Delta Renews Loan Default Insurance Policy Of Alex Bank Borrowers

Delta Life Insurance Company renewed the insurance policy covering borrowers from Alex Bank for a year, said Ayman El-Alfy, general manager of the company.

The total value of the insurance policy is EGP 4 billion, he added. The policy covers borrowers against the default on loan repayment due to death, personal accident, total disability or partial disability.

The company renewed some of its branches in the current period to keep up with the latest developments in the Egyptian market so as to help the company to market its products in an easy and attractive method.

El-Alfy revealed that the company launched a new branch in Alexandria which offers 11 products.

It is worth mentioning that Delta Life Insurance Company targets to achieve premiums of EGP 112 million in FY 2012/2013, compared to EGP 102.5 million in the last fiscal year, registering a growth rate of 9.3%.