Bupa Arabia Munsha’at’
Bupa Arabia is an associate company between Bupa and Nazer Group, and is the largest health insurance business in Saudi Arabia, with almost a 40% market share and over 2.9m customers.
Munsha’at’ is what Bupa Arabia has called a ‘first-of-a-kind' health insurance product for small and medium-sized enterprises (SMEs) in Saudi Arabia. Three versions or programmes are available.
• Essential. This is six option budget iPMI and comprises version 1.0 (one option), 2.0 (two scheme options) and 3.0 (three options).
• Classic. This offers a wide variety of network options and includes eight scheme options between versions 1.0, 2.0, 3.0 and 4.0.
• Premium. This is the top of the range, offering ten scheme options between versions 1.0, 2.0, 3.0 and 4.0.
Most plans have a maximum annual benefit of SA% 500,000, but this can go up to SAR 1m on Premium plans.
Comment: These plans follow the now common route of an international insurer linking up with a local presence. It clearly works, as Bupa has 40% of the market in Saudi Arabia.
The plans themselves offer three main versions, each offering a range of options, so a cover/cost balance should be able to be struck by most SME employers.
Plus points: iPMI benefits for employers in Saudi Arabia; Wide range of cover options; Aimed at SMEs; The Bupa brand; Bupa is market leader in Saudi Arabia.
Not so plus points: Max annual cover is SAR 500K on most plans; Can be expensive to get the highest cover; iPMI is a specialist area.
Website: http://www.bupa.com.sa/en.
Rating (max 10): Overall: 8. Gold
Tags: iPMI/Bupa