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Who is eligible for NIS?

Who Can Claim? Anyone who is insured under the system and who has attained age 60 years and has retired or at any age between 60 and 65 years that he or she retires; or who is aged 65 whether retired or not.

How much is NIS contribution in Trinidad?

With effect from March 03, 2014, Contribution Rates have increased from 11.7 percent to 12 percent of the assumed average weekly earnings as shown in the Earnings Classes and Contributions based on 12% contribution rate.

How does NIS work in Trinidad?

The National Insurance Sickness Benefit is paid to an insured person who is incapable of working because of sickness or because he is suspected of having a contagious disease and is so certified by a Registered Medical Practitioner. This benefit is not paid if the incapacity arose from injury on the job.

At what age can I apply for my NIS?

Who Can Claim? Anyone who is insured under the system and who has attained age 60 years and has retired or at any age between 60 and 65 years that he or she retires; or who is aged 65 whether retired or not.

How do I renew my NIB card?

Renewal: To renew the NIB Smart Card, Form R4 should be submitted along with the expired card and passport or voter's card. Documents are submitted via the drop boxes at all NIB locations throughout the Bahamas or by email registration@nib-bahamas.com.

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What is the purpose of NIS?

The National Insurance Scheme (NIS) is a compulsory, funded social security scheme. It offers financial protection to contributors and their families against loss of income arising from injury on the job, incapacity, retirement and the death of the insured.

Can I pay NIB online?

Intermediary Bank: FOR CUSTOMERS PAYING VIA OTHER COMMERCIAL BANKS: Payments can be made via Online/ Wire transfers to National Insurance Board using the banking details below, ensuring that the Employer Registration Number, Name and C-10 month are included.

How much does NIS pay in Trinidad?

2) Act, 2016 introduce a new earnings class and contribution table; increases the maximum insurable earnings from $12,000.00 to $13,600.00 monthly; increases the contribution rate from 12% to 13.2%; introduces new sickness and maternity benefits rates and new basic retirement and invalidity pension rates.

What is NIB in Bahamas?

National Insurance Board of The Bahamas.

What is the purpose of the national insurance board?

Its primary mission was and is to provide income-replacement in respect of sickness, invalidity, maternity, retirement, death, industrial injury/disease, and involuntary loss of income.

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