Misr Life Insurance’s Premiums Hit EGP 1.3 Bln At End-March

Misr Life Insurance Company achieved premiums of EGP 1.307 billion in the first nine months of FY 2012/2013, compared to EGP 1.139 billion in the compared period, registering a growth rate of 14.8%.

The company’s direct individual premiums reached EGP 669 million, compared to EGP 598 million in the corresponding period in the last fiscal year, registering an increase of 12%.

Misr Insurance Company’s group insurance premiums rose 16% to reach EGP 617 million by the end of the third quarter of the current fiscal year, compared to EGP 532 million in the third quarter of the last fiscal year.

The company’s health insurance premiums reached EGP 20.3 million at the end of last March, compared to EGP 8.7 million in the corresponding period in the last fiscal year, registering a growth rate of 133.3%.

The value of new individual insurance policies reached EGP 3.074 billion in the first nine months of the current fiscal year, compared to EGP 2.499 billion in the corresponding period in the last fiscal year, registering a growth rate of 23%.

The value of group insurance policies reached EGP 45.938 billion at the end of last March, compared to EGP 40.268 billion at the end of March 2012, registering an increase of 14.1%.