What is meant by a financial year/benefit year?

4/5 (80%) 3 vote(s)
rate this answer

The financial year of the Fund runs concurrently with the benefit year from 1 January until 31 December of each consecutive calendar year. The Fund announces its new monthly contributions and benefits structure that will apply for the following financial period from 1 January until 31 December on an annual basis. However, the Board of Trustees reserves the right to adjust monthly contributions with a 1-month notice period in the event of unforeseen market changes.


The Roll-Over Benefit is a low claims incentive through which unused day-to-day benefits below the threshold value will be transferred from one financial year to another. At the start of each new financial year, new benefits are thus allocated to members in accordance with the benefit structure that will apply for the particular year.

How helpful was this answer?

Help NHP improve our services by rating the question above.

Not at all helpful Not very helpful Somewhat helpful Very helpful Extremely helpful

FAQ Keyword Search

Use the keyword search box below to filter the FAQ questions. To ensure maximum results, keep the search to short important keywords where possible.

Need assistance?

Contact an NHP representative to assist you when applying for membership or if you have any questions regarding any of our options

Help me choose an option

Not sure which option is best for you? Use our interactive online option suggestion tool.

Join Now!

Join NHP today, download and complete the individual member or employer group application form.
Copyright 2013 - 2019 © - Namibian Health Plan (NHP) - Designed and Developed by iWits Web Development and Design Namibia.