The NIB Programme

THE NATIONAL INSURANCE PROGRAMME 1974 - 2004

The National Insurance Board (NIB) came into being as a result of an Act of Parliament - the National Insurance Act. It was signed into law on 12th December, 1972, by the Minister of Labour and Welfare, the Honourable Clifford Darling, M.P.

 

THE ACT:
“AN ACT TO ESTABLISH A SYSTEM OF NATIONAL INSURANCE PROVIDING PECUNIARY PAYMENTS IN RESPECT OF SICKNESS, INVALIDITY, MATERNITY, RETIREMENT DEATH, INDUSTRIAL INJURY AND DISABLEMENT AND DEATH FROM INDUSTRIAL INJURY, MEDICAL CARE, AND OF SOCIAL ASSISTANCE FOR INSURED AND OTHER PERSONS NOT QUALIFYING FOR SUCH PAYMENTS AS OF RIGHT AND FOR PURPOSES CONNECTED WITH OR INCIDENTAL TO THE MATTERS AFORESAID.”

 

CORPORATE MISSION STATEMENT

  • To provide social security coverage, in the form of benefit payments to insured persons and their dependents, against the following contingencies: Sickness, death, invalidity, child-birth, retirement and, on the death of the family’s breadwinner, survivorship; and industrial injury, including disablement, death and medical care;

  • To provide a minimum level of social security coverage for persons who do not qualify for such benefits as of right; and

  • To effectively and efficiently administer and manage the National Insurance Programme and Fund in accordance with the fiduciary principles laid out in the National Insurance Act and Regulations; and thereby assist with the sustained, orderly socio-economic growth and development of the country.