Newsroom

27 Dec 2018

AXA launches new global healthcare proposition in Saudi Arabia

AXA launches new global healthcare proposition in Saudi Arabia

AXA has launched a new international healthcare proposition for firms with employees based in the Kingdom of Saudi Arabia. Available from 1 January 2019 for both multinational companies with employees on assignment in the region and locally-based businesses, this new compliant proposition meets the Saudi Arabian Monetary Authority (SAMA) and Council of Cooperative Health Insurance (CCHI) regulations.

AXA’s Prestige and Prestige Plus plans have been carefully designed to meet local needs and be consistent with AXA’s other global healthcare offerings in the region, namely in Dubai and Abu Dhabi. Combining AXA Cooperative Insurance Company’s strong presence in the region and AXA – Global Healthcare’s international health insurance capabilities, the plan protects international assignees wherever they are in the world, under one globally recognised and trusted brand. When seeking local medical treatment, the proposition allows members to use hospital networks and cashless facilities within the Kingdom of Saudi Arabia, and is complemented by AXA’s full global medical network, which gives access to medical treatment when outside the region. Benefits of the plan, which can be customised depending on the size of the scheme, include comprehensive cancer benefits and cover for kidney dialysis as well as mandatory cover for life threatening congenital conditions, pre-existing conditions and new-born cover for up to 60 days.

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11 Oct 2018

Surplus Distribution

Surplus Distribution

We are pleased to inform you relating to the distribution of Policy holders’ surplus. In accordance with the Article 70 of the Implementing Regulations for insurance and reinsurance companies issued by Saudi Arabian Monetary Authority (SAMA), ten percent (10%) of the net surplus from the insurance operations should be distributed to the policyholders

The surplus for the financial year ended 31 December 2017, is payable only to the eligible customers in accordance with the eligibility criteria defined in ‘Surplus Distribution Policy’ issued by SAMA. Such surplus will be settled in the form of cheque, bank transfer, deduction from outstanding balance or discount from renewal premium. For the financial year 2017, the Company is currently completing necessary regulatory formalities and eligible customers will be notified in due course.

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11 Oct 2018

Dear ladies and gentlemen, All companies, businesses, or entities which make an annual taxable between 375,000 SAR and 1,000,000 SAR need to register for VAT by 20th December 2018. For more information and to register in your businesses, please visit VAT.GOV.SA