Saudi Arabia – 15% discount for safe drivers
Tuesday, 08 01 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The implementation of the instructions of the Saudi Arabian Monetary Authority will start today. An exceptional motor insurance campaign starts on Tuesday August 1st until the end of the current year 2017 in order to grant discounts of 10% to 15% in case the driver did not submit any claim. This discount will be granted to all insurance applicants including for comprehensive and compulsory insurance in case they did not cause an accident in the calendar year preceding the date of the application.
Moreover, the Saudi Arabian Monetary Authority confirmed that the objective is to encourage safe driving and enable the largest number of insurance applicants to obtain the discount in case they did not cause accidents. This initiative will also increase the number of insureds by offering attractive prices for all insurance applicants.
Source: Al Eqtisadiah