EFSA Approves Wethaq’s Road Insurance Policy
Wethaq Takaful Insurance Company has received the Egyptian Financial Supervisory Authority’s approval over the road insurance policy that covers cars against breakdowns in the road.
Mohamed Abdel Mawla, assistant manager of the technical affairs department at the Company, said Wethaq launches the new insurance policy as a complementary to the supplemental car insurance policy, while some insurance companies offers the road insurance policy as a separated policy.
The Egyptian Financial Supervisory Authority approved in June Wethaq’s amendments to the fire insurance policy extending to all insurance sectors except marine insurance sector.
The new insurance policy covers all car breakdowns that occur in the road, in addition to delivering fuel to the cars.
It is worth mentioning that Wethaq Takaful Insurance Company targets to achieve EGP 7 million as net profit in FY 2012/2013.
