Egyptian Life Takaful Targets EGP1 bln Premiums By 2018-End

Hesham Abdel Shakour, Managing Director of Egyptian Life Takaful Company said his company is targeting EGP1 billion premiums by the end of June 2018.

Abdel Shakour has informed Amwal Al Ghad that Takaful is aiming to achieve EGP200 million premiums within the current fiscal year of 2013/2014, compared to EGP123 million in the previous period.

He added that his company is currently planning to follow new marketing methods in order to allure various categories of customers, asserting that Takaful has activated cooperation protocol with Egypt’s Post so as to collect the insurance premiums of the company’s customers.

He further explained that the company is considering to offer micro products in the Egyptian market during the coming period for attracting new customers and to boost the achieved premiums of the company in the light of the continue of the economic turmoil which passed by the customers.