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Bupa Arabia for Cooperative Insurance Co. Announces the Final Approval of SAMA on a Product
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BUPA ARABIA
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1444/08/15 07/03/2023 08:32:01
| Element List | Explanation |
|---|---|
| Introduction | Bupa Arabia for Cooperative Insurance Company announces that it has received the final approval from the Saudi Central Bank “SAMA” to sell its new insurance product “Bupa Premium Residency” in the Kingdom of Saudi Arabia under the registration number (P-BUPA-2-I-23-010). |
| Element List | Explanation |
|---|---|
| Date of Receiving the Approval | 2023-03-06 Corresponding to 1444-08-14 |
| Letter Date | 2023-03-06 Corresponding to 1444-08-14 |
| Approved Product\ Products | Bupa Premium Residency |
| Element List | Explanation |
|---|---|
| Additional Information | The new product "Bupa Premium Residency" health insurance product. Bupa Premium Residency product provides premium health insurance coverage to the holders of premium residency and their dependents with an access to Bupa Arabia’s best network of health insurance providers and table of benefits along with Bupa Arabia value added services (Tebtom & Rahatkom) to accommodate for premium residents' health requirements and needs. This product aims to grow Bupa Arabia’s individual business portfolio and enhances the premium residents experience in light with Vision 2030. This new product is expected to have a positive impact on Bupa Arabia's 2023 financial results. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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