(gI)   any amount received or accrued in respect of a policy of insurance relating to the death, disablement, illness or unemployment of any person who is insured in terms of that policy of insurance, including the policyholder or an employee of the policyholder in respect of that policy of insurance to the extent to which the benefits in terms of that policy are paid as a result of death, disablement, illness or unemployment other than any policy of which the benefits are paid or payable by a retirement fund;

[Paragraph (gI) inserted by section 23 of Act 31 of 2013 and substituted by section 14 of Act 43 of 2014 and section 16 of Act 25 of 2015 effective on 1 March 2015]