• Brokers work on behalf of their clients and provide advice in their best interests.
• A broker will help you identify your individual/business risks to help you assess what to insure and how to manage these risks.
• Insurance brokers provide you technical advice that can be very useful when a claim is to be made.
• Brokers are well versed with the terms and conditions, policies and prices and benefits and exclusions of a wide range of competing for insurance policies, so they can help you identify the best cover for your circumstances.
The Council of Cooperative Health Insurance is the Government body in charge of overlooking the health insurance industry in collaboration with SAMA. It oversees the performance of insurance companies and supervises them so that they fulfill their responsibilities as stated in the Cooperative Health Insurance Law and its implementing regulation and standardized policy. CHI has imposed minimum health coverage to be provided by all licensed insurance companies in Saudi Arabia. Although, insurers can negotiate these terms, mostly they have to comply with them.
Insurance coverage limits is the maximum limit of insurance company’s liability as specified in the insurance policy before applying any deductions/charges. Minimum coverage is provided with Outpatient and inpatient for up to a limit of SR 1,000,000 per member with optical, maternity, dental and other additional benefits.
Definitely. The limit for dental, for instance, can be increased from the minimum set by CHI at SAR 2,000 TO a value suited to the client. Moreover, the geographical scope can also be included by providing emergency coverage outside the Kingdom. So, it all depends on the requirements of the client.
You can file an online complaint through an easy process: visit the CHI website www.cchi.gov.sa and click on the “complaint” tab. And fill in the online complaint form. The concerned CHI will register your complaint and contact you quickly.
Diamond Insurance Broker offers two types of motor insurance covers: third party liability cover and comprehensive motor insurance cover
The payment under insurance contracts is restricted by the law: you only receive amounts that are required to indemnify you for your losses. The proper application of the principle assures that people only receive an amount equal to their loss, no more no less.
Diamond Insurance Broker can help you make the claim if you have an incident, without you having to experience the hassle of making all the arrangements. Everything is done for you by us.
While an insurance company Sales person/Agent only markets and promotes the policies of his company, an insurance broker offers a more impartial overview of policies of different companies. As brokers are not aligned to a single company, they can explore a variety of products and services available in the market, and offer you comprehensive advice.