It follows the decision to allow citizens to leave the Kingdom from May 17.
It said that the Saudi Central Bank (SAMA) had approved the product to be sold through Tawuniya with the participation of some Saudi insurers.
The new policy coincides with the lifting of travel restrictions on citizens who have received two doses of the COVID-19 vaccine or one shot in cases where they have been vaccinated 14 days before departure as detailed by the Tawakkalna app.
Citizens who have recovered from the COVID-19 pandemic within the last six months will be also allowed to travel abroad.
Those under 18 will be required to provide an insurance policy approved by SAMA.
They will need to stay in home quarantine for seven days after returning to the Kingdom and take a PCR test at the end of that period. Passengers under eight years old will be exempt from that test.
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