Invalidity grant

(1) Subject to the provisions of these Regulations, an insured person who is under the age of sixty and is an invalid in accordance with Regulation 17 but does not satisfy the conditions for invalidity pension specified in Regulation 18 shall be entitled to a lump sum payment (hereafter in these Regulations referred to as “invalidity grant”) if not less than twenty–six contributions have been paid. (2) The invalidity grant shall be an amount equal to– (a) six times the average weekly insurable earnings of the insured person for each unit of fifty contributions paid or credited; or Social Security 71 (b) two and one–half times the sum of the weekly insurable earnings of the insured person in respect of which contributions were paid or credited since the appointed day divided by the number of weeks of contribution for each unit of fifty such contributions, whichever is the greater: Provided that the amount of invalidity grant shall not be less than eight hundred dollars. (3) For the purposes of subparagraph (a) of paragraph (2), the expression “average weekly insurable earnings” has the same meaning assigned to it by Regulation 26 (2).