Islamic Finance

Saudi COVID-19 travel insurance approved as EU moves closer to opening


Published 03 May,2021 via Arab News - Economy - Tawuniya said it had received final approval for an insurance product for Saudis traveling overseas that covers COVID-19 risks.

It follows the decision to allow citizens to leave the Kingdom from May 17 and it comes as the European Union's executive recommended on Monday that vaccinated foreign citizens and those coming from low risk countries be allowed to travel into the bloc without additional restrictions. The EU currently allows citizens of seven countries to come on holidays.

Tawuniya said on Monday that the Saudi Central Bank (SAMA) had approved a travel insurance product with the participation of some Saudi insurers.

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