A campaign aims to enable the largest number of insurance claimants to benefit from the no-claims discount for motor insurance
SAMA instructed insurance companies for motor insurance to launch an exceptional campaign, starting from Tuesday, the first of August, and until the end of the current year 2017 AD. According to the circular, companies grant a discount for the absence of claims for a period of one year, 10-15% discount.
The Saudi Arabian Monetary Authority confirmed that the goal is to encourage safe driving and enable the largest number of insurance seekers to benefit from the no-claims deduction for vehicle insurance, and to increase the largest possible number of the insured by providing appropriate incentive rates that meet all categories of insurance applicants.
SAMA called on all citizens and residents entitled to this discount to take advantage of this exceptional campaign, which ends at the end of the current year 2017 AD, and to initiate insurance for their vehicles. In the event that none of the insurance companies responds to provide the discount, they can file a complaint with the Client Protection Department through its website Or by calling the toll-free number 8001256666.