Egyptian Takaful Insurance Eyes Attaining EGP340 Premiums in FY14/15

Egyptian Takaful Insurance Company eyes attaining EGP340 million premiums within the upcoming fiscal year of 2014/2015, Ahmed Arfeen, Managing Director revealed.

In a statements to Amwal Al Ghad, Arfeen added that the total value of premiums that may be attained by the end of the ongoing year estimated at EGP310 million.

The total attained premiums value of Takaful insurance ‘Properties’  valued at EGP265.9 million within the first 9 months of the fiscal year that ended in last March, Arfeen noted.

Takaful will seek in the upcoming period to boost its branches numbers in accordance with the investment visions that will be witnessed by the Egyptian market, he emphasized.

In the recent period, the company restored to creative marketing methods that enables it to make the best use of the key points representing in 7 banks besides promoting products through providing integrated products.

Moreover, Takaful plans expanding in issuing insurance policies over small and medium sized projects by the next phase.