Insurance surplus from last year amounts to JD556m — SSC

AMMAN — The Social Security Corporation (SSC) on Tuesday said that the insurance surplus from last year amounted to JD556 million, while the corporation expects the insurance surplus from the current year to reach JD610 million, the Jordan News Agency, Petra, reported. 

SSC Spokesperson Musa Subaihi said that the corporation has developed a “strategic plan” for the years 2017-2019 to enhance the “sustainability” of its insurance system, and the “comprehensiveness” of its insurance coverage. 

The plan also examines the implementation of health insurance, which aims to include subscribers and retirees with their uninsured families, he added. 

Subaihi noted that the corporation has 1,239,000 active subscribers, making up 73 per cent of the total number of workers.

The total number of retirees stands at 201,000, including 94,000 on early retirement and 5,541 non-Jordanian retirees.

He pointed out that insurance evasion and not including workers in any social security programme has “serious and negative” repercussions for society and increases poverty rates in the Kingdom, adding that there are employees in government institutions who are not subscribed to the SSC. 

Subaihi noted that, since the beginning of 2015, 11,088 employers have been registered with the corporation, out of a total of around 240,000, which does not exceed 5 per cent of the number targeted by the SSC.

The SSC is planning to increase the number of subscribers through awareness raising campaigns, he said.