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 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.