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The 34th Annual General Meeting of the Society had resolved to change the financial year of the Society from January-December to July-June with effect from the 2018/2019 period in order to align the Society's operational objectives. In pursuance of this, Board undertook to also change the contribution and benefits review date to 1st July. Members would have noted therefore that a review was not done in January as was customary.

Board has continued to watch and review the operations of the Society and are pleased to advise of improvement in performance from the very adverse position the Society was in over the past two years.

However, to ensure that this momentum is maintained as well as ensure sustainability of the Society and that members continue enjoying benefits at same levels, Board approved that monthly contribution rates be revised at a modest 15% with effect from 1st July 2019 as follows:

Scheme

 

Current Rate (K)

Revised Rate (K)

Executive

Member

14,000

16,000

 

Dependent

13,000

15,000

VIP

Member

28,000

32,000

 

Dependent

24,000

28,000

Econo-plan

 

4,000

4,600

EXO

 

26,000

30,000

VIO

 

37,500

43,000

Further be advised that the Society procured a new membership/claims management system as an avenue of continuing analysing its internal processes and controls to ensure efficiency in service deliverance and that payments are indeed made for claims genuinely incurred by its members. Members are encouraged to take keen interest in claims paid on their behalf in-order to curb fraud.

In consideration of the above changes, Board also approved that benefit limits be reviewed accordingly so that members have ease of access to services. The detailed revised benefit table will be communicated separately.

Board shall endeavour to hold the contribution rates up to the next anniversary date which shall be July 2020.

Trusting to be in order.

Sydny B Chikoti
CHIEF EXECUTIVE OFFICER

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