Bupa Arabia, claimed to be the number one insurance provider in Saudi Arabia, has together with National Commercial Bank (NCB) launched an insurance financing program for the public sector employees (citizens and military personnel) across the nation at zero percent profit margin.

This program was launched as part of a signing ceremony between NCB and Bupa Arabia, where the partnership agrees that the bank releases a 12-month financing policy for family insurance programs.

The agreement was signed by Tal Nazer, CEO of Bupa Arabia, and Hamed Fayez, head of retail banking group, NCB at the bank's head office in Jeddah.

Nazer said: “This agreement comes in the framework of work and efforts that Bupa Arabia is exerting in collaboration with National Commercial Bank to provide the most premium insurance coverage to Saudi families, meeting their needs to live healthier lives. This agreement is extremely innovative and the first of its kind in Saud Arabia, giving the unique opportunity for potential members to simply apply for a personal insurance loan and pay it back over 12 months and at zero percent profit margin.”

“This agreement supports the efforts of Bupa Arabia in elevating the level of health insurance services in the Kingdom, in line with our promise to members of being the best health care partner due to our extensive experience in health insurance,” Nazer added.

Hamed Fayez, head of retail banking group at NCB, stated: “The agreement confirms the leading role of the bank and our track record in serving all segments our community, meeting their needs and fulfilling their aspirations with multiple and flexible financing options, ensuring this specific case that Saudi families may apply to receive utmost health care services from Bupa Arabia.”