"In the event of a Member’s death, the sum of RM42,000 will be aid to the beneficiary, trustee or nominee duly nominated by the member. Where a nomination has been made, payment is issued immediately upon receipt of funds from the insurer, which usually takes approximately two months from the date of notification. It is therefore extremely advantageous for Members to appoint a nominee, as it facilitates the process.
If no nomination has been made, the sum will be paid to either the executor or administrator of the deceased Member’s estate.
Additional documents must be provided before payment can be made, and the claims process will take longer to complete in such circumstances." — at Hisham Nazir & Cronies.