Egyptian Takaful Life to Promote Products via 2 Banks by October

Managing Director of Egyptian Takaful Company (Life) GIG Hisham Abdel Shakour revealed that the company plans activating marketing its products through Audi and Abu Dhabi Islamic banks by October.

In statements to Amwal Al Ghad, Abdel Shakour explained that GIG obtained the initial approval of Egyptian Financial Supervisory Authority (EFSA) to start activating its various products via the two banks’ branches along with obtaining the approval of the Central Bank of Egypt (CBE).

GIG is still waiting EFSA’s  final approval to activate this new marketing activity in Egypt, Abdel Shakour added.

The company is aiming boosting premiums to EGP280 million within the current fiscal year of 2014/2015 in compared to EGP233 million achieved premiums in June, registering 20% growth rates.

Moreover, the company is planning promoting new five products according to the new marketing system as it contributes to facilitate for the customer to obtain automatically policies with high speed.