Egypt – 200,000 insured members of pharmacies
Monday, 09 18 2017, Category: Insurance and Reinsurance, Country: Egypt
The insurance broker “Egypt Link” signed a group insurance contract with the members of the profession of pharmacies and their families, who will be insured by Mohandes Life Insurance company with special advantageous conditions.
The life insurance cover at death or a retirement age is EGP 100 thousands and a monthly pension of EGP 500 will be paid for 10 or 15 years in addition to personal accident coverage of EGP 150 thousand against a monthly premium of EGP 60.
Moreover, 200,000 members will benefit from this agreement noting that the EGP 100,000 cover can be increased according to the willingness of the member. The insurance amount will be paid as a lump sum when the member reaches retirement age.
Source: al alam elyoum