The difference between PASI and another insurance company either inside Oman or outside Oman

           The Public Authority for Social Insurance or PASI is the solitary social insurance institute in Oman which covers up all Omanis who work in the private segment. The social insurance law issuance was a measure of the government's inventiveness to branch out the economy and also inspired the young generations in Oman to make their careers within the private segment. The role of PASI has been sturdy during the course of the preceding years and can easily be seen commencing the expansion of the number of employees along with the employers, who are protected by the improvement of benefits. PASI also has modified the social insurance scheme as well. In the benefits part, the benefits level provided by PASI witnessed a fantastic growth if compared with other insurance company in Oman. That consist of growing the accumulation aspect in the formulation designed for estimating pensions, and similarly, a minimum pension was announced, and then augmented as a minimum three times to touch an existing level of . Further benefits were also enriched in the entire divisions of social insurance provided by PASI.

        From here, we can take the conclusion that the Public Authority for Social Insurance has a different purpose with other insurance company in Oman. PASI has the purpose of giving more benefits for the Omanis and can be said that PASI has always been in the employees’ side. On the other hand, some other insurance companies might not in either employees or employers’ side. The reason is obvious; the insurance companies are the companies who aim to get profits in the business, as all of the companies are. Therefore, they will always pay attention to benefit their own companies rather than their clients. Hence, even though these insurance companies might provide interesting insurance packages for their clients, but still, the insurance companies will establish some intricate procedures for the clients to get their insurance, since the top priority is to get the profits for the company, not for the clients (globallegalinsights.com, n.d.).