It is a pleasure to announce to you our Surplus Distribution for the following years:

• 2009
• 2010
• 2011
• 2012
• 2014
• 2016
• 2019
• 2020

Eligibility Check:

• Policyholder’s claims during the surplus year should be less than 70% of the Insurance Premiums (SAMA surplus policy clause# 22)
• There should be no pending dues in favor of MedGulf on client account (SAMA surplus policy clause #33)
• In case of pending dues in favor of MedGulf, final surplus payable amount will be determined post discharging the dues in favor of MedGulf(SAMA surplus policy clause# 33)

Required Information:

• Clients would need to provide their policy & CR numbers
• Post verification of the aforementioned information, the following documents would need to be uploaded:
  a. CR/ID Numbers
  b. Official IBAN letter issued by the bank

Please consider the following in order to ensure successful validation;

1. CR/ID Numbers & IBAN information have been typed in correctly
2. - IBAN letter is on the respective bank’s official letter with the bank’s stamp
3. - Uploaded copies of CR/ID & IBAN are clearly visible

Failure to meet any one or all of the above requirements may in-validate your submitted information

Timeline:

• Post successful submission of the required documents, validation of uploaded documents would be completed in no later than 10 working days
• Once validation is finalized, due surplus amounts would be transferred to client accounts in no later than 5 working days
• In case of un-successful validation of uploaded documents, a further 05 working days would be required for the re-validation of uploaded documents