The Egyptian Life Takaful Company signed a contract to insure the employees of Alfa Ceramic for a year with value of EGP 147 million, sources said.
The policy covers the employees against natural death and death as a result of accident as well as total disability and permanent partial disability.
The number of insured employees is 1500 employees with annual insurance value of EGP 260,000.
It is worth mentioning that Alfa Ceramic was founded in 1996 and is specialized in wall and floor tiles manufacturing. The company’s investment capital is more than US$ 35 million and has annual production capacity of 15 million m2.