Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- No social insurance cover for expats during vacation  Join our daily free Newsletter

MENAFN - Arab News - 10/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The general organization of social insurance (gosi) has announced that from next year it will halt the vocational hazard insurance coverage for expatriates who leave saudi arabia for a holiday in addition to stopping the payment of subscriptions during vacations.

however expatriates will be able to avail themselves of these benefits on returning to the kingdom.

the gosi also declared an increase in the minimum subscription for occupational hazards for non-saudis and those not included in the sr400-sr800 wage bracket.

the organization through its inspectors has conducted field tours on all sectors related to the implementation of the law to make sure workers are enrolled with their actual wages while those employers who fail to register their workers' actual wages will be subjected to inquiry and fines.

sulaiman al-quwaiz governor of gosi said that the amendments were aimed at facilitating matters for its clients which were in line with using e-services and e-linkage with the relevant government entities.

the most important of these amendments is stopping the implementation of insurance coverage for vocational hazards and their subscription payments during the expatriates' temporary absence from the kingdom.

he added that the organization will continue with the implementation of this decision by notifying employers about it; the procedure will be implemented automatically without adding any extra cost to employers he said.

'the amendments include raising the minimum subscription for vocational hazards to sr800 for expatriates who meet the criteria of vocational hazards insurance. this percentage is paid by the employer and covers work injuries and vocational illnesses. employers are expected to provide health care costs until the worker is completely healed. compensations will be given to those who suffer work injury and in case of death the compensations will be paid to their families" al-quwaiz said.

he said the aim of this decision is to activate the system's goals and achieve the interest of the subscriber. he said the value of financial compensations for injury or death will be defined according to the fee registered with the organization. he said the amendment is in line with the actual wages in the labor market which witnessed a radical increase for non-saudis that exceed sr800.

he said some wages that are registered with organizations are slightly less than the actual wage and the organization will not accept any wages that are less than sr800.

he pointed out that these decisions came within a series of reviews of the executive list of social insurance to guarantee its conformity with the ground reality.

'the decision will only affect those registered with a basic salary and accommodation stipend of less than sr800. the monthly increase for each worker will be between sr1 and sr8" he said.

the decision will be implemented at the beginning of the new year.


 


Arab News




  MENA News Headlines
 Oct 21 2014 - Kuwait Stock Exchange Closes on Red NoteQatar News Agency
(MENAFN - QNA) Kuwait Stock Exchange (KSE) ended Tuesday's trading session in the red zone as weighted index read 482.16 (-2.45 points), KSX 15 index at 1,175.79 (-7.15 points) and the price index ...

 Oct 21 2014 - Qatar- Transport Minister Leaves for EgyptQatar News Agency
(MENAFN - QNA) HE Minister of Transport Jassim Saif Al Sulaiti left Doha Tuesday heading to Egypt to preside over the 27th session of the Arab transport ministers' meeting, which will be held at the ...

 Oct 21 2014 - Qatar- HH the Emir Ratifies Agreement with ArgentineQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani issued Tuesday Decree No. 44 of 2014 ratifying an agreement establishing a joint commercial ministerial committee between the government of ...

 Oct 21 2014 - Qatar- HH the Emir Meets Turkish Interior MinisterQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani met here Tuesday morning in his Emiri Diwan office with Turkish Interior Minister Avkan Alaa and his accompanying delegation on the ...

 Oct 21 2014 - Qatar- Attorney General Meets French Education MinisterQatar News Agency
(MENAFN - QNA) HE the Attorney General Dr Ali bin Fetais Al Marri met here today with French Education Minister Najat Vallaud-Belkacem. During the meeting they discussed ways to strengthen and ...

 Oct 21 2014 - Qatar- HH the Emir Ratifies Education MoU with CyprusQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani issued Tuesday Decree No. 45 of 2014 ratifying a Memorandum of Understanding in the field of education between the governments of the State ...

 Oct 21 2014 - Qatar- HH the Emir Ratifies Cooperation Agreement with MoroccoQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani issued Tuesday Decree No. 46 of 2014 ratifying a cooperation agreement between the governments of the State of Qatar and the Kingdom of ...

 Oct 21 2014 - Qatar- HH the Emir Appoints Ambassador to Azerbaijan /Local Press/Qatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani on Tuesday issued Emiri Decision No. 80 of 2014 appointing Sayar Abdulrahman Jassim Al Mauda as Ambassador Extraordinary and ...

 Oct 21 2014 - Qatar- Real Estate Transactions Worth over QR655 Million Last WeekQatar News Agency
(MENAFN - QNA) Real estate transactions between October 12 and 16 for the real estate sales contracts registered at the Ministry of justice are worth QR655,303,640, the real estate registration ...

 Oct 21 2014 - Qatar- Plastic, Printing and Packaging Expo Opens SundayQatar News Agency
(MENAFN - QNA) Qatar Plastic, Printing and Packaging (QPPP) exhibition opens at the Qatar National Convention Centre (QNCC) October 26. The three-day expo will showcase manufacturing processes, ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help