Misr Life, Property Insurances Attain EGP35 mln Premiums for Medical Sector

Misr Life General Insurance and Property Companies have attained EGP35 million premiums within the first quarter of this year 2013/2014, compared to EGP60 million in the same period.

Senior sources have informed Amwal Al Ghad that the targeted premiums of the medical insurance sector reaches EGP260 million by the end of the current fiscal year of 2013/2014, expecting that the premiums will up EGP250 million within 2013.

The sources explained that the prices of the high price of the medical requirements and the high price of US dollar will incur losses for the sector.

The sources said the strategy of the medical insurance sector will assert providing medical services for customers, noting that the medical insurance will reduce the disasters of accidents and injuries.