KSA - Public Pension Agency inks MoU with Walaa ins.
Monday, 12 30 2019, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Public Pension Agency (PPA) signed a memorandum of understanding (MoU) with Walaa Cooperative Insurance Co. (Walaa Insurance) to provide some privileges to pensioners in the field of vehicle insurance, according to its statement on Thursday.
Under the preliminary deal, retirees and the related beneficiaries will enjoy a 15% discount on vehicle insurance for third-party product and comprehensive insurance product.
The MoU was signed as part of PPA’s efforts to cooperate with the private and public sectors to provide unique services for retirees and their families, in line with the PPA’s strategy 2022.