PPS Integrated Report 2021 189 | Notes to the Consolidated Financial Statements Aggregate details of insurance between The Professional Provident Society Holdings Trust, any of its subsidiaries, and key management personnel, their families (as defined in IAS 24) and entities significantly influenced or controlled by key management personnel are set out below: Group 2021 2020 R’000 R'000 Life and disability – Premiums 2 588 1 740 Sickness benefit – Premiums 1 500 1 315 – Claims 1 170 635 PPS Profit-Share Account 17 310 15 208 Motor and household – Premiums 1 125 928 – Claims 431 705 Assets under management 63 382 41 738 The transactions with related parties are made on terms equivalent to those that prevail in arm’s length transactions with all members. The aggregate compensation of The Professional Provident Society Holdings Trust trustees and Professional Provident Society Insurance Company Limited executives paid by the Group is set out below: Group 2021 2020 R’000 R'000 Salaries and other employee benefits 49 036 41 069 Performance payments 29 137 26 728 Trustees' remuneration 11 477 10 808 89 650 78 605
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