The Nammed Annual General Members Meeting was held on the 14 June 2018 and I am pleased to confirm that the Fund ended the 2017 financial year with a positive financial result. The Fund continued to improve its position above the five year objectives set by the Board of Trustees. For the 2017 financial year the Fund ended the period with a surplus of N$ 25.2m of which N$7.5m was generated by investment income.
The Core option offers benefits associated with hospitalisation and day-to-day medical expenses. This option will specifically cater for low income earners. (Maximum monthly salary may not exceed N$10 000).
Overall Annual Benefit of N$510 000.00
The Comprehensive option offers benefits associated with hospitalisation and day-to-day medical expenses. Ideal for members wishing to cover their medical costs to the greatest extent possible or whose health risks may be perceived as high.