Bahrain – Unified motor policy and claims rules soon
Tuesday, 03 08 2016, Category: Insurance and Reinsurance, Country: Bahrain
The President of the Bahrain Insurance Association Mr. Yahya Noureddine said that Bahraini insurance companies are about to launch a unified motor “comprehensive insurance policy” as far as provisions and price rates are concerned throughout Bahrain. He clarified that the new proposed policy will include a minimum coverage level, indicating that this proposal was largely welcomed by insurance companies.
The President of the Association told “Al Ayam” newspaper that “all insurance companies are currently offering the comprehensive insurance policy but coverage differs from one company to another as well as the price of the contract. Therefore, the citizen is often unable to differentiate between one policy and another especially the limits and liability. As a result, a unified comprehensive insurance policy throughout the different companies helps the citizen compare the offers of the different companies.
Source: Al Ayam Newspaper