Receiving a one-time payment for work disability benefit in lieu of a monthly payment

The simulator is designed for an Israeli residentA person whose life is centered in Israel. Criteria for determining this include: Israel is your permanent place of residence, where your family resides, where your children go to school, your primary place of work, or where you are studying. , entitled to a work injury benefit, which is interested in receiving a one-time cash benefit instead of a monthly allowance, and provide he or she meets the following conditions:

• He was granted a permanent disability degree of at least 20%
• He has less than 5 years left up to retirement ageThe age at which you will be entitled to the old-age pension, on condition that your income from work and from other sources does not exceed a certain amount. Income from work pension is not taken into account. Retirement is set at age 67 for men and 62-65, according to birth date, for women.
• To the National Insurance Institute's knowledge, he or she does not have any fixed income sufficient to meet his needs.