GIG-Egypt says launching micro-insurance policies to 130,000 clients

Egypt’s Arab Misr Insurance Group- GIG has launched micro-insurance policies benefiting so far around 130,000 clients since it obtained the regulatory licence, its managing director said on Sunday.

The policies are with premiums totalling 6 million Egyptian pounds ($361,532), Alaa el-Zoheiry told Amwal Al Ghad.

“They’re with total sum insured between 5,000 and 20,000 pounds for each client,” el-Zoheiry said.

GIG aims to double its premiums for micro-insurance activity in the coming years by reaching more agreements with microfinance companies, he added.

The company cover the personal accidents for owners of the micro-sized projects, el-Zoheiry said.