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System for the
Omani Employees working abroad and alike:
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The monthly
contributions to be paid is computed @ 16% of the presumed
monthly income schedule.
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Payment of
monthly contributions starts from the first day of the month set
for the commencement of joining the insurance scheme.
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The insured
may pay the prescribed contributions in advance quarterly,
half-yearly or annually at his/her discretion.
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If payment
of contributions is delayed beyond the permitted period (From
the first day of the joining month till the first fifteen days
of the next month) additional amounts @ 13.5% of the income
amount would be charged.
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If the
insured wishes to suspend payment of contributions on temporary
or permanent basis, he/she should fill in the designated form
and send it to the Authority.
If the insured wishes to resume contributions, he/she should
fill in the registration resumption form, and the contributions
starts immediately from the date of the resumption request.
Notes:
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The insured
should set out the presumed monthly income (in line with his
total income) on which basis the monthly contributions are paid.
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The request
for amendment of the monthly income would be entertained with
effect from 1st January subsequent to the submission date of the
request.
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The insured
is allowed to increase or decrease the monthly income category
within 5% per annum. The monthly income should be not less than
(RO.200/-) per month and not more than RO.800/- per month for
first registration.
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Utilization
of the provisions of this law by the insured would cease in case
of existence of one or more reasons for non-subjection to this
law or if payment of contributions is suspended for six
consecutive months.
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