Machipi and Another v Palabora Mining Company Board of Trustees of Palabora and Others (2023-062156)
Machipi and Another v Palabora Mining Company Board of Trustees of Palabora and Others (2023-062156) [2025] ZAGPPHC 84 (6 February 2025)
The court found that section 37C of the Pension Fund Act does not apply to the group life insurance policy administered by Sanlam. The nomination form signed by the deceased is binding regarding the allocation of benefits under the group life insurance policy. The Fund trustees have no jurisdiction to allocate these benefits, and any attempt to do so would be ultra vires. The applicants, as nominated beneficiaries, are entitled to payment of the group life insurance benefits in accordance with the nomination form. The respondents are jointly and severally liable for the costs of the applicati…
Source excerpt
- Group Life Insurance
- Nomination Of Beneficiaries
- Pension Fund Act Section 37c
- Long Term Insurance Act
- Trustee Jurisdiction
- Specific Performance