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For the first time in the Kingdom GOSI goes automated for the public with NCB
- Saudi Arabia: Wednesday, December 14 - 2005 at 10:42
- PRESS RELEASE
In a landmark-agreement, the General Organisation for Social Insurance (GOSI), has signed a five year agreement with the National Commercial Bank (NCB) to shift all its monthly payment operations through NCB's electronic banking channels around the Kingdom.
Mr. Abdulkareem Abu AlNasr, General Manager of NCB stated: "The five years agreement will allow all companies and individuals with monthly payments to GOSI to go directly to one of NCB's ATM's or AlAhli Phone Banking or AlAhli On-Line www.alahlionline.com and pay through these channels. The 251 branches of NCB, around the Kingdom of Saudi Arabia, are also ready to accommodate and service GOSI enlisted clients".
"GOSI plays a vital role in the stability of the Saudi society by providing social protection to the workers in the private and public sectors in order to provide a good life for them and their families after the end of employment. GOSI's futuristic insurance plans are now a corner stone for the development of the Kingdom. We are very proud today to become part of these efforts", added Abu AlNasr.
For the use of the ATM's, NCB has created an advanced system for easy installments of all types of payments for the governmental organization. The process has become as easy as paying a utility bill through the ATM. NCB also created a totally automated phone banking solution and a secured on-line portal for GOSI clients to enable them to conduct their transaction from home or office.
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The General Organization for Social Insurance (GOSI) was established to apply social insurance rules and implement its regulation, particularly, concerning achieving the lawfully social coverage, collecting contributions from employers and paying benefits to entitled insured persons or their family members. GOSI is a semi-state body that has its independent financial and administrative entity supervised by a board of directors consisting of eleven members headed by the Minister of Labour (Chairman) and GOSI Governor (Vice Chairman)Disclaimer:
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Posted by Lara Lynn Golden, News Editor
