Summary of Amendments Pukwana ya Kganya April 2023
14 2. Loyalty Basic Needs Benefit (Table 2) Claim stage Core Basic Need Benefit (Voucher value)* Loyalty Basic Need Benefit payable in the event of 12 con- secutive Premium payments# (Voucher value)** Loyalty Basic Need Benefit payable in the event of 24 con- secutive Premium payments** (Voucher value)** Loyalty Basic Need Benefit payable in the event of 36 con- secutive Premium payments# (Voucher value)** Loyalty Basic Need Benefit payable in the event of 48 con- secutive Premium payments# (Voucher value)** Loyalty Basic Need Benefit pay- able in the event of 60 consecutive Premium payments# (Voucher value)** Month 1 R330 R110 R220 R330 R440 R550 Month 2 R330 R110 R220 R330 R440 R550 Month 3 R330 R110 R220 R330 R440 R550 Month 4 R330 R110 R220 R330 R440 R550 Month 5 R330 R110 R220 R330 R440 R550 Month 6 R330 R110 R220 R330 R440 R550 # Premium payments refer 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 R330 will be paid simultaneously by way of three Vouchers of R110 each. ** The loyalty Basic Needs Benefit will be paid simultaneously by way of Vouchers of R110 each. By way of example, the loyalty Basic Needs Benefit of R550 will simultaneously be paid by way of 5 Vouchers of R110 each, in addition to the core Basic Needs Benefit of R330, paid simultaneously by way of 3 Vouchers of R110 each.
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