About us
Company Profile
Saudi Indian Company for Cooperative Insurance (Wafa Insurance) is a Saudi joint stock Company in accordance with Royal Decree No. (M/60) dated 18/09/1427H (corresponding to 11/10/2006G) and incorporated on 24/07/1428H (corresponding to 07/08/2007G) ، promoted by:
- The New India Assurance Co. Ltd
- Life Insurance Corporation of India
- LIC International (Bahrain)
Wafa Insurance is a composite Insurance company, which provides General Insurance, Health Insurance and Protection & Savings products.
Products
Wafa insurance company has a number of competitive qualities, which include financial strength, credibility and a good reputation. We have professional human resources, the electronic environment, and a clear aim and strategy, as well as products that meet the customer’s expectations.
We offer a large range of plans Products :
- Property, Accident and Liability Insurance:
- Fire
- Property Damage
- Business Interruption
- Personal Accident
- Fidelity Insurance
- Money Insurance ( Cash-in-safe & Cash-in-Transit)
- Theft and Burglary
- Comprehensive General Liability
- Workmen’s Compensation
- Medical Malpractice
- Medical Insurance
- Motor Insurance
- Comprehensive
- Third Party
- Marine Cargo Insurance
- Engineering Insurance
- Machinery Breakdown
- Contractor’s All Risks
- Contractor’s Plant & Machinery
- Erection All Risks
- Electronics Equipment’s
- Medical Insurance
- Individual Protection & Saving Products
- Protection “ Hemaya “ Plan for individual and Group
Branches
- Corporate Office - Riyadh
- Riyadh Branch
- Al Khobar Branch
- Jeddah Branch
Reinsurers
Our panel of Reinsurers is classified as top international Securities in the Reinsurance world. Our Reinsurance panel consists of the following:
- Hannover Life Re - Paris
- Swiss Re - Switzerland
- Trust Re - Bahrain
- New India Assurance - India
- GIC Re - Dubai
- Saudi Re - Kingdom of Saudi Arabia
We shall strive to provide you with a comprehensive range of quality products and services.