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NIB Launches Training Course for Claims Officer Hopefuls

NIB Launches Training Course for Claims Officer Hopefuls

1/13/2021 12:25:20 PM

January 13, 2021 - NIB has launched an 8-week training programme for external candidates who were selected for the 2021 Claims Officer training programme.  Over the next 8 weeks, the candidates, who come from diverse career backgrounds, will learn the National Insurance legislation, claims processing, mathematics techniques and the NIB computer system.  The competitive course features a number of examinations, which must be passed in order to be chosen for the available slots for claims officers.  The candidates will be exposed to the claims processes for both long-term (i.e. retirement, invalidity, disablement and survivors) and short-term (i.e. unemployment, industrial, maternity, funeral and sickness) benefits and assistances.  At the opening session, NIB Director, Dr. Nicola Virgill-Rolle wished the candidates every success in this course.


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The National Insurance Board (NIB)began operations in October 1974, to ad-minister a social security system that wouldprovide workers and their families withbasic financial protection against the lossof employment earnings in the event ofsickness, childbirth, retirement, invalidity,death, workplace injury (1980), and un-employment (2009). Under NationalInsurance, insured contributors are coveredfor three main types of contingencies –
Employers are reminded that summer students between the ages of 14 years and 24 years, who are employed for an aggregate of 10 weeks, between the period June 1 and August 31, in any year, are exempted from paying National Insurance contributions from their earnings. The employer, however, is required to pay contributions of two percent (2%) of the students’insurable wages in respect of their summer earnings.
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Direct Deposit
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In February 2006, the National Insurance Board (NIB) began the initiative to have all long-term benefit and assistance payments deposited directly into pensioners’ bank accounts. Apart from the efficiency gained as a result of the direct deposit, NIB considered the initiative to be a significant step forward in ensuring that the actual process of paying pensions and assistance payments was more humane and individualized, as well as confidential.
The National Insurance Board and The Bahamas Pharmaceutical Association announced on Thursday that they are working together to successfully launch the National Prescription Drug Plan (NPDP) in August of this year.
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