“Risk benefit policy” definition of paragraph 12D of Seventh Schedule

“risk benefit policy” means a policy under which the risk benefit provided by the fund directly or indirectly for the benefit of a member of the fund is provided by means other than a policy of insurance;

[Definition of “risk benefit policy” inserted by section 43(1)(b) of Act 20 of 2021 effective on 1 March, 2022 and applicable in respect of years of assessment commencing on or after that date]