Misr Life Insurance Attains EGP1.8billion Direct Premiums in 10 Months

Misr Life Insurance attained EGP1.835billion direct premiums within the first 10 months of the fiscal year of 2013/2014, compared to EGP1.489billion in the same period of the previous year, registering 23.2% growth rate.

Total amounts of insurance for individual documents reached up EGP4.332billion in the first 10 months of FY13/14, against EGP3.386billion in the same period of the previous year, move up by 27.9% growth rate, the company explained in a statement today.

The total amounts of group insurance documents reached EGP67.402billion at April-end compared to EGP48.889billion in the same period of the previous year, registering 37.9% growth rate, adding that the volume of direct paid up compensations for clients up EGP1.419billion in within the first 10 months of the ongoing year, against EGP1.368billion in April2013, with 3.8% growth.