Saudi Indian Company for Co-operative Insurance (SICCI) is a joint stock company established in the Kingdom of Saudi Arabia as per Royal Decree No. M60 dated 18/09/1427H. SICCI is a joint venture between Fawaz Al Hokair Group of Companies, KSA, Life Insurance Corporation of India, The New India Assurance Company Limited, India and Life Insurance Corporation (International) B.S.C.(c), Bahrain
This policy provides cover against expensive repair bills for damaged cars, high costs of medical treatment for injuries and huge pay-outs to third parties.
Policy Details
1. Loss or damage to insured motor vehicle by
a. Accidental Damages
b. Fire
c. Explosion
d. Theft
e. Whilst in transit
f. Malicious act
b. Fire
c. Explosion
d. Theft
e. Whilst in transit
f. Malicious act
2. Liability to third party are legally indemnified against
| a. Death / bodily
injury |
SR 5 million per occurrence and in aggregate |
| b. Third Party Property Damage |
3. Towing charges (maximum of SR 300)
4. Medical Expenses to insured / occupant of the Insured Motor Vehicle upto SR 500 per person
Optional covers available on payment of additional premium
a. Personal Accident : Extendable to a maximum of SR 100,000 per person including medical expenses cover of SR 25,000
b. Hire car facility: Reimbursement of actual expenses to hire a vehicle when damaged vehicle is under repairs or after occurrence of theft pending settlement of claim by SICCI. Maximum limit of SR.2000.
c. Geographical extension: Policy can be extended to cover Egypt, Jordan, Lebanon, Syria and GCC Countries Including Bahrain
d. Extension to include driver between 18-21 years of age
e. Authorization for repairs to be carried out at agency/ dealer
b. Hire car facility: Reimbursement of actual expenses to hire a vehicle when damaged vehicle is under repairs or after occurrence of theft pending settlement of claim by SICCI. Maximum limit of SR.2000.
c. Geographical extension: Policy can be extended to cover Egypt, Jordan, Lebanon, Syria and GCC Countries Including Bahrain
d. Extension to include driver between 18-21 years of age
e. Authorization for repairs to be carried out at agency/ dealer