Misr Life Insurance to Promote its Products via HDB by October

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Misr Life Insurance Company is planning promoting its products through Housing and Development Bank (HDB) in accordance with banking insurance’s regulations, Hisham Ramadan vice chairman said.

In statements to Amwal Al Ghad, Ramadan added that his company obtained the approvals of Egyptian Financial Supervisory Authority (EFSA) via HDB.

Misr Life Insurance is seeking increasing its banking network through negotiating with Egyptian Gulf Bank (EGB) and Société Arabe Internationale de Banque (SAIB) to conclude cooperation agreements so as to allow promoting its various insurance products, Ramadan explained.

Around the new geographical expansions, Ramadan added that his company will inaugurate two branches in Tenth of Ramadan and Obour city, noting that it is currently restructuring the company’s branches across republic, he revealed.