National Insurance Scheme Grenada
Moving Ahead Responsibly to Secure Our Tomorrow
Benefits
Maternity Benefit
This benefit is payable to insured women before or after confinement or to a husband…
Employment Injury Benefit
Employment Injury Benefit is paid to insured persons (including the self-employed) who are in…
Funeral Grant
Funeral Grant is a one-time payment intended to assist with the funeral expenses of:…
Age Benefit
Age Benefit is a payment made to an insured person who has attained the…
Invalidity Benefit
Invalidity Benefit is paid to a person who has exhausted his or her entitlement…
Survivors Benefit
Survivors Benefit is paid to the widow/widower, children and a dependant parent of an…
Sickness Benefit
Sickness Benefit is designed to supplement wages lost by an insured person who is…
Contributors
All employed and self-employed persons in Grenada are mandated by the National Insurance laws to register and pay contributions. In this section the contributors are broken down into four sections: Self-employed, Voluntary, Employee and Employer.
Employer
An employer is a person or corporate body with whom an employee has entered into a contract of service or apprenticeship expressed or implied whereby such a person or corporate body is liable to pay salary, wages or other remuneration for services performed by the employee.
Employee
All Employees are required to register with the NIS and pay contributions. To register an employee must submit his or her certified birth certificate, a valid picture ID and all other relevant supporting documents where necessary (marriage certificate, deed poll, proof of citizenship, etc.). All employees should present their NIS card to their employer upon commencement of employment.
Voluntary
A voluntary contributor is someone who is between ages 16 and 65, and while not employed or self-employed, wish to continue to have contributions paid on their behalf.
Self Employed
All self-employed persons are required by law to be registered with the NIS and to pay contributions. The contributions rate for a self-employed person is 12.5% of gross earnings. Self-employed persons over the age of 65 are required to pay 1% of gross earnings for employment injury benefit. The maximum earnings on which contributions are payable is $5,200.00 per month
Effective July 1, 2023, new Self-employed regulations were introduced. Under these regulations, Self-employed persons can:
Choose to pay monthly or in lump sums annually.
- Pay any amount between $840 and $7,950 annually to qualify for all NIS benefits (including Sickness, Maternity, Unemployment and Employment Injury Benefits).
- To qualify for benefits the following year you it is mandatory to contribute in the current year (must contribute in 2024 to qualify for benefits in 2025).
- Enjoy the advantage of no penalties and interest for late payments.
- Make self-employed payments even when employed elsewhere. (provided that contribution payments amount to no more than $7,950 a year).
About nis
The National Insurance Scheme pays eighteen (19) benefits in three categories: long-term, short-term and employment injury. The long-term benefits are: Age, Invalidity and Survivors (Spouse, Child, Dependent Parent). The short-term benefits are: Sickness, Unemployment, Maternity (Allowance/Grant), Funeral (Insured, Spouse, Child) and Employment Injury. The employment injury benefits are: Injury, Medical Expenses, Disablement, Constant Attendance and Death Benefit (Spouse, Child, Dependent Parent, Other Dependents).
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