Misr Life Insurance: Direct Premiums 15.4% up in 8 Months

Egypt’s Misr Life Insurance posted a 15.4 percent direct premium growth to reach 1.536 billion Egyptian pounds (US$201.2 million) during the first 8 months of current fiscal year 2014-15.

The life insurer achieved direct premiums worth 1.331 billion pounds during the same comparable period a year earlier.

In addition, Misr Life Insurance also revealed on Monday that the total sums assured for the individual policies have recorded 3.946 billion pounds approximately by end of February, 18.1 percent up from 3.342 billion pounds a year earlier.

Meanwhile, the sums assured for Misr Life’s group policies also grew by 11.2 percent to 55.7 billion pounds in 8 months, versus 50.1 billion pounds a year earlier.