BUPA Arabia For Cooperative Insurance Co. - BUPAARABIA

Activities

Bupa Arabia is a prominent medical health insurance company operating in Jeddah, Riyadh, and across Saudi Arabia. Bupa Arabia offers a variety of health insurance plans tailored to different needs: family plans, individual plans, and corporate plans. Bupa Arabia's Tebtom program ensures members have access to quality healthcare services. During the COVID-19 pandemic, they extended Tebtom to include all members and even facilitated medication delivery to over 40 cities. As a cooperative insurance company, Bupa Arabia distributes surplus funds to its members. The Board of Directors approves the distribution of the surplus from insurance operations in accordance with the Implementing Regulations issued by the Saudi Central Bank ("SAMA"), whereby the shareholders of the company are to receive 90% of the annual surplus from insurance operations and the policyholders are to receive the remaining 10%. Any deficit arising on insurance operations is transferred to the shareholders' operations in full. During the year 2023, the Insurance Authority has been established by a royal decree as the insurance regulator. Previously issued regulations by SAMA will be upheld until the Insurance Authority issued updated regulations. Therefore, the accrued income liability is payable to the Insurance Authority. Bupa Arabia hosts informative Instagram live sessions. For instance, they recently discussed osteoporosis-a bone disease characterized by reduced bone density. Accessing Bupa Arabia's services is now easier than ever. Members can download their app and manage their health insurance needs conveniently. Bupa Arabia's Rahatkom program ensures an excellent experience for members at hospitals. Bupa Arabia leverages global expertise to provide top-notch healthcare services.