Your membership includes a “Membership Payback Benefit” which activates on the death of the Main Member only. Your beneficiary or the executor of your estate will be paid an amount equivalent to the value of the total number of Jika Smart membership fee debits we have successfully collected from You.
This amount will be calculated from the first successful collection of your monthly Jika Smart Membership fee up to the last Jika Smart Membership fee successfully collected before your death. Interest is not applicable and will not be paid.
This benefit is for the main member only. To be clear, if you have passed away, and regardless if the Policy has continued, no other person on the Policy is entitled to the Membership Payback Benefit. The Jika Smart membership fee is as per the Jika Smart Membership letter.