Ayman El-Alfy, general manager of Delta Life Insurance Company, said the expected volume of the installments by the end of 2012-2013 fiscal year is about EGP 1245 million.
In exclusive statements to “Amwal Al Ghad”, El-Alfy asserted that this expectant rate will help the company to achieve 13.6% growth rate regarding the targeted volume of installments by the end of June, which is EGP 110 million.
He pointed out that the separation of the activity of life insurance from non-life Insurance at the company is expected to be start at the beginning of 2013 -2014 FY.
He added that the company aims to create new marketing channels during the upcoming
period in order to increase the company’s insurance portfolio besides creating a kind of credibility for the clients.
It is worth mentioning that Delta Life Insurance Company achieved growth rates at 22% to reach EGP 106 million by the end March.