In line with the decision issued by the Director-General of Manpower, Ahmed Al-Mousa to allow the renewal or transfer of the work permits of non-graduate expatriates who are 60 years and above within the private sector for a year for a 250 dinars fee, sources said the insurance companies union will hold a meeting over the next two days with the Public Authority for Manpower to work out the modalities of the automated link between the insurance companies listed on the Kuwait Stock Exchange and PAM to issue health insurance policies for this category of expatriates.
Al-Anba quoting health sources said the insurance fee is set at 500 dinars per person, with insurance cover of up to 10,000 dinars annually.
The sources said the insurance services that will be provided to the ‘sixty’ expatriates will be limited exclusively to private sector hospitals only, which are covered by the insurance policy according to specific conditions and according to the insurance company that issues the document according to the medical services network, noting that in the event of critical cases, treatment is not available in a particular hospital. The company issuing the insurance policy will transfer it to other health institutions that provide this service inside Kuwait.
The sources stated that the technical and actuarial determinants and the risk factors surrounding that age group for insured expatriates make it impossible for the policy price to drop below 500 dinars per person, so the insurance federation stressed that the documents may not be issued except through 8 insurance companies listed on the stock exchange.
