kuwait

Kuwait: Amendments to the Insurance Law are in the interest of the citizen

Submitted by siha on Wed, 06/24/2020 - 16:29

Social Insurance Institution (21.06.2020) In context of the improvement in life rates in Kuwait and the decrease in death rates due to the development of health care, the Kuwaiti National Assembly approved a draft law amending some provisions of the Social Insurance Law related to the replacement system, whereby the tables of the replacement value were modified so that the insured and the pensioners could obtain higher replacement values ​​than before.

 

 

Regions / Country
kuwait
Topics
Old-age pensions
Actuarial
Service quality
Document Type

Kuwait: Implementing the decision to postpone the payment of contribution

Submitted by siha on Wed, 06/24/2020 - 15:36

Social Insurance Institution (19.04.2020) The General Organization for Social Insurance announced that it has implemented the decision to postpone some of the amounts due according to the Social Insurance Law for a period of six months from 1 April 2020. The amounts of the deferred contributions will be paid on 24 months starting from October 2020.

Regions / Country
kuwait
Global challenges
Topics
Old-age pensions
Contribution collection and compliance
Shocks & extreme events
Document Type