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
 Nov 28 2015 - Turkey revised military engagement rules in 2012The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkey's rules of engagement were changed long before Tuesday’s downing of Russian aircraft when on June 22 2012Syria shot down an unarmed Turkish ...

 Nov 28 2015 - Turkey- Arrest of Turkish journalists over Syria trucks news sparks outrageThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Domestic and international press institutions and political figures have condemned the Nov. 26 arrest of daily Cumhuriyet editor-in-chief Can Dündar ...

 Nov 28 2015 - In New York a warmer reception for Syrian refugeesThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) In the wake of the terror attacks in Paris politicians and others are calling for a ban — or at least a delay — on the influx of refugees to the ...

 Nov 28 2015 - IS attacks raise odds of closer international cooperationThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) A new wave of Islamic State (IS) group terror attacks has exposed the vulnerability of countries across Europe and the Middle East forcing governments to ...

 Nov 28 2015 - UAE's international sphere inks contract with LiechtensteinMENAFN
(MENAFN) UAE based investment firm signed a business contract with the Liechtenstein Foundation for State Governance.Moreover; global sphere will organize the important approvals from African ...

 Nov 28 2015 - Saudi's National Trans and Despatch Co. gets USD 4.5mn for power projectMENAFN
(MENAFN) National Transmission and Despatch Co. Limited (NTDCL) and United Bank Limited signed a finance facility of USD 4.5mn for building a 270km transmission line.Furthermore; this investment ...

 Nov 28 2015 - Qatar fund plan gives optimism for the blindMENAFN
(MENAFN) Qatar fund plan is giving hope for millions of children suffering from blind issues, the donation worth USD 8mn.Furthermore, the joint "Qatar Creating Vision" plan will fund surgical ...

 Nov 28 2015 - Saudi- Schools to improve science educationArab News
(MENAFN - Arab News) JEDDAH: The Ministry of Education and King Abdulaziz City for Science and Technology (KACST) have signed several agreements to boost science and technology teaching at schools. ...

 Nov 28 2015 - MCI judged best e govt department in GCCArab News
(MENAFN - Arab News) RIYADH: The Ministry of Commerce and Industry (MCI) won the award for providing the Best E-Government Service among Gulf Cooperation Council countries. The award 'Best ...

 Nov 28 2015 - Saudi- Al Qaeda supporter gets 19 yearsArab News
(MENAFN - Arab News) JEDDAH: A special court has sentenced a Syrian national to 19 years in jail for supporting Al-Qaeda and other terror-related activities. The sentence includes three years for ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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