Bupa Arabia (pronounced ) is a Saudi-owned and operated publicly traded company with 800 million

Saudi riyal The Saudi riyal ( ar, ريال سعودي ') is the currency of Saudi Arabia. It is abbreviated as or SAR ''(Saudi Arabian Riyal)''. It is subdivided into 100 halalas ( ar, هللة '). The currency is pegged to the US dollar at a constant rate ...

paid-in capital Paid-in capital (also paid-up capital and contributed capital) is capital that is contributed to a corporation by investors by purchase of stock from the corporation, the primary market, not by purchase of stock in the open market from other sto ...

. Bupa Arabia provides health insurance in accordance with the requirements of the Council of Cooperative Health Insurance and the

Saudi Arabian Monetary Authority The Saudi Central Bank ( ar, البنك المركزي السعودي), previously known as the Saudi Arabian Monetary Authority (SAMA; ar, link=no, مؤسسة النقد العربي السعودي), established in 1952, is the central bank of ...

(SAMA). Bupa Arabia is an associate business of the

Bupa Bupa , legally British United Provident Association Limited, is an international health insurance and healthcare group with over 38 million customers worldwide. Bupa's origins and global headquarters are in the United Kingdom. Its main countrie ...

Group, a worldwide healthcare organization.

Background

Under insurance regulations, Bupa Arabia evolved its business from a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

to a publicly listed company offering cooperative health insurance. In 2008, Bupa Arabia offered 40% of its shares to the public in the most successful IPO ever floated for an insurance company in Saudi Arabia, and the remaining 60% were divided between BUPA Investments Overseas Co. and Nazer Group. In 2012, BUPA Investments Overseas Co. acquired Nazer Group's stake in Bupa Arabia. In 2014, BUPA Investments Overseas Co. acquired a significant stake in The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) Mediterranean & Gulf Insurance Co. which resulted in having 55% of the total shares.

Services

Bupa Corporate

Bupa Corporate is one of the main groups of products that Bupa Arabia has developed for larger businesses and corporations within the Saudi market. The product coverage is based on the basic Council of Cooperative Health Insurance (CCHI) product/policy guidelines, and customized to give a range of options. The available cover levels range from SR 500,000 to SR 37,500,000, and there is a choice of

hospital networks A hospital network is a public, non-profit or for-profit company or organization that provides two or more hospitals and other broad healthcare facilities and services. A hospital network may include hospitals in one or more regions within one o ...

. Bupa Corporate includes four main schemes: Gold, Silver, Bronze and Blue.

Bupa Business

Bupa Business is a group of products that Bupa Arabia has developed for small to medium businesses and corporations within the Saudi market. The product coverage is based on the basic Council of Cooperative Health Insurance (CCHI) product/policy guidelines, and customized to give a range of options. The available cover levels range from SR 500,000 to SR 600,000, and there is a choice of 7+ hospital networks. Bupa Business includes seven schemes: Diamond, Gold, Silver, Bronze, Blue, Green and White.

Bupa for Saudi Families

Bupa Family is designed for Saudi families who don't fall under Council of Cooperative Health Insurance (CCHI) enforcement within the Saudi market. The available cover levels range from SR 75,000 to SR 250,000. Bupa Family includes four main schemes: Gold, Silver, Bronze and Blue.

Bupa for Individuals

Bupa for individuals is designed purely for expatriates working in Saudi Arabia that are not under the sponsorship of a company or establishment. Bupa Individual includes one scheme, Basic Green. which can be purchased through the website.

Bupa for Domestic Help

Bupa Domestic is designed for domestic workers. This product is designed around the Council of Cooperative Health Insurance (CCHI) guidelines and is available in two schemes: Bronze and White.Bupa for Domestic Help

References

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External links

Bupa Arabia official websiteBupa International official websiteCouncil of Cooperative Health Insurance
Financial services companies established in 1997 Health insurance Medical and health organisations based in Saudi Arabia