The Jamaica Deposit Insurance Corporation (JDIC)
Address: 30 Grenada Crescent, Kingston 5, Jamaica, W.I.
Email: jdic@jdic.org
Website: www.jdic.org
Insurance in Jamaica contact number and location
JDIC 25th logo Download
Cheers to 25 Years of Protecting Your Deposits! 🏦💰🎉
Today marks 25 years since the Jamaica Deposit Insurance (JDIC) was established to protect the hard-earned deposits of Jamaicans, in the event of a bank failure.
As we reflect on our journey, we take pride in our significant milestones and our contributions to bolstering the resilience of the Jamaican financial landscape.🥂🎉
Stay tuned for all our 25th Anniversary highlights and events @jdicjam on all social media platforms.
| 876-968-8382/7398 | |
| Fax: | |
| 876-920-9393 | |
| 876-920-8623 | |
| Toll Free From Jamaica: | 1-888-991-5342 |
| United States & Canada: | 1-877-801-6793 |
| United Kingdom: | 1-800-917-6601 |
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Description:
The Jamaica Deposit Insurance Corporation (JDIC) was created by the Government of Jamaica to protect depositors and promote stability and confidence in Jamaica’s financial system.
Emerging at an important juncture in the development of the country’s financial system, it became the latest plank in strengthening the sector’s regulatory framework at its establishment on August 31, 1998.
As a statutory body, the Corporation reports to Parliament through the Minister of Finance, Planning and the Public Service and shall furnish to the Minister such operating plans and forecast, returns, accounts and other information as the Minister may require with respect to the operations of the Corporation.
The Corporation’s primary objective is to establish and manage a Deposit Insurance Scheme to protect depositors from loss, up to a specified limit. Its main goals are to:
- Provide the highest level of coverage possible to small depositors.
- Restore and maintain confidence in deposit-taking institutions and by extension contribute to the stability and confidence in the nation’s financial sector.
- Provide a clearly defined system for dealing with problems which may arise in insured financial institutions.
through the preceding objectives, to contain contagious runs on financial institutions in the event of a failure of a Policyholder(s).
Vision
To promote and inspire financial system confidence and stability.
Mission Statement:
The Jamaica Deposit Insurance Corporation is committed to:
- Providing insurance against the loss of depositors’ funds
- Minimising the Corporation’s exposure to loss
- Contributing to the stability and confidence in Jamaica’s financial system
through sound management of the Deposit Insurance Fund in an environment which fosters and encourages professionalism and excellence and allows employees to realise their full potential.