RIYADH: To minimize car accidents, insurance companies have been ordered to keep offering safe drivers a discount of up to 15 percent for another six months, ending on June 30, 2018.
The discount will be offered to all comprehensive and compulsory insurance claimers who have not been in any car accidents for the past year, and those who were not qualified for the discount previously for the following reasons: they owned newer car models, they did not have an insurance policy or because their previous insurance policy expired a month before and was not renewed.
The Saudi Arabian Monetary Authority (SAMA), which instructed auto insurance companies to give the discount, had previously ordered a similar directive for a discount ranging between 10 and 15 percent for all accident-free drivers, from August till the end of December 2017. This aimed to encourage accident-free drivers to continue driving safely.
SAMA and the General Department of Traffic called on everyone to benefit from the offer and insure their vehicles. According to SAMA, if clients do not receive the discount they can raise their complaints with the Consumer Protection Department on its official website, or by calling the department’s toll-free number.
15% insurance discount for safe drivers in Saudi Arabia
15% insurance discount for safe drivers in Saudi Arabia
Prince Faisal takes part in Munich Security Conference panel on global order
- Discussion focused on effectiveness of multilateral institutions amid rising geopolitical tensions, security challenges, and global economic crises
MUNICH: Saudi Arabia’s Minister of Foreign Affairs took part in a panel discussion at the Munich Security Conference on Friday titled “The Turning Point: The International Order Between Reform and Collapse,” the Saudi Press Agency reported.
Alongside Prince Faisal bin Farhan, the session brought together senior international officials, including Colombia’s Minister of Defense Pedro Arnulfo Sanchez, the US Permanent Representative to the United Nations Michael Waltz, and the European Union’s foreign affairs chief and Vice-President of the European Commission Kaja Kallas.
Their discussions focused on transformations in the international system and the effectiveness of multilateral institutions amid rising geopolitical tensions, security challenges, and global economic crises.
Panelists also underlined the importance of reforming the international system through the modernization of its mechanisms to help achieve greater justice and equality among nations, SPA added.
