Egypt – 5 recommendations for investment contracts
Saturday, 11 18 2017, Category: Insurance and Reinsurance, Country: Egypt
The Insurance Federation of Egypt recommended some elements that should be included in savings insurance contracts that are linked to investment units.
Moreover, the Federation noted that there are problems in the life insurance sector especially in contracts related to investments units due to the differences in the proposals for such contracts.
It added that these differences create customer confusions due to the differences in calculation methods, which make the comparison unfair. Therefore, the customer is unable to soundly evaluate insurance amounts.