Summary of Amendments Pukwana ya Kganya April 2023
18 “Beneficiary” means - in respect of the Funeral Benefit, subject to the provisions of clause 5 of Part II - the Policyholder, upon the happening of an Insured Event in respect of an Assured Life other than the Policyholder; and the person(s) nominated by the Policyholder in the MPP Form and/ or the AMPP Form, to receive the Funeral Benefit upon the happening of an Insured Event in respect of the Policyholder as Assured Life; in respect of the Personal Accident Benefits, the Policyholder upon the happening of an Insured Event in respect of the Assured Lives; in respect of the Dread Disease Benefits, the Policyholder upon the happening of an Insured Event in respect of the Policyholder as an Assured Life; and in respect of the Basic Needs Benefit, subject to the provisions of clause 5 of Part II - the Policyholder, upon the Policyholder as Assured Life - becoming Permanently Disabled; or contracting, experiencing, or suffering a Dread Disease; or the person(s) nominated by the Policyholder in the MPP Form and/or the AMPP Form, to receive the Basic Need Benefit upon the death of the Policyholder as Assured Life;
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