by the Policyholder, who are indicated as Dependent Children in the Payment Receipt Booklet, but excludes – 12.1.4 a child who survives a Policyholder and does not qualify as a Paid-up Dependant; 12.1.5 a child of any Dependent Child of a Policyholder (i.e. grandchildren); or 12.1.6 a child who is 25 (twenty-five) years or older, subject to clause 12.2 o f this Part I. 12.2 Notwithstanding the provisions of clause 12.1.6 above, a child who is 25 (twenty- five) years or older and permanently dependent on the Policyholder because of mental and/or physical disability, will qualify as a Dependent Child if - 12.2.1 the mental and/or physical disability existed or occurred whilst the child otherwise qualified as a Dependent Child; and 12.2.2 at least 1 (one) Premium was paid by the Kganya Benefits Fund Trust in respect of the Policyholder prior to the date the child would otherwise cease to qualify as a Dependent Child. 56 Amended with effect from 1 April 2023.