The Saudi Central Bank (SAMA) has issued a statement on the significant differences and benefits of the travel and health insurance scheme.
According to the emergency website, Sama says that there are several important differences between the features, terms, and conditions of domestic health insurance and travel insurance.
Domestic health insurers will be able to cover travel risks while traveling in the country with the help of a travel insurance scheme to get rid of medical expenses.
Referring to the benefits of travel insurance, Sama said. The travel insurance company will pay the expenses incurred. In case of emergency or cancellation of the flight during or before the holiday.”
The company will also pay compensation for loss due to flight cancellation or interruption. However, how much and what kind of compensation will be decided. In accordance with the terms and conditions of the insurance scheme.
The statement said, “If a person gets into an accident or falls ill during the journey, his chances increase during the journey. The travel insurer will benefit.
The company will compensate for lost or stolen or lost luggage at the airport or transport facility or hotel or accommodation provider during the trip. Under these circumstances, the travel insurance provider will avoid the financial and mental burden.
The company issuing the travel insurance scheme will also cover the loss due to accidents. Will solve problems that arise during the journey. Compensation for damages to third parties.
According to Arab News, the company will pay for legal services on private accidents during the trip. It will also provide protection against problems arising in case of not knowing the language of the country concerned.