Disability benefit annuity: dependants may receive annuity or lump sum on contributor's death or senior age. The amendment defines a qualifying scheme as one providing an annuity or lump sum for a dependant with disability on the subscriber's death or on the subscriber attaining sixty years and discontinuing payments. It further provides that the continuity restriction in sub section (3) does not apply to amounts received by the dependant before the dependant's death where payment is made by reason of the age based condition.
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Provisions expressly mentioned in the judgment/order text.
Disability benefit annuity: dependants may receive annuity or lump sum on contributor's death or senior age.
The amendment defines a qualifying scheme as one providing an annuity or lump sum for a dependant with disability on the subscriber's death or on the subscriber attaining sixty years and discontinuing payments. It further provides that the continuity restriction in sub section (3) does not apply to amounts received by the dependant before the dependant's death where payment is made by reason of the age based condition.
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