PYK Summary of Amendments April 2026

9 5.7 Amendments to Basic Needs Benefit Policy 5.7.1 Table 2 of the Basic Needs Benefits as set out in Annexe E.6 are is replaced in its entirety from 1 April 2026 such that (i) the Loyalty Basic Need Benefit is reduced; and (ii) the Loyalty Basic Need Benefit only becomes payable in the event of 36, 48 and 60 consecutive Premium payments (and no longer after 12 and 24 consecutive Premium payments) to read as follows: 2. Loyalty Basic Needs Benefit (Table 2) Month Core Basic Need Benefit (Voucher value)* Loyalty Basic Need Benefit payable in the event of 36 consecutive Premium payments# (Voucher value)** Loyalty Basic Need Benefit payable in the event of 48 consecutive Premium payments# (Voucher value)** Loyalty Basic Need Benefit payable in the event of 60 consecutive Premium payments# (Voucher value)** Month 1 R360 R360 R360 R360 Month 2 R360 R360 R360 R360 Month 3 R360 R360 R360 R360 Month 4 R360 R360 R360 R360 Month 5 R360 R360 R360 R360 Month 6 R360 R360 R360 R360 # Premium payments refers to the Premium payment history of the Policyholder under the Funeral Policy and the Dread Disease and Personal Accident Policy (with reference to his/her payment of Membership Contributions as contained in the Payment Receipt Booklet). * The core Basic Needs Benefit of R360 will be paid simultaneously by way of three Vouchers of R120 each.