Suez Canal Life Plans Launching New Product for Health Insurance

Suez Canal Life Insurance Company is planning launching new product for health insurance within the upcoming period after Egyptian Financial Supervisory Authority (EFSA) will approve on it, Managing Director Ahmed Shoukry said.

Speaking to Amwal Al Ghad, Shoukry explained that this new product is the launch of the medical sector in the company as it contributed in alluring new categories of customers.

Suez Canal Life will focus on medical insurance sector in the next period as it is one of the current promising branches, noting that Suez Canal addressed one of reinsurance company and Health care management companies to activate this insurance branch and develop its various products.

Moreover, Suez Canal is planning within the upcoming phase to conclude its first banking alliance with one the banks in the Egyptian market so as to promote the products via branches and according to banking insurance mechanism.