Quotes: 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
 May 25 2015 - Syria: Opposition forces kill 15 Assad regime soldiersThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Syrian opposition forces have killed 15 regime troops in operations in Aleppo, in northern Syria, the opposition said.The spokesman of what is referred to as ...

 May 25 2015 - Jordan calls for 'serious' Palestinian-Israeli talksThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Jordan called on Sunday for launching "serious" and "effective" negotiations between the Palestinians and the Israelis.Foreign Minister Nasser Judeh said the ...

 May 25 2015 - Libya pro-Brotherhood figures to attend Cairo meetingThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Some pro-Muslim Brotherhood figures from Libya will attend a Libyan tribal leaders' meeting scheduled to start in Cairo on Monday, an Egyptian newspaper ...

 May 25 2015 - Kuwaiti Singer Al-Rowaished HonoredArab Times
(MENAFN - Arab Times) Minister of Information and Minister of State for Youth Affairs Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah honored Sunday singer Abdullah Al- Rowaished for acquiring an ...

 May 25 2015 - General Assembly Members Of Qadisiya Club Honors Team For Winning Amir CupArab Times
(MENAFN - Arab Times) General Assembly members of Qadisiya Club Saoud Abdul Aziz Al-Babtain and Mohammad Abdul Aziz Al-Babtain organized a ceremony in honor of the number one football team in ...

 May 25 2015 - ALARGAN Posts KD 4.7mn Net Profit In 2014Arab Times
(MENAFN - Arab Times) ALARGAN International Real Estate Company held its ordinary General Assembly meeting on May 24, 2015, with an attendance level that reached 94.51 %. During the meeting, the ...

 May 25 2015 - KSE Kicks Off Week With 21.18 Pts DropArab Times
(MENAFN - Arab Times) Kuwait stocks pulled lower on Sunday after ending the previous week on dull note. The main index dropped 21.18 pts in lackluster trade to close at 631.09 pts as sentiment ...

 May 25 2015 - Kuwait Govt Woos Investors With Lucrative Business EnvironmentArab Times
(MENAFN - Arab Times) Kuwait has a lucrative business environment for foreign investors to ultimately see economic and human development, thus honoring His Highness the Amir Sheikh Sabah Al-Ahmad ...

 May 25 2015 - Jordan- Govts Need To Invest More In Infrastructure: AlghanimArab Times
(MENAFN - Arab Times) Bring more Arab women into the workforce, invest in "bite-sized" infrastructure projects and get the private sector more involved in training young job seekers - these are the ...

 May 25 2015 - Shabaab Fighting In Somalia Kills 24 PeopleArab Times
(MENAFN - Arab Times) Fighting in south Somalia between al Shabaab militants and government forces killed at least 24 people, while a rebel attack in the capital killed three Transport Ministry ...

more...


 






Google

Click to Apply

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help