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:

  1. The New India Assurance Co. Ltd
  2. Life Insurance Corporation of India
  3. 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.