This proposal seeks to compensate policyholders of the Youpla Group and comprises two components:

Component 1: The to-be-established Compensation Scheme of Last Resort (CSLR) would honour any claims made by a policyholder of the Youpla Group. This CSLR would cover funeral expenses following the death of a policyholder occurring from the start of the liquidation process until the finalisation of the liquidation process. Additionally, the CSLR would cover claims associated with a death having occurred before the start of the liquidation process, which has not been honoured following the commencement of the liquidation process.

Component 2: Fully repay insurance premiums paid by all policyholders at the start of the liquidation period unless the policyholder has been affected by Component 1.

The proposal would have effect from 1 July 2022