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Full coverage· Security· Updated

Israel's Capital Markets Authority Proposes Overhaul of Long-Term Care Insurance

Israel's Capital Markets Authority is proposing to transform long-term care insurance from a failing intergenerational model into a personal savings product. This reform aims to ensure future benefits by allowing individuals to accumulate funds through investment, addressing the current system's financial crisis.

5 newsrooms · 1 language · since

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Israel's Capital Markets Authority Proposes Overhaul of Long-Term Care Insurance
Illustration by baba

What happened

  1. 01Long-term care insurance in Israel is undergoing a proposed overhaul by the Capital Markets Authority.
  2. 02The current system's intergenerational model is failing due to demographic shifts and rising claims.
  3. 03The proposed reform converts long-term care insurance into a personal savings and investment product.
  4. 04New measures include stricter eligibility criteria and reduced benefits for existing policyholders.
  5. 05The reform aims to secure future long-term care benefits through personal accumulation and investment.
Translated and summarized by baba from Globes, the latest report. Read Globes’s original

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