Egypt’s Misr Life strikes bancassurance deal with NSB bank

Egypt’s state-owned Misr Life Insurance on Tuesday reached a bancassurance partnership agreement with Nasser Social Bank (NSB).

The deal will see Misr Life Insurance’s products promoted through the NSB’s branches nationwide.

Also, the life insurer has earlier signed bancassurance deals with Societe Arab International de Banque (SAIB), Egyptian Gulf Bank (EG-Bank), Misr Iran Development Bank (MIDB), and Housing and Development Bank’s (HDB).

“We (Misr Life) are currently negotiating with two banks to reach another bancassurance partnership within the next period,” chairman and chief executive Ahmed Abdel Aziz earlier told Amwal Al Ghad.