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Insurance coverage in Saudi Arabia

Hello everyone,

Moving abroad requires adequate insurance coverage.

What type of insurance expatriates need the most in Saudi Arabia: health, house or liability insurance? All of them? Do they come as a package?

Are there other insurance options to consider like critical illness, damage or property insurance?

Is it better to purchase insurance from an expat insurance specialist or from a local insurance provider?

And what about insurance costs?

Tell us about your experience in Saudi Arabia.

Thanks!

Kenjee

Insurance sector is much organized here in KSA as compared to other places. I'll explain:

- Health Insurance is mandatory for expats having residential permits (Iqamas). Either the employer has to arrange it for employee and his family; or he has to buy it himself. If not insured, residential permits can't be renewed.
For visitors, it's not mandatory yet, but it will be...soon, probably in a couple of months.

- Vehicle Insurance is also mandatory to renew vehicle registration (Istamarahs). As renewal is done every 3 years, some people just get it at the time of renewal. A TPL (third party liability) is needed for any government related tasks like buying, selling or renewing registrations.

- Property insurance isn't popular in expats as usually they don't own properties.

- Medical malpractice insurance coverage is mandatory for doctors in order to renew their registration with Ministry of Health.

There are 33 operational companies in KSA registered with Tadawul (Saudi bourse or stock market). It's a huge number for a 29 million population.

Expat insurance specialist and local insurance provider are all in the 33 companies I mentioned above, BUPA and MedGulf (for instance) are international specialists.

I agree above information and also 1- Bupa 2- medgulf

TheLegendLeads :

Insurance sector is much organized here in KSA as compared to other places. I'll explain:

- Health Insurance is mandatory for expats having residential permits (Iqamas). Either the employer has to arrange it for employee and his family; or he has to buy it himself. If not insured, residential permits can't be renewed.
For visitors, it's not mandatory yet, but it will be...soon, probably in a couple of months.

- Vehicle Insurance is also mandatory to renew vehicle registration (Istamarahs). As renewal is done every 3 years, some people just get it at the time of renewal. A TPL (third party liability) is needed for any government related tasks like buying, selling or renewing registrations.

- Property insurance isn't popular in expats as usually they don't own properties.

- Medical malpractice insurance coverage is mandatory for doctors in order to renew their registration with Ministry of Health.

There are 33 operational companies in KSA registered with Tadawul (Saudi bourse or stock market). It's a huge number for a 29 million population.

Expat insurance specialist and local insurance provider are all in the 33 companies I mentioned above, BUPA and MedGulf (for instance) are international specialists.

Dude, organized? Bupa and MedGulf are worst, I had accident twice with MedGulf and it would've been better off I fixed it myself, health sector is somewhat better.

There is standard insurance document handed over or attached to your doc, we have never gone through that.

sorry for that.

take care
Khalid

:) Seems you have overlooked my post buddy.
I said "insurance sector is organized" ---> I was talking about its orientation; not the quality of service.

TheLegendLeads :

:) Seems you have overlooked my post buddy.
I said "insurance sector is organized" ---> I was talking about its orientation; not the quality of service.

yep

I was interested in the top and bottom ... ignored the middle...have no interest in those ;)

It depends on the company you are working with! For me ihve been changing insurances! Sometimes Tawuniya,Bupa and others. Am currently underTawuniya. Ihave never had any issues with my policy class.

AXA for car (with blood money coverage of 3) and all occupants.

Try with AXA

All of them are bad, best available AXA for cars & Bupa for health.

^ that's me.  guess I'm doing ok.  :)

Yes  I do agree and with the Insurance coverage for the expats.

So, how much did you guys paid for your motor insurance? I recently renewed my TAWUNIYA motor insurance for SUV, and surprisingly shockingly 300% fees has been raised, I mean I paid 550 SAr last time and now I paid 1700-SAR for motor insurance and even I had no Accident history and never claimed anything, Anybody else suffering with same-thing?
Well, for health insurance, Bupa is number one, I had very good experiences with Bupa, I am having A good class Bupa less than a step of VIP I think, while baby delivery somethings are never covered under insurance like EPIDURAL , but My insurance covered that too, costing you around 2000 SAR, so for me BUPA is good, however I had other insurance it made me cry many times, need approvals for small tests and etc, waited 4-5 hours for a single approval.

^^ Insurance here is not determined based on your driving/accident history, it's based on the car and what the general prices are set by authority and history of claims by individuals.

There is another thread discussing this, so it's advisable to get the one which has the best policy of coverage.

hamudi :

^^ Insurance here is not determined based on your driving/accident history, it's based on the car and what the general prices are set by authority and history of claims by individuals.
.

Not exactly. Four companies in the market offer pricing based on your history. I'm sure about two : Tawuniya and AlRajhi Takaful. They call is NCB (No-Claims Bonus). Tawuniya for example: When you renew your policy and there has not been any claims raised by you in the past year, you get 5% discount.

Najm has recently opened their data access to everyone. Anyone can (electronically) query their database and see how many accidents you have made in the history,

UmairMansoor :

So, how much did you guys paid for your motor insurance? I recently renewed my TAWUNIYA motor insurance for SUV, and surprisingly shockingly 300% fees has been raised, I mean I paid 550 SAr last time and now I paid 1700-SAR for motor insurance and even I had no Accident history and never claimed anything,

The premium prices have been on steep hikes in the past period. See the overall number of accidents people make that insurance companies have to cover losses for.

Have a look at the news today: http://saudigazette.com.sa/saudi-arabia … e-premium/

I agree BUPA are the worst. I had a dislocation of my hip and was left on a trolley for 12 hours while my Husband pleaded with BUPA to cover the emergency. They would not pay and cited "that they do not cover transplants" I have now come home for treatment but it looks doubtful if I will be able to rejoin my husband. We have started a complaint with BUPA but they have not even acknowledged it. We have also taken it to CCHI (Central Council of Health Insurers) that oversee the Insurance companies in KSA.

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