PYK Contract including Continuous Amendments

70 Insured Event occurred to determine whether an additional loyalty Basic Needs Benefit will become payable. 2.6.3 In the event that the Policyholder meets the required number of Premium payments under the Funeral Policy and Dread Disease and Personal Accident Policy (with reference to his/her payment of Membership Contributions as contained in the Payment Receipt Booklet) as set out in Table 2 of Annexe E.6 , the additional loyalty Basic Needs Benefit will become payable as provided for in claus e 2.2 of this Part V. 3. Inception Date 3.1 Basic Needs Existing Members 3.1.1 The cover in terms of the Basic Needs Benefit Policy in respect of Basic Needs Existing Members will incept on 1 April 2023 (being the Inception Date). On this date it is deemed that the Policyholder accepts the offer for insurance cover and Basic Needs Benefit in terms of this Basic Needs Benefit Policy. The Insurer waives the requirement to receive notification of acceptance of the offer. 3.1.1A Cover in respect of a Dependent Child of Basic Needs Existing Members in terms of the Basic Needs Benefit Policy will incept on 1 April 2024 (being the Inception Date). 82 3.1.2 It is recorded that: 3.1.2.1 all Membership Contributions paid by a Basic Needs Existing Member before the Basic Needs Benefit Policy Effective Date, as recorded in the Existing Membership Book, will be taken into consideration for purposes of this Basic Needs Benefit Policy; 3.1.2.2 all Membership Contributions missed by a Basic Needs Existing Member before the Basic Needs Benefit Policy Effective Date, as recorded in the Existing Membership Book, will be taken into consideration as Missed Premiums under the Funeral Policy and 82 Amended with effect from 1 April 2024.