PASI keeps pace with social, economic changes

Business Saturday 17/November/2018 18:08 PM
By: Times News Service
PASI keeps pace with social, economic changes

Muscat: The Public Authority for Social Insurance (PASI) is one of the state institutions that provides many insurance services for private sector employees, the self-employed, workers abroad and their families by covering ageing, disability, death, vocational injuries and disease risks.
PASI provides packages of insurance benefits as per the requirements stipulated by the laws and regulations.
As of the end of September 2018, most of the active insured were focused in the age category between 26 and 30 years or 22.6 per cent of the total number of active insured. The average salary for subscription for the total number of active insured was OMR690.
The number of active insured persons in the common system of extending insurance protection to the Gulf Cooperation Council (GCC) citizens was 1,756 cases. The number of active insured in the insurance system for Omanis working abroad and their equivalents was 48 cases until the end of September 2018.
The number of active insured persons in the insurance system for self-employed Omanis and their equivalents stood at 9,697 until the end of September 2018. The number of cumulative pension cases disbursed until the end of last September was 16,707 cases.
The disbursements for old-age pensions accounted for 42.9 per cent of the total pension until the end of September 2018, followed by the non-vocational death rate of 31.3 per cent, followed by cases of disability pensions resulting from a non-occupational cause, accounting for 19.4 per cent.
Disbursements for occupational disability pensions and professional death pensions constituted 2.7 per cent and 3.7 per cent, respectively, of the total pension disbursements until the end of September 2018. The number of cases where insurance benefits have been paid due to work injuries was 344 cases until the end of last September. Traffic accidents formed 34.3 per cent of the cases.