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KUWAIT CITY, Feb 1: The Insurance regulatory group issued a decision to regulate mechanism for issuing insurance for non graduate expats above 60 yrs of age for KD 500. The total fee for Insurance is KD 503.5 ( Documentation KD 2.5, and 1 KD for supervisory & office work
The policy covers annual total treatment costs of 10,000 dinars, and the maximum benefit for treatment and accommodation inside the hospital is 8,000 dinars, in addition to 1500 dinars for treatment in outpatient clinics, and 500 is the maximum benefit for ordinary dental treatment.
More than 20 Insurance companies are available in local market their names will be revealed after the list is approved, 8 companies are already listed on Kuwait Stock Exchange. Any health insurance policy which will be issued by companies other than approved companies to this category (non graduate expats above 60yrs) will not be considered for renewal for work permit or transfer within the private sector. The conditions for issuing health insurance is that these companies must be Kuwaiti shareholding companies licensed to carry insurance business.