New international healthcare proposition
Global insurer AXA has launched a new international healthcare proposition for firms with employees based in the Kingdom of Saudi Arabia. It will allow members to use hospital networks and cashless facilities within the country when seeking medical treatment. The new proposition will be available 1 January 2019 both for multinational companies with employees on assignment in the region and locally-based businesses.
AXA said that benefits of the plan, which can be customised depending on the size of the scheme, include comprehensive cancer benefits and cover for kidney dialysis, as well as mandatory cover for life-threatening congenital conditions, pre-existing conditions and newborn cover for up to 30 days.
“As a known destination for foreign investors in the Gulf Cooperation Council region, the Kingdom of Saudi Arabia is a major hub for employees on assignments abroad. What’s more, with health insurance now mandatory for all private sector employees and over 12 million expats working in Saudi Arabia, it is a key market for us,” said Kevin Melton, Global Head of Sales and Marketing, AXA – Global Healthcare. “We wanted to offer a compliant, multi-layered product which would appeal to both global and local businesses alike. It is a competitive region, but we believe our offering will provide businesses with a level of care which suits their needs, and the needs of their employees.”
Gary Lewin, CEO of AXA Cooperative Insurance Company, Saudi Arabia, said: “We are very excited to be working with AXA – Global Healthcare to offer a proposition which will provide the mandatory CCHI cover both domestically and for those seeking treatment worldwide. This will be a seamless product offering which will allow members to utilise our hospital networks within the Kingdom of Saudi Arabia and throughout AXA’s global network.”