Motor insurance: Tawuniya to launch installment payment service

In partnership with FinTech Tamara, the Saudi insurer Tawuniya is introducing an option allowing policyholders to pay for their motor insurance policies in installments.

This new service allows policyholders to pay their annual premium online and in six monthly installments without interest and additional fees.

The solution is available upon the underwriting or renewal of any motor insurance policy insured for a maximum amount of 10 000 SAR (2 662 USD).