Oman- Over 16,000 establishments covered by social insurance


(MENAFN- Muscat Daily) Muscat- The number of active establishments covered by the social insurance system reached 16,723 by the end of May according to the latest statistics issued by the Public Authority for Social Insurance (PASI).

The number of active insured people registered in social insurance in the private sector reached 230,193.

The majority of active insured are in the age group of 26-30 years. The average wage for the total active insureds is RO686.

Severance of service, which includes termination of service, resignation, transfer to another employer and severance of service due to death or disability and severance of service for other reasons till the end of May were 24,994.

The number of active insured persons in the common system of extending insurance protection to GCC citizens was 1,739. The number of active insured persons in the insurance system for self-employed Omanis and their equivalents was 9,706 until the end of April 2018.

The number of cumulative pension cases disbursed until the end of May was 16,222.

The disbursements for old-age pensions accounted for 42.7 per cent of the total pension until the end of May, followed by the non-vocational death rate of 31.5 per cent, followed by cases of disability pension resulting from a non-occupational cause, accounting for 19.2 per cent.

Disbursements for occupational disability pensions and professional death pensions constituted 2.7 per cent and 3.8 per cent respectively of total pension disbursements until the end of May 2018.

The number of cases where insurance benefits have been paid due to work injuries was 191 till the end of May.

Traffic accidents formed 34.6 per cent of the cases.

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