Motor Insurance for Corporates

The full scope of the cover with guidelines and procedures, it is worth mentioning some of the key aspects of the scheme as follows: 

• THE SCHEME AIMS TO INCLUDE ALL EMPLOYEES THE BANK ( INCLUDING CONTRACTED STAFF) AND EXTENDED TO  THEIR FAMILY MEMBERS, PROVIDED THE EMPLOYEE HOLDS A VALID IDENTITY/STAFF NUMBER FROM  BANK. PROPOSAL FROM THE FAMILY MEMBERS NEEDS TO CHANNEL THROUGH THE  EMPLOYEES RELATED FOLLOWING THE SAME PROCEDURE FOR PREMIUM PAYMENT.

• THE EMPLOYEE MAY OPT FOR THIRD PARTY OR COMPREHENSIVE COVERS INCLUDING FREE BAHRAIN EXTENSION FOR 7 DAYS.

• THE MAXIMUM MARKET VALUE OF THE VEHICLE SHOULD NOT EXCEED SAR 500,000. HOWEVER, VEHICLES BEYOND THAT LIMIT CAN BE CONSIDERED ON CASE TO CASE BASIS ON VARYING TERMS.

• DEALER'S AND NON-DEALER'S OPTIONS ARE AVAILABLE.

• FOR THE PURPOSE OF SMOOTH OPERATIONS, ALL BUSINESS WILL BE WRITTEN IN HEAD OFFICE, HOWEVER, FOR PROMPT CLAM SETTLEMENT, NEAREST BRANCH WILL SERVICE THE CLAIMANTS. 

• THOUGH THE SCHEME REQUESTS BANK-EMPLOYEES TO CONTACT RIYADH OFFICE, FOR ANY QUERIES, THE EMPLOYEES MAY STILL CONTACT OTHER BRANCHES IN WHICH CASE EACH BRANCH WILL BRIEF THE CALLER  AND DIVERT HIM TO HEAD OFFICE.

• PROPOSAL AND CLAIM FORMS ARE ALSO PART OF PRESENTATION CIRCULATED ALL THE EMPLOYEES.

• PLEASE NOTE THAT COVERS LIKE GCC EXTENSION AND CARS BEYOND SAR 500,000 VALUE ARE UNDER CONSIDERATION AND ALL BANK-EMPLOYEES CONCERNED SHOULD BE ENCOURAGED TO SUBMIT PROPOSAL FORMS.