KUWAIT PAID 384 MILLION DINARS IN INSURANCE COMPENSATION LAST YEAR

  • 06/06/2022

Kuwait City: An estimated 384 million dinars in insurance compensation was paid to citizens and residents last year. The number of insurance policies in the country was about 1.404 million. This means that the average value of insurance paid by each person in the country who has taken the premium is about 273 dinars. The total compensation paid to the insured in a car accident last year was more than 57 million dinars. It paid about 959.4 thousand insurance policy holders.


There were a total of 18,381 such life insurance policies in 2021, including 6,617 group life insurance policies and 11,764 individual life insurance policies. Life insurance paid about 47 million dinars last year. Health insurance accounts for about 59% of the compensation paid to insured people in the country. About 5,481 health insurance policyholders will receive 226.3 million dinars in compensation in 2021.

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