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For the 1st time in the Kingdom with 0% profit margin
In combined efforts from the private sector to support the community in their needs, Bupa Arabia, the number one insurance provider in the Kingdom of Saudi Arabia, launched today with National Commercial Bank an insurance financing programme for public sector employees (citizens and military personnel) across the nation at 0% profit margin. This program was launched as part of a signing ceremony between NCB and Bupa Arabia, where the partnership agrees that NCB releases a 12-month financing policy for family insurance programs.
The agreement was signed by Tal Nazer, CEO of Bupa Arabia and Hamed Fayez, Head of Retail Banking Group at NCB head offices in Jeddah.
Tal Nazer, CEO of Bupa Arabia expressed that, "This agreement comes in the framework of work and efforts that Bupa Arabia is exerting in collaboration with the National Commercial Bank to provide the most premium insurance coverage to Saudi families, meeting their needs to live healthier lives.This agreement is extremely innovative and the first of its king in Saud Arabia, giving the unique opportunity for potential members to simply apply for a personal insurance loan and pay it back over 12 months and at 0%."
"This agreement supports the efforts of Bupa Arabia in elevating the level of health insurance services in the Kingdom of Saudi Arabia, in line with our promise to members of being the best healthcare partner due to our extensive experience in health insurance," concluded Tal Nazer.
Hamed Fayez, Head of Retail Banking Group at NCB stated that, "The agreement confirms the leading role of NCB and our track record in serving all segments our community, meeting their needs and fulfilling their aspirations with multiple and flexible financing options, ensuring this specific case that Saudi families may apply to receive utmost healthcare services from Bupa Arabia."
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© Press Release 2015
