2020 INTEGRATED REPORT NAMIBIA

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) for the year ended 31 December 2020 25. NET INSURANCE BENEFITS AND CLAIMS Group 2020 2019 R’m R’m Gross Long-term insurance contracts with and without DPF – Individual sickness and incapacity benefits: Current year 1 712 1 391 – Individual sickness and incapacity benefits: Arising from prior year 149 51 – Group non-DPF component of death benefits 1 267 716 – Individual DPF component of death, retirement and resignation benefits 1 596 1 456 Short-term insurance contracts – Personal lines 89 119 – Commercial lines 4 9 – Professional indemnity 24 7 Total gross insurance benefits and claims 4 841 3 749 Reinsurance recoveries Long-term insurance contracts with and without DPF – Individual sickness and incapacity benefits (124) (104) – Death benefits (335) (150) Short-term insurance contracts – Personal lines – (1) – Professional indemnity (22) (5) Total reinsurance recoveries (481) (260) Total net insurance benefits and claims 4 360 3 489 174 | PPS INTEGRATED REPORT 2020