Active Establishments Covered by Social Insurance System Increase

The latest statistics issued by the Public Authority for Social Insurance (PASI) by the end of January 2018 indicated an increase in the number of active establishments covered by the social insurance system to 16,727 due to an increase in the youth orientation to open private projects.

This was reflected in the increase in the number of active insureds working in the private sector in the Sultanate, which reached 223,659 insured, with a total of 6,350 registered cases.

The majority of active insureds in the age group (26-30) years, constituting 22.8% of the total active insureds. The average wage for the total active insureds was RO687.

Severance of employment for those working inside the Sultanate (including termination of service, resignation, transfer to another employer, termination of service due to death or disability, and termination of employment for other reasons up to the end of January) amounted to 5,205 termination cases.

The number of active insureds in the GCC Insurance Protection Extension system amounted to 1,837. The number of active insureds in the insurance system for Omanis working abroad and their equivalents amounted to 33 insured until the end of January 2018.

The number of insured persons active in the Omanis self-employed insurance scheme and their equivalents was 9,712 by the end of January 2018.

As for the indicators of beneficiaries of insurance benefits, the number of cumulative pension cases disbursed to “beneficiaries in all insurance systems” amounted to 15,472 cases at the end of last January 2018. The cases of old age pension accounted for 41.9% of the total number of pension cases followed by the death cases resulting from non-occupational causes and 32.1 percent of the total, followed by cases of disability pension due to unprofessional reasons, accounting for 19.3 percent. The cases of occupational disability and occupational death pensions were 2.8 percent and 3.9 percent respectively of the total cases of pensions.

The number of cases of insurance benefits due to work injuries amounted to 43 cases, of which the cases of traffic accidents accounted for 34.9%.

Source: Oman News Agency