Notice of Nammed’s Annual General Meeting – 11 June 2025
Mon, 28 Apr 2025
Call for Agenda Items
Members are
encouraged to submit any matters they wish to have placed on the agenda for
discussion during the AGM. If you have any questions that you would like the
Board of Trustees to answer or explain, don't hesitate, send your question
through. By doing so you will enable the Board to provide good answers and
explanations at the AGM. Please send your submissions in writing to info@nammed.org.na by 10 May 2025.
Duties
of Trustees
The Board
of Trustees plays a critical role in ensuring the sound governance of Nammed.
Trustees are responsible for:
- Overseeing the financial health
and sustainability of the Fund.
- Ensuring compliance with
regulatory requirements.
- Protecting the interests of all
members.
- Setting strategic direction and
policies.
Call for
Trustee Nominations
We are
seeking committed and skilled individuals to fill three (3) vacancies on the
Board of Trustees. The 1st term of Mr. Johannes Iipinge and Mr. Calie Jacobs
have come to an end, and both are eligible for re-election. Mr. Ruaan Smith
resigned as Trustee and should be replaced.
To maintain
a strong and effective Board, Nammed seeks individuals with expertise in:
- Legal and compliance expertise
- Investment and risk management
- Marketing and communications
- Human capital management
In
addition, according to the Fit and Proper Standard by NAMFISA, all Board
members must have:
- A Namibia Senior Secondary
Certificate Ordinary (NSSCO) or equivalent with commercial or
business-related subjects (Mathematics, Economics, Accounting, Computer
Science, or any other business subject(s)); and
- A minimum of three years’
experience in the financial services sector or any other relevant sector.
Nomination
Process
If you or
someone, who is a fellow member of Nammed, is interested in serving as a
Trustee, please submit a completed nomination form, signed by both the nominee
and the nominator, along with five (5) supporting member signatures and an
updated CV of the nominee including references. All signatories must be Nammed
members in good standing.
Nominations
must be submitted to info@nammed.org.na by 10 May 2025.
Additional
Information
The
financial statements will be available on request, and the agenda and the
Trustee nominees will be circulated prior to the meeting.
The AGM
Pack will be distributed on 23 May 2025.
We
encourage all eligible members to take an active role in shaping the governance
of Nammed. Your participation strengthens the Fund and ensures that it continues
to provide excellent service and benefits to all members.
We look
forward to your attendance and engagement at the AGM.
Side Pannel
Medical Aid Options
Nammed
Basic
The Basic option provides reasonably-priced, primary healthcare services to the lower-income group. (Maximum monthly salary may not exceed N$17 000).
N$795
Overall Annual
Benefit of
Unlimited (State Facility)
Nammed
Trauma
The Trauma option offers comprehensive benefits for major medical expenses normally associated with hospitalisation. Ideal for members wishing to cover hospital costs only.
N$1892
Overall Annual
Benefit of
N$3 150 000.00
Nammed
Active
The Active option offers benefits associated with hospitalisation and day-to-day medical expenses. This option will cater for young, single people and smaller, healthy families.
N$1939
Overall Annual
Benefit of
N$1 575 000.00
Nammed
Essential
The Essential option is generally suited for the healthier person or family between 36 and 55, who seeks greater benefits than the Active option without needing as much as the Standard option offers.
N$3299
Overall Annual
Benefit of
N$2 310 000.00
Nammed
Standard
The Standard option offers benefits associated with hospitalisation and day-to-day medical expenses. This option is well-suited for the middle-to-higher-income earners who wish to enjoy peace of mind.
N$3794
Overall Annual
Benefit of
Unlimited
Nammed
Comprehensive
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.
N$4801
Overall Annual
Benefit of
Unlimited
Life Stages
18-25
Starters
- Beginning Employment.
- Low - Medium Income,
- Low Health needs,
- For unexpected medical needs.
26-35
Nest Builders
- Seek value rather than cheapest option.
- Need cover for expected medical needs for the young family..
36-55
Mid-Lifers
- Middle to High income levels,
- Medical Aid is a routine monthly expense,
- stable health needs,
56-60
Grey Foxes
- Moving towards retirement,
- Health risks and prevalence of chronic diseases increasing,
61+
Wise Owls
- Members approaching or in retirement,
- Increased prevelance of chronic diseases,
- Greater importance of extent of cover for major medical events like knee & hip replacements.