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At the end of 2007, Nambawan Super Ltd reached K2 billion mark in total assets, indicating 40% growth and a new record level for the fund.
- Also, Nambawan Super received K250 million from the Government of PNG to settle part of its Unfunded Liability from proceeds available from the state's unbudgeted budget surplus.
- New Kiosks locations, working along with POST PNG.
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Life Insurance Cover
Effective from 1 January 2004, the new Superannuation Legislation prevents the Fund from using member contributions to provide life insurance cover for contributors. As the Fund is not licensed under the Life Act it cannot itself provide life insurance cover.
Members who wish to continue with life insurance can do so by making additional voluntary employee contributions to cover the cost of the premium. Members are therefore encouraged to apply directly to a licensed life insurance company.