Latest News
Public Notice: Public Service Announcement – Uncollected NIB Cards
May 30, 2025The National Insurance Board (NIB) advises that many new and renewed NIB cards remain uncollected at local offices throughout The Bahamas.Read More...Minister Alfred Sears of the Ministry of Immigration and National Insurance attends the Foreign Ministers and Heads of Delegations meeting on May 12, 2025
May 20, 2025Minister Alfred Sears of the Ministry of Immigration and National InsuranceRead More...Public Notice: Scheduled Maintenance
May 16, 2025The National Insurance Board wishes to advise the public that due to scheduled maintenanceRead More...
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.
Latest Publications
- 11th Actuarial Review
- 10th Actuarial Review
- 2021 Annual Report
- 2020 Annual Report
- 2019 Annual Report
- 2018 Annual Report
- 2017 Annual Report
- 2016 Annual Report
- 2015 Annual Report
- 2014 Annual Report
- 2013 Annual Report
- 2012 Annual Report
- 9th Actuarial Review
- 2011 Annual Report
- 2009 Annual Report
- 2010 Annual Report
- 2008 Annual Report
- 2005 SSRC Report
- 8th Actuarial Review
- 7th Actuarial Review