Egyptian Takaful Life Insures Pharma Overseas’ Employees With EGP 134 Mln

The Egyptian Takaful Co. – Life signed an insurance contract to insure the employees of Pharma Overseas Company located in Alexandria.

Amwal Al Ghad was informed that the value of the insurance process is EGP 134 million. The insurance policy covers the employees against death resulted from natural causes or accidents with annual subscription of EGP 1,700 per person.

The Egyptian Takaful Co. – Life’s authorized capital is EGP 500 million and paid-up capital is EGP 100 million. The Company targets to achieve premiums of EGP 150 million in FY 2012/2012 with a growth rate of 300%.