Group Medical Insurance Policy 2026
- Value
- 4,380,000Before amendments:4,161,000
- Term
- 1 year2026-01-01 – 2026-12-311447-07-12 – 1448-07-22 AH
- Owner
- Hessa Al-ShammariHR Manager
- Signature & renewal
- Advanced via NafathRenews on approval60 days’ notice
- Draft2025-11-10
- Review2025-11-14
- Approval2025-11-14
- Signing2025-12-12
- Active2026-01-01
- Expiring2026-10-02
- Renew or end
Term elapsed 79% · ends in 78 days
Next step
A renewal decision is due
Notice deadline 1 November 2026. Choose renew, renegotiate or terminate — with a reason.
- Submit the quarterly SLA report2026-11-04
- Review and accept the report within 10 days2026-10-08
- Monthly service governance meeting2026-10-20
No open tasks
Waqqa AI assistant
Executive summary
A group medical policy with Tawuniya covering 1,140 employees and their dependants across the three group companies for 2026, at a total premium of SAR 4,380,000 in 4 quarterly instalments. The policy ends on 31 December 2026, and claims data shows an 87% loss ratio that may lift the renewal premium by about 12%.
Summarised from 12 pages — check the source before relying on it.
Automated suggestion — a human makes the final call
Key terms
Extracted by the AI from the text — each value linked to its clause
- CounterpartyThe Company for Cooperative Insurance (Tawuniya)
- Total valueSAR 4,380,000 excl. VAT
- Term1 year: 1 January 2026 to 31 December 2026
- Payment termsQuarterly instalments, net 30 from invoice, tied to the SLA report
- Liability capCapped at 12 months of fees
- Renewal & noticeRenews by written agreement, with 60 days' notice before the end
- Governing law & disputesSaudi law — Commercial Courts, Riyadh
Risks
Liability cap below our usual position
Our playbook asks for 24 months of fees; the text says 12.
LowPersonal data protection
The contract does not state where data is hosted — PDPL requires processing inside the Kingdom.
Low
Key dates
Draft created
2025-11-1019 Jumada I 1447 AH338 days ago
Fully signed
2025-12-1524 Jumada II 1447 AH303 days ago
Effective date
2026-01-0112 Rajab 1447 AH286 days ago
- Next up
Next payment — Quarterly instalment 3
2026-10-3019 Jumada I 1448 AHin 16 days
Notice deadline
2026-11-0121 Jumada I 1448 AHin 18 days
End date
2026-12-3122 Rajab 1448 AHin 78 days
Bank guarantee expiry
2027-03-3123 Shawwal 1448 AHin 168 days
Related
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