National Insurance Fund (Israel)

National Insurance Fund (המוסד לביטוח לאומי, HaMossad LeVituach Leumi)

The National Insurance Institute is responsible for the social security of the residents of Israel, and therefore guarantees basic subsistence to those unable to provide for themselves. The National Insurance Institute pays benefits to those eligible thus assisting people at times of personal crisis such as work termination, disability and work injury. Through the benefit payments the NII transfers income from financially well-off groups to groups that are weak or vulnerable, there by contributing to a more just distribution of national income and to the reduction of poverty in Israel.