Pukwana ya Kganya Terms & Conditions

42 Information for Existing Members who were members of the Trust before 1 January 2023 • Existing Members are all Members of the Trust who were, as part of the Membership to the Trust, previously covered as assured lives in terms of group policies between the Trust and SDM for burial benefits, personal accident benefits and dread disease benefits (“ the Previous Group Policies ”). • Due to a change in the insurance laws, the Trust had to change the Membership rights of the Members as provided for in the trust deed of the Trust, read with the regulations issued in terms of the trust deed of the Trust. One of the changes required that the Previous Group Policies be terminated and replaced with individual insurance policies for the Members as Policyholders. • Accordingly, the Trust procured access to the Contract for all Members who satisfy the requirements for Membership to the Trust, whereby the Members, previously covered as assured lives under the Previous Group Policies, become Policyholders with rights against SDM as set out in the Contract. • With effect from Effective Date, all Members who were covered as assured lives in terms of the Previous Group Policies (“ Existing Members ”), will no longer be assured lives under the Previous Group Policies, but will become policyholders in terms of the Contract. • It is recorded that: o 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 the Contract; o 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 the Contract; o the Contract commences on the Effective Date. Notwithstanding the commencement of the Contract on the Effective Date, the date of inception of insurance cover in terms of the Policies, is deemed to be the date of commencement of cover under the Previous Group Policies; o any waiting periods completed and/or partially completed by You as Assured Life in terms of the Previous Group Policies, will be taken into account to determine the Waiting Period or any remaining portion thereof to be applied for purposes of the Policies; o any Membership Books (including all records relating to the payment history of Membership Contributions evidenced by receipts) issued by the Trust to an Existing Member before the Effective Date, shall remain in force, subject to any amended terms and conditions as contained in any endorsements issued by the Trust; o all MPP Forms and AMPP Forms completed before the Effective Date shall be accepted by SDM for purposes of the cover in terms of the Policies; o all claims for Benefits which arose under the Previous Group Policies shall – ▪ if submitted before the Effective Date, be dealt with in accordance with the terms of the Previous Group Policies; or ▪ if submitted after the Effective Date, will be dealt with in accordance with the terms of the Contract; and o all claims made under the Previous Group Policies shall be considered in terms of the Contract to determine whether the limitations in terms of the number of claims, as provided for in terms of the Policies, have been reached, in which event a claim for Benefits shall be rejected. • If an Existing Member is a minor at the conclusion of the Contract, then the Trust shall hold the policy for the exclusive benefit of the minor Existing Member, until such time as the minor Existing Member attains majority.