GIG to insure credit cards owned by National Bank of Egypt customers

Egypt’s Arab Misr Insurance Group – GIG has won the credit card insurance policy bid launched by the National Bank of Egypt, the country’s biggest state lender.

GIG will provide insurance coverage for credit cards owned by NBE’s clients, Makeen Lotfy – Business & Products Development General Manager at GIG – told Amwal Al Ghad on Wednesday.

The policy is to cover all financial risks against any potential misuse of the insured’s lost or stolen credit cards, Lotfy said.

Arab Misr Insurance Group – GIG is an Egyptian insurance company established in 1994 under the Egyptian Insurance Law No. 10 of 1980; it is a member of the Egyptian Insurance Federation and started business since July 1st , 1994.