GoodLife To Sign Insurance Brokerage Agreement With An Investment Bank

GoodLife Insurance Brokerage Company plans to sign an insurance brokerage agreement with an investment bank, said Sherif Abbas, chairman and managing director of the company.

The insurance coverage will be on loans (motor loans, personal loans and SME loans) offered from the bank to its customers. GoodLife has not decided yet which insurance company it will assign for this insurance process, he added.

GoodLife had assigned Arab Orient Takaful Insurance Company to insure 11 branches of a super market against risks of fire, burglary, internal transport and breach of trust as well as labor and civil disturbances and riots.

The company assigned Nile Takaful Company to extend medical insurance coverage over 6,000 employees working at a cement factory.

It is worth noting that GoodLife Insurance Brokerage Company targets to achieve EGP 25 million premiums for insurance companies in 2013.